In Georgia, potential creditors or investors might request a certificate of existence for your LLC, and you’ll need to provide one or risk losing crucial financing. Thankfully, this guide provides all the information you need to get this certificate in Georgia.
What is a Certificate of Existence for Georgia?
In Georgia, a certificate of existence, known as a certificate of good standing in most other states, verifies that you’re a legally registered business entity that is up to date on all filings and fees and permitted to do business in Georgia. You do not have to obtain this certificate to do business in Georgia, or in any state. It is simply used to verify your strong status to third parties such as banks.
Why Do I Need a Certificate of Existence?
Your LLC only needs a certificate of existence if another party requests one. For instance, a bank might request one if you’re opening a bank account or applying for a loan. A credit firm might request one if you apply for a business credit card, or if you set up credit card processing for customer payments.
If you’re registering as a foreign LLC in another state, you will probably be asked for a certificate of existence.
A foreign entity is simply a business entity doing business in a state other than the one in which it’s registered. For example, if your business is registered in Georgia but you also do business in Alabama, you’ll need to register a foreign entity in Alabama.
Where to Get a Certificate of Existence in Georgia?
In Georgia, the Secretary of State issues certificates of existence. Just go to the secretary of state’s website to fill out the required form. The cost is $10 and you should receive your certificate immediately via email.
Requirements for a Certificate of Existence
You must be registered as a business entity in that state. Operating as a sole proprietorship or a partnership does not require registration in Georgia, so those entities are not able to obtain a certificate of existence.
Corporations and LLCs, like your business, must be registered with the state, so they are able to obtain the certificate.