The following information is provided for educational purposes only and in no way constitutes legal, tax, or financial advice. For legal, tax, or financial advice specific to your business needs, we encourage you to consult with a licensed attorney and/or CPA in your state. The following information is copyright protected. No part of this lesson may be redistributed, copied, modified or adapted without prior written consent of the author. A Certificate of Good Standing is a document issued by the State confirming that a business has met all of its ongoing requirements and does not owe any money to the State. It is not a requirement to obtain a Certificate of Good Standing after you form your LLC, but it is beneficial to have one on file. A Certificate of Good Standing may be requested by your bank when you’re opening a business account, a title company if you’re LLC is purchasing real estate, or by any 3rd party needs to confirm your LLC is in good standing. You can download your Certificate of Good Standing from the State’s website for free. We want to show you how to obtain your Certificate of Good Standing. The link below this video will take you to the State’s website. Here we are on the State’s website under the “Record Identification or ID Search. Very simple. Under this 1st box here to the right of “Business Name”, you going to enter the name of your LLC, and you can just include the 1st part (you don’t need to include the designator “LLC” or “L.L.C.”). I want to go ahead and paste in a sample company here that’s on record in Colorado. Okay, I’ve entered “tomahawk development” into the Search Box. Just so you know, capitalization does not matter (it can be upper case, lower case, or any variation). Once you have your name in there, go ahead and click “Search”. You’ll then see your name appear in the list. We can see here’s “Tomahawk Development”, and it shows the data formation. On the far left, we’re going to click on the ID Number representing this entity. Below the summary information, down here in the 2nd link, it says “Get a Certificate of Good Standing”, you’re going to click that. It’s very simple process. Let this page load; sometimes it can take a couple seconds and you’ll see right there they issue the Certificate right on the spot, and this is in PDF format. Now, in order to save this on your computer so you can save it digitally (and we also recommend you print it out and maybe save a copy or 2 with your records), you need to hover your mouse over the lower right-hand corner, and then a number of icons will appear. You want to click on the “Disk” icon, and that’s gonna load up the “Save” window. I’m going to save this on my desktop. Now you can see it says “CERT_GS_D”. I’d recommend that you change their name to something that you’re going to remember and is more recognizable. I’m going to go ahead and paste in a format that I think is helpful. Here we go. It’s quite long. Let me scroll over to the beginning here. So I put hyphens or dashes in between the words to make it really easy to read. So it’s “Cert-of-Good-Standing-Tomahawk-Development-LLC”, and then I’m going to click “Save”, and that document is now saved on my desktop. From there, I’m going to go ahead and print out 2 copies, and save those with my records. Once you’ve saved a copy of your Certificate of Good Standing, you’re all set. And that completes this Lesson.
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