A certificate of good standing issued by the state of Illinois certifies that a limited liability company (LLC) or corporation was founded lawfully and has been properly maintained.
In our Certificate of Good Standing Illinois guide, we will go over the qualifications for good standing as well as how to get one in Illinois.
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How Do I Obtain an Illinois Certificate of Good Standing?
You may get your Illinois certificate of good standing from the Secretary of State.
There are two major processes involved in obtaining your certificate of good standing:
1. Maintain your LLC’s compliance
2. Request a certificate of good standing.
What exactly is a good standing certificate? A certificate of good standing is a state document that confirms your company was created lawfully and has been properly maintained.
Step 1: Ensure that your Illinois business is in compliance.
To be eligible for an Illinois certificate of good standing, your company must meet the following state compliance requirements:
Permits and Licenses
To run a company in Illinois, you must adhere to federal, state, and municipal licensing requirements. Regulations such as health permits and construction permits are examples of this.
The State of Illinois website has further information on state licensing requirements.
State levies
Depending on your company activity, you may be required to register for several types of Illinois state tax. Sales tax, withholding tax, and Unemployment Insurance (UI) tax are all examples of this.
Reports on a Year
Every Illinois LLC and company is required to submit an annual report. This report checks the essential details of the firm and highlights annual finances for companies.
The report is submitted with the Secretary of State and is due each year on the first of the month after the month in which the company was incorporated. It may be submitted electronically, via mail, or in person. The cost for filing is $75.
Step 2: Request an Illinois Certificate of Good Standing.
Once your company is in good standing with the state, you may apply to the Illinois Secretary of State for an Illinois certificate of good standing. This may be done online or in the mail.
Is a Certificate of Good Standing Required in Illinois?
While you don’t always need a certificate of good standing to manage a company in Illinois, there are a few times when you may. These are some examples:
Purchasing commercial insurance
Applying for commercial loans
Establishing a business checking account
Getting a business license in another state
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