A certificate of good standing in Oregon validates that a limited liability company (LLC) or corporation was founded lawfully and has been properly maintained.
In our Certificate of Good Standing Oregon tutorial, we will go over the qualifications for good standing as well as how to get one in Oregon.
Table of Contents
How Do I Obtain an Oregon Certificate of Good Standing?
Request your certificate of good standing, also known as a certificate of existence in Oregon, 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 Oregon business is in compliance.
To be eligible for an Oregon certificate of existence, your company must meet the following state compliance requirements:
Permits and Licenses
To run a company in Oregon, you must adhere to federal, state, and municipal licensing requirements. Regulations such as health permits and construction permits are examples of this.
The Oregon Business Xpress License Directory website offers further information on state licensing requirements.
State levies
Depending on your company activity, you may be required to register for several types of Oregon state tax. This might be withholding tax or Unemployment Insurance (UI) tax.
There is no state sales tax in Oregon.
Reports on a Year
Every Oregon LLC and company is required to submit an annual report. This report confirms the company’s fundamental facts, such as its primary office location and registered agent.
The yearly report is submitted with the Secretary of State online. It is due on the day the company was created. The filing cost is one hundred dollars.
Step 2: Obtain an Oregon Certificate of Good Standing.
If your company stays in good standing with the state, you may apply to the Secretary of State for an Oregon certificate of existence. This may be accomplished through letter, fax, or in person.
Is a Certificate of Good Standing Required in Oregon?
While you don’t always require a certificate of existence to operate a company in Oregon, there are a few situations when you may. These are some examples:
Purchasing commercial insurance
Applying for commercial loans
Setting up a business checking account
Getting a business license in another state
