The New York Certificate of Good Standing, also known as the Certificate of Status, is issued by the New York Department of State. This document certifies that a business is legally registered and in compliance with New York State’s regulatory requirements, including the filing of necessary reports and payment of required taxes. Whether you run a corporation, LLC, or nonprofit, this certificate is often required for business activities such as opening a bank account, securing a loan, or registering in another state.
How to Obtain a Certificate of Good Standing in New York
In New York, you can request a Certificate of Good Standing, also referred to as a Certificate of Status, through the New York Department of State. The process is straightforward and can be done online or by mail. Follow the steps below:
- Visit the New York Department of State website and use the business entity search tool.
- Locate your business using your entity name or Department of State (DOS) ID number.
- Once your business is located, request the Certificate of Good Standing by completing the online form or submitting the request by mail.
- Pay the required fee using a credit card for online requests or a check for mail requests.
- Receive the certificate digitally or by mail, based on your preferred method of delivery.
New York Certificate of Good Standing Costs
The costs for obtaining a Certificate of Good Standing (Certificate of Status) in New York are as follows:
| Service | Cost |
|---|---|
| Certificate of Good Standing (Standard Processing) | $25 |
| Expedited Processing (Optional) | $75 additional fee |
Processing Time for the Certificate of Good Standing in New York
New York offers both standard and expedited processing options for the Certificate of Good Standing. Below are the estimated processing times:
| Method | Processing Time |
|---|---|
| Online (Standard) | 1-3 business days |
| Mail (Standard) | 2-3 business weeks |
| Expedited Processing | Same day (if requested before 12:00 PM EST) |
Validity and Use of the Certificate of Good Standing in New York
The Certificate of Good Standing in New York is typically valid for as long as the business remains in compliance with the state’s reporting and fee requirements. However, many institutions, such as banks or lenders, may require a certificate that was issued within the last 30 to 90 days to ensure the business is currently in good standing.
This certificate is most often needed for:
- Opening business bank accounts
- Applying for loans or lines of credit
- Entering into contracts or agreements with other businesses
- Registering your business in another state (foreign qualification)
