How to Get a Standing Certificate in New Jersey

In New Jersey, potential creditors or investors might request a standing certificate 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 New Jersey. 

What is a Standing Certificate for New Jersey? 

In New Jersey, a standing certificate, 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 New Jersey. 

You do not have to obtain this certificate to do business in New Jersey, or in any state. It is simply used to verify your strong status to third parties such as banks.

Why Do I Need a Standing Certificate?

Your LLC only needs a standing certificate 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 set up credit card processing.

If you’re registering as a foreign LLC in another state, you will probably be asked for a standing certificate. 

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 New Jersey but you also do business in Georgia, you’ll need to register a foreign entity in Georgia.

Where to Get a Standing Certificate in New Jersey?

In New Jersey, the Division of Revenue and Enterprise Services issues standing certificates. Just go to the business records website to order the certificate. The cost is $50 and you should receive your certificate immediately. 

Requirements for a Standing Certificate

You must be registered as a business entity in that state. Operating as a sole proprietorship or a partnership does not require registration in New Jersey, so those entities are not able to obtain standing certificates.

Corporations and LLCs, like your business, must be registered with the state, so they are able to obtain the certificate. 

How Much Does a New Jersey Standing Certificate Cost? 

Again, the fee to obtain a standing certificate in New Jersey is $50. But it’s well worth it because this is an official document that proves your business’ financial accountability and could open the door to greater investment and expansion.