The Certificate of Good Standing in Virginia is a significant document that is required if you expand your business to another state. When you file an LLC in Virginia, you must submit a handful of documents to the Secretary of State. In case you take your business beyond the state border, you need this additional document, commonly known as the Certificate of Good Standing.
In this article, LLCBuddy editors share the ins and outs of Virginia Certificate of Good Standing. You’ll also learn what the uses of this document are other than having a foreign LLC out of state. We shared how to get the Certificate of Good Standing in Virginia. The Certificate of Good Standing is one of the most important documents your business needs. Whether it is the LLC filing or a corporation filing in Virginia or any other form of business, the Certificate of Good Standing must be obtained. Let’s dive in and get your business one step closer to achieving its goals!
What is Certificate of Good Standing in Virginia
The Certificate of Good Standing is a document that every business in Virginia requires to obtain. This document states that the company (LLC, Corporation in Virginia, Partnership, etc.) complies with the State government. In other words, the business has fulfilled all the legal requirements in Virginia. Whether you form an LLC or any other form of business, you must get this document.
If you take your business to a different state, Certificate of Good Standing will be a necessary document to be produced. It shows that your business does not have any illegitimate or outlawed activities. Besides, to restore or reinstate an LLC in Virginia after dissolution, you must obtain this document.
What Information You Have in Virginia Certificate of Good Standing
The Certificate of Good Standing consists of very pivotal information related to your business. Following is the information your Certificate of Good Standing will have-
- The entity type (LLC, Corporation, LLP, LP, or any other registered entity type) when it was formed
- The date of filing the business entity (filing the formation document).
- The current name and address of the business entity
- Whether the business entity exists today
- Name and address of the Registered Agent
- The State where the document is issued
- A declaration that the business entity has paid all the required taxes and complies with all applicable legal requirements.
- A declaration that the business entity met all the requirements to get the document.
Who Should Obtain the Certificate of Good Standing
Any business entity, a Limited Liability Company (LLC), a Corporation, a Limited Liability Partnership (LLP), a Limited Partnership (LP), or any other registered business structure in Virginia is eligible to obtain the Certificate of Good Standing. Anyone with a sole proprietorship does not need to obtain the Certificate of Good Standing because sole proprietorship companies do not have to register their business.
How to Obtain Virginia Certificate of Good Standing
The Virginia Secretary of State issues this document. To obtain the Certificate of Good Standing, you must fill out the form and send it to the Virginia SOS along with the required filing fees. There is some information you will need to enter while submitting the form. Here are the points to add-
Step 1: Get the Form
In Virginia, the Certificate of Good Standing can be obtained online. You can visit the Virginia Secretary of State portal to submit a request for the document.
The following points are required to be mentioned in the form-
Details of The Requester: The first information you need to provide is the details of the requester. Provide your full name, address (which can be your business address), and phone number.
Name of Your Business: Provide the exact name of your business. Make sure no spelling mistakes are made. The spelling must be the same as mentioned in the Certificate of Formation. Besides the name, provide the company registration number or file number. The SOS issues this number after you file the Certificate of Formation. This is not mandatory, but it is recommended that you share the file number to get the process done quickly.
Details of Return Method: The certificate can be collected in person or by mail from Virginia SOS. If you request the document in person, you can take the return in person or by mail. Choose which way you want it.
Copies of the Certificate: You can request the number of copies of the certificate from SOS. There is a box in the form you need to check for multiple copies of this document. You can obtain more than one copy of the Certificate of Compliance for various purposes. It is recommended that more copies of the certificate be obtained for future use.
Fax Copy of the Certificate: You might get a Fax copy before receiving the certificate’s hard copy. This is one of the options available in some of the states. If you want to receive the fax copy of the certificate, you must provide the fax number while filing the form.
Copies of Other Documents: If you want, you can request copies of other documents filed with the SOS. Other documents include the Virginia Articles of Organization for LLCs, Articles of Incorporation for corporations, LLC amendment, corporation amendment, and other registered documents with the SOS. This is optional, and you can avoid this. You must pay a stipulated fee for every copy you request.
Step 2: Submit the Form
You can submit the form online, by mail, or in person, whichever is available and more convenient. Send the form to the State Corporation Commission, Clerk’s Office, P.O. Box 1197, Richmond, VA 23218-1197 for offline filing. You must search the Virginia SOS official website for the appropriate form.
Step 3: Filing Fee and Processing Time
A filing fee of $6 must be paid to the SOS to obtain the Certificate of Good Standing. The amount might be more depending on the number of copies you request. If you request other document copies, you might have to pay an additional fee for that.
Processing Time: The Certificate of Good Standing’s processing time varies from state to state. Also, it depends on the expedited filing as well. It can take a few days to a few months to obtain the Certificate of Good Standing in Virginia.
Step 4: Receive the Certificate of Good Standing
Once you submit the form and the necessary filing fee, your forms start processing. The process might take a lot of time. If you do not want to wait, you can check with the Virginia SOS if they have expedited filing or not. In Virginia, it can take up to a few months to receive the Certificate of Good Standing.
Why Do You Need a Certificate of Good Standing
The Certificate of Good Standing in Virginia is a character certificate of any business. Obtaining this document makes your business legitimate officially. You need this document every now and then while making business decisions. You must obtain the document for the following reasons,
- To get business loans and advances or investors
- To get business bank accounts
- To purchase insurance for business coverage
- To renew licenses & permits
- To set up your business in other states, for example, a Foreign LLC.
- To sell or transfer your business completely or partially to another.
- To get into a legal business contract with other businesses or clients.
- If your LLC is dissolved for any administrative reasons and you want to restore it, you must obtain the Certificate of Good Standing for reinstatement.
The document is required as much as the formation document. Hence, obtaining the Virginia Certificate of Good Standing is needed.
FAQs
Also Read
- Get Alabama Certificate of Compliance
- Get Alaska Certificate of Compliance
- Get Arizona Certificate of Good Standing
- Get Arkansas Certificate of Good Standing
- Get California Certificate of Status
- Get Colorado Certificate of Good Standing
- Get Connecticut Certificate of Legal Existence
- Get Delaware Certificate of Good Standing
- Get DC Certificate of Good Standing
- Get Florida Certificate of Good Standing
- Get Georgia Certificate of Existence
- Get Hawaii Certificate of Good Standing
- Get Idaho Certificate of Good Standing
- Get Illinois Certificate of Good Standing
- Get Indiana Certificate of Existence
- Get Iowa Certificate of Standing
- Get Kansas Certificate of Good Standing
- Get Kentucky Certificate of Existence
- Get Louisiana Certificate of Good Standing
- Get Maine Certificate of Existence
- Get Maryland Certificate of Status
- Get Massachusetts Certificate of Good Standing
- Get Michigan Certificate of Good Standing
- Get Minnesota Certificate of Good Standing
- Get Mississippi Certificate of Good Standing
- Get Missouri Certificate of Good Standing
- Get Montana Certificate of Good Standing
- Get Nebraska Certificate of Good Standing
- Get Nevada Certificate of Good Standing
- Get New Hampshire Certificate of Good Standing
- Get New Jersey Standing Certificate
- Get New Mexico Certificate of Good Standing
- Get New York Certificate of Status
- Get North Carolina Certificate of Existence
- Get North Dakota Certificate of Good Standing
- Get Ohio Certificate of Good Standing
- Get Oklahoma Certificate of Good Standing
- Get Oregon Certificate of Good Standing
- Get Pennsylvania Subsistence Certificate
- Get Rhode Island Certificate of Good Standing
- Get South Carolina Certificate of Existence
- Get South Dakota Certificate of Good Standing
- Get Tennessee Certificate of Existence
- Get Texas Certificate of Fact – Status
- Get Utah Certificate of Existence
- Get Vermont Certificate of Good Standing
- Get Virginia Certificate of Good Standing
- Get Washington Certificate of Existence
- Get West Virginia Certificate of Existence
- Get Wisconsin Certificate of Status
- Get Wyoming Certificate of Good Standing
In Conclusion
The Certificate of Good Standing is a vital document for any business entity in Virginia, as it enables you to expand your operations throughout the United States. It’s essential to provide accurate and truthful information in this document. If you plan to establish the same business in another state, obtaining a Certificate of Good Standing is necessary.
While forming a Limited Liability Company (LLC) or a Corporation in Virginia, it is necessary to have some documents filed with the State authority. The Certificate of Good Standing is one of them. In some cases, if the business gets shut down or dissolved due to administrative reasons, this document helps the owners retrieve their business in the future. In this article, we shared DIY ways to get the document, but you can always hire a professional to get that for you.