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A State of New York Certificate of Status for a domestic entity includes the following information:
- LLCs: A New York Certificate of Status for an LLC certifies the LLC’s formation date; that the LLC is an existing entity; whether the LLC has perpetual duration; and that the LLC has not filed Articles of Dissolution. The certificate can also indicate if certain statutory requirements have not been met, such as having a biennial statement that is past due.
- Corporations: A New York Certificate of Status issued for a corporation confirms the active status of the corporation; the filing date of the Certificate of Incorporation; whether the corporation has perpetual duration; and that the corporation has not filed Articles of Dissolution. The certificate can also indicate if certain statutory requirements have not been met, such as having a biennial statement past due.
New York Foreign Entity Certificate of Status (Good Standing):
A Certificate of Status for a foreign entity registered in New York may include the following information:
- State of organization (domestic state)
- Entity name
- Foreign qualification date
- Confirmation of active status
- Confirmation that the foreign entity has not filed a Certificate of Withdrawal
- Statement of certain statutory requirements not being met
New York Certificate of Status FAQs
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What is a New York Certificate of Status?
A New York Certificate of Status (also known as a Certificate of Good Standing) is a state-issued document that confirms the active status of a business in the state of New York. It can also indicate whether or not the business has fulfilled certain New York “good standing” requirements, such as filing biennial reports and paying required fees. The New York Department of State is responsible for issuing the New York Certificate of Status.
Other names for this document include “certificate of existence”, “certificate of authorization”, and “standing certificate”.
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Is there a difference between a New York Certificate of Status and a New York Certificate of Good Standing?A New York Certificate of Status is the same as a New York Certificate of Good Standing.
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Why is “good standing” important for your New York business?Being in good standing allows a corporation, LLC, or other statutory entity in New York to maintain the rights and privileges of doing business as that statutory entity. Good standing certificates are required when expanding to other states and may be required for financing, business transactions, and licensing. The consequences of losing good standing can include fines, the inability to file a lawsuit, the inability to do business in other states, and the administrative dissolution of your business.
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When do you need a New York Certificate of Status?A New York Certificate of Status is required when your business expands to another state (otherwise known as a foreign qualification) and needs to register in that state as a foreign corporation or LLC. In addition, lenders, investors, and vendors often require a Certificate of Status (Good Standing) before doing business with a company. Depending on the type of business, you may need to submit a Certificate of Status or Good Standing to obtain licensure. You may also need a Certificate of Status for other business transactions, such as a merger or acquisition.
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How do I obtain a New York Certificate of Status?You can also obtain a New York Certificate of Status by using a professional services company like CT Corporation. Contact us for details.
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How long does it take to receive a New York Certificate of Status?It may take several days or longer to receive a New York Certificate of Status. Expedited processing is available.
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*State fees are mandatory fees imposed by the state. Price includes online discount automatically applied at checkout. Discount is for new customers only.