A Certificate of Good Standing is an official document issued by the Kentucky Secretary of State. This certificate serves as proof that the Limited Liability Company (LLC) was formed in good standing and is in compliance with state laws governing its formation and operations.
A Certificate of Good Standing (also known as a “Certificate of Existence”) is an official document issued by the Kentucky Secretary of State. It certifies that your LLC was formed in good standing, and complies with all applicable state laws governing its formation and operations. With this certificate, you can prove that your LLC is still active and registered with the state of Kentucky. By obtaining a Certificate of Good Standing from the Kentucky Secretary of State, you can demonstrate your ongoing legality and legitimacy to lenders or other third parties.
Having a valid Certificate of Good Standing on record is essential for doing business in Kentucky or any other state. Without this certificate, banks may not be willing to loan money or open business accounts for your LLC. Additionally, certain permits or licenses may require you to have a current Certificate of Good Standing on file with the state government before they can be approved.
You can obtain a Certificate of Good Standing from the Kentucky Secretary of State either online via their website, by mail or fax application. The fee for filing online is $10 while ordering by mail costs $15 and fax $25. Here are the steps required:
Step 1. Go to The Kentucky Secretary of State Website https://applications.sos.ky.gov/business/certificates/default_external/.
Step 2. Follow instructions on how to fill out form C-1B: Request for Certificate(s).
Step 3. Select payment method – debit card or ACH transfer – if applying online; or check/money order if applying by mail;
Step 4. If ordering by mail – provide check or money order for amount $15 made payable “Kentucky Secretary of State” and send it to following address:
Kentucky Secretary Of State
Business Filings Office
700 Capitol Avenue Suite 254
Frankfort KY 40601-3449
Step 5. Once application processed you will receive your Certificate Of Good Standing via mail or email (depending on way applied). Usually delivered within 5 business days when ordered online/by mail; 2 days when ordered by fax service ($25 fee).
There are a few reasons why an LLC might fail to obtain or maintain a Certificate of Good Standing.
If your LLC has lost its good standing, you can restore it by submitting a renewal application to the Kentucky Secretary of State. This requires filing Form C-1B, along with applicable fees and documents that show proof of compliance with state laws. The fee for filing online is $10 while ordering by mail costs $15.
It usually takes 5 business days when applying online/by mail and 2 days when applying by fax.
The fee for filing online is $10 while ordering by mail costs $15 and fax $25.
A Certificate of Good Standing demonstrates your LLC’s validity, legitimacy, and compliance with state laws and regulations. It is necessary for obtaining certain licenses or permits, as well as taking out loans and opening business accounts.