A certificate of good standing in New York validates that a limited liability company (LLC) or corporation was founded lawfully and has been properly maintained.
In our Certificate of Good Standing New York tutorial, we will go over the qualifications for good standing as well as how to get one in New York.
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How Do I Obtain a New York Certificate of Good Standing?
In New York, you may get your certificate of good standing, also known as a certificate of status, by requesting it from the Department 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 New York business is in compliance.
To be eligible for a New York certificate of status, your company must meet the following state compliance requirements:
Permits and Licenses
To run a company in New York, you must adhere to federal, state, and municipal licensing requirements. Regulations such as health permits and construction permits are examples of this.
The New York Business Express 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 New York state tax. Sales tax, withholding tax, and Unemployment Insurance (UI) tax are all examples of this.
Annual Reports
A biannual statement is required of all New York LLCs and corporations. This report confirms the company’s fundamental facts, such as its main office address.
Every other year, by the end of the month in which the company was created, the biannual statement is submitted electronically with the Department of State. There is a $9 filing fee.
Step 2: Obtain a New York Certificate of Good Standing.
Once your company is in compliance with the state, you may apply to the Department of State for a New York certificate of status. This may be accomplished through letter, fax, or in person.
