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Colorado Domestic Entity Certificate of Good Standing
A Colorado Certificate of Good Standing for a domestic entity includes the following information:
- LLCs: A Colorado Certificate of Good Standing for an LLC proves that the entity is a limited liability company; the date of formation; that the LLC has complied with all applicable requirements from the Secretary of State’s office; and that the LLC is in good standing in the state of Colorado.
- Corporations: A Colorado Certificate of Good Standing issued for a corporation confirms that the entity is a corporation; the date of incorporation; that the corporation has complied with all applicable requirements from the Secretary of State’s office; and that the corporation is in good standing in the state of Colorado.
Colorado Foreign Entity Certificate of Good Standing
A Colorado Certificate of Good Standing for a foreign entity registered to do business in Colorado includes the following information:
- Entity name
- State of organization (formation state)
- Statement that the entity has complied with all applicable requirements from the Secretary of State’s office
- Statement that the entity is in good standing
Colorado Certificate of Good Standing FAQs
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What is a Colorado Certificate of Good Standing?
A Colorado Certificate of Good Standing is a document confirming that an entity is authorized to do business in the state of Colorado and that it has maintained compliance with Colorado business requirements, such as filing annual reports and paying franchise taxes. If an entity is not in good standing, it cannot receive this certificate. The Colorado Secretary of State’s office is in charge of issuing Colorado Certificates of Good Standing.
In other states, this document may be called a “certificate of existence”, “certificate of authorization”, and “standing certificate”.
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Why is “good standing” important for your Colorado business?Being in good standing allows a corporation, LLC, or other statutory entity in Colorado 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 Colorado Certificate of Good Standing?A Colorado Certificate of Good Standing 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 Good Standing before doing business with a company. You may need to submit a Certificate of Good Standing to obtain licensure. You may also need a Certificate of Good Standing for other business transactions, such as a merger or acquisition.
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How do I obtain a Colorado Certificate of Good Standing?You can order a Colorado Certificate of Good Standing online today from CT Corporation or contact us for additional information.
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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.