Do you know what a Delaware Certificate Of Good Standing means? If you don’t know about it then you should not worry about it as here I have explained all the necessary things regarding the certificate of good status. It is a certificate that verifies that the business/LLC is maintained properly and formed legally. You can refer certificate of good standing as a certificate of status, a certificate of existence, or a certificate of compliance. Here I have provided the steps that how can you acquire the certificate of good status for your Delaware LLC. Let us understand the concept of the certificate of good status and the steps to acquire it.
How To Obtain Delaware Certificate Of Good Standing?
In Delaware, a certificate of good standing is referred to as a certificate of status. It is a letter that you will get from the state if you are in good condition with the state and abide by all the rules and regulations by the government. It is also known to be proof for your business which can be taken by the authorities. You can file for a Delaware Certificate Of Good Standing through the mail. For filing a certificate of good standing you have to pay $50 for a Short Form Certificate, $175 for a Long Form Certificate, payable to the Secretary of State (Nonrefundable). You have to send all the documents to the address mentioned below after you complete all the things mentioned above.
Division of Corporations
401 Federal Street
Dover, DE 19901
Below I have explained the procedure to get a certificate of good status/existence and the facts to acquire it. You will also find the information related to the time duration for getting a Delaware Certificate Of Good Standing. To remain in good standing you have to consider some of the things. You have to consider the following things in order to get a certificate of good standing.
- Keep your business compliant
- You can order your certificate of good existence/status
Step 1: Keep Your Business Compliant
If you want to be in good standing with the secretary of the state then you have to make sure that you keep your business compliant. It means that you should pay all the taxes, licenses, and permits on time so that you can achieve a Delaware Certificate Of Good Standing from the secretary of the state. You must stay up-to-date for paying all your taxes and permits on time. If you forget to pay it then you might lose the certificate of good existence.
License & Permits
As you might know that in order to remain in good standing you have to comply with certain rules and regulations of federal, state, or local governments. If you will maintain all the things then it is told that your business is legal. In order to run your LLC legally, you have to get some licenses and permits from the state. This license and permits vary from state to state and as per the type of business. For example health permits and building permits. To get more details regarding it you can visit the Delaware one-stop website.
There are several sales taxes that you have to pay as per your business activity. You have to register for different kinds of forms with the Delaware state tax and pay them well in order to get the Delaware Certificate Of Good Standing. Withholding Tax and unemployment tax can be included in this tax. Delaware has state levies a gross receipts tax on a business’s gross revenue instead of sales tax. All the LLC in Delaware must pay $300 as an annual tax to the state and all the Delaware corporations have to file annual franchise tax that will base on either their authorized shares or their assumed par value.
Delaware corporations have to file an annual report along with the franchise tax payments. All the information such as principal office address, directors information, etc… are provided in this report. You have to visit the official website of the department of the state in order to file the annual report. You have to file the annual report on or before the 1st of march. An amount of $50 must be paid for the annual report.
Step 2: Order Your Delaware Certificate Of Good Standing
Once you fulfill all the requirements of the government and pay all the taxes and permits on time you can remain in good standing with the state. Once you comply with all the things and rules of the state then you can order a certificate of existence from the secretary of the state. You can get it in two ways that are through online and through the mail.
Online: You can order your Delaware Certificate Of Good Standing online by going to the official website provided by the government. You can download that copy and use it for yourself.
Mail: This is another way to file that is through the mail. PDF must be downloaded from the official website. You can send these documents to the below address.
Delaware Division of Corporations
401 Federal Street – Suite 4
Dover, DE 19901
Cost For Delaware Certificate Of Good Standing
Short form certificates – $50
Long-form certificates – $175
Note: It is necessary that you must remain compliant with the state or else you will lose the Delaware Certificate Of Good Standing. You have to pay all the taxes and permits on time then only you will get a certificate of existence from the state.