An Illinois certificate of good standing verifies that a limited liability company (LLC) or corporation was legally formed and has been properly maintained.
- A Certificate of Good Standing is a document issued by the Illinois Secretary of State showing the official existence of registered business entities like a Limited Liability Company (LLC), Corporation, LP, LLP, or Not-for-Profit that is authorized to do business in Illinois. This certificate is also referred to as the Illinois Certificate of Status, Certificate of Existence, Certificate of Authority, or Certificate of Status.
How do I get a certificate of good standing in Illinois?
Obtain a Certificate of Good Standing Payment may be made by Visa, MasterCard, Discover or American Express. For corporations only, you also may purchase a Certificate of Good Standing by calling 217-782-6875. Payment may be made by Visa, MasterCard, Discover or American Express.
Why do I need a certificate of good standing Illinois?
When you need to show that your Illinois business is in compliance with state law, you’ll likely need an Illinois Certificate of Good Standing (CGS). It might be needed to apply for government funding, to open a bank account, or to open your corporation or limited liability company (LLC) outside of Illinois.
What does a certificate of good standing look like in Illinois?
An Illinois Good Standing Certificate (Illinois Certificate of Existence) is a one page document which looks like a letter and bears the seal and signature of the state of Illinois Secretary of State.
What is a certificate of good standing good for?
A certificate of good standing certifies that a company is properly registered with the state, is up to date on all state registration fees and required document filings, and is legally permitted to engage in business activities in the state.
Do I need a certificate of good standing?
A certificate of good standing is typically only needed if someone you do business with requires it. Financial institutions often will require a certificate of good standing before a business bank account can be opened.
How do I obtain a certificate of good standing?
How to Obtain a Certificate of Good Standing:
- Order Certificate of Good Standing. In most states, you can simply visit the secretary of state’s website and order and download the certificate of good standing instantly.
- Submit Payment. The fee for a certificate of good standing varies widely by state from free to $50.
What is a certificate of good standing and how do I get one?
A certificate of good standing—also called a certificate of existence, status certificate, or certificate of authorization—is a document issued by a government authority, usually a secretary of state, that shows your entity has met its statutory requirements and is authorized to do business.
Is a certificate of good standing the same as a certificate of existence?
A Certificate of Good Standing, also called a “Certificate of Existence” or “Certificate of Authorization,” is a state-issued document that shows that your corporation or limited liability company (LLC) has met its statutory requirements and is authorized to do business in that state.
Do I need an Illinois certificate of status?
IL Certificate Service Please be aware that corporations, LLC’s and other business organizations in Illinois are NOT required by law to obtain said “Certificate of Status”. THIS IS A SCAM! It is recommended that business organizations in Illinois ignore this solicitation and do NOT reply to the solicitation.
What is proof of good standing?
The Certificate of Good Standing is an official registry document which confirms that all administrative requirements pertaining to the company’s continued registration have been complied with.
Why is my company not in good standing Illinois?
Illinois corporation not in good standing refers to a corporation in the state of Illinois that has failed to comply with the state’s requirements for reporting and paying fees.
How do I check the status of my LLC in Illinois?
If you have a corporate name availability request, you can send an email to the secretary of state’s office or call 217-782-6961. You can also call 217-524-8008 to check for LLC availability.
What does it mean to be in good standing in college?
What does it mean to be in “good academic standing”? When a student’s cumulative (overall) and current (most recent term) grade point averages are 2.0 or better, that student is in good academic standing. If either the cumulative or current G.P.A. falls below 2.0, the student is on academic probation.
What is an employee in good standing?
A person or organization in good standing is regarded as having complied with all their explicit obligations, while not being subject to any form of sanction, suspension or disciplinary censure.
What is a certificate of good standing CGS and what are its purposes?
d) Certificate of Good Standing (CGS) – is a certificate issued by the Authority to the operating cooperatives that have complied with the mandatory requirements as provided in RA 9520, IRR and other administrative issuances which entitle cooperatives to avail incentives and privileges accorded to them.