{"id":833,"date":"2019-08-15T10:57:56","date_gmt":"2019-08-15T17:57:56","guid":{"rendered":"https:\/\/www.jacksonwhitelaw.com\/az-small-business-representation\/?p=833"},"modified":"2023-07-11T10:43:20","modified_gmt":"2023-07-11T17:43:20","slug":"arizona-corporation-commission-certificate-good-standing","status":"publish","type":"post","link":"https:\/\/www.jacksonwhitelaw.com\/az-small-business-representation\/blog\/arizona-corporation-commission-certificate-good-standing\/","title":{"rendered":"Arizona Corporation Commission&#8217;s Certificate of Good Standing"},"content":{"rendered":"<p>A certificate of good standing is obtained from the <a href=\"https:\/\/www.azcc.gov\/\" target=\"_blank\" rel=\"noopener noreferrer\">Arizona Corporation Commission<\/a>, and serves as proof from the state that a company is authorized to do business in the state. Usually, a certificate of good standing is required to be obtained before a business begins to operate as it is required for basic business actions.<\/p>\n<p>A Certificate of Good Standing proves that a company:<\/p>\n<ul>\n<li>Is a legal entity in the State<\/li>\n<li>Is not in default of State rules<\/li>\n<li>Is not currently suspended by the State<\/li>\n<li>Is current on all tax filings and obligations<\/li>\n<\/ul>\n<h2>Is a Certificate of Good Standing Required?<\/h2>\n<p>One of the most important uses of a certificate of good standing is its use in the process of securing financial assistance from banks. During the process of financing a new corporation a certificate of good standing is required by banks as a way to prove that the corporation\/company is legitimate.<\/p>\n<p>Typically certificates of good standing are required for the following instances:<\/p>\n<ul>\n<li>Opening bank accounts<\/li>\n<li>Completing an official business transaction or a contract<\/li>\n<li>Selling of a business<\/li>\n<li>Proof that a company\/business has come back into good terms with the state<\/li>\n<\/ul>\n<p>If you are unsure of whether or not your company needs to obtain a certificate of good standing, a legal representative with years of experience helping small businesses like yours can assist you in making this important decision.<\/p>\n<h2>Who Needs to Obtain a Certificate of Good Standing?<\/h2>\n<p>Many types of organizations are able to apply for Certificates of Good Standing by applying to the Arizona Corporation Commission.<\/p>\n<p>The following organizations are able to obtain a Certificate of Good Standing:<\/p>\n<ul>\n<li>Corporations<\/li>\n<li>Professional corporations<\/li>\n<li>Limited liability companies<\/li>\n<li>Non-profit corporations<\/li>\n<\/ul>\n<p>For other types of organizations such as limited partnerships, limited liability partnerships and limited liability limited partnerships that do not fit into the above criteria they can request a Certificate of Existence from the Business Services division of the Arizona Secretary of State for a fee of $5.<\/p>\n<p>A certificate of existence is similar to a certificate of good standing, but only limited partnerships, limited liability partnerships and limited liability limited partnerships can obtain it.<\/p>\n<h2>How Do I Obtain a Certificate of Good Standing?<\/h2>\n<p>There are several ways to obtain a Certificate of Good Standing:<\/p>\n<ul>\n<li><strong>Online:<\/strong> Ordering a certificate of good standing online through the Arizona Corporation Commission will be the fastest, and easiest way to obtain a certificate. Once the payment for the certificate has been accepted, the finalized certificate will be available as a PDF for download.<\/li>\n<li><strong>In person:<\/strong> Individuals may bring in their filled out form to the AZCC, but waiting times vary for obtaining the certificate.<\/li>\n<li><strong>By Mail:<\/strong> A corporation\/company may mail their form to the AZCC for processing, but this is the slowest way to obtain a certificate.<\/li>\n<\/ul>\n<h3>How Long Will it Take to Obtain a Certificate of Good Standing?<\/h3>\n<p>The quickest way to obtain a certificate of good standing from the AZCC is to submit the <a href=\"https:\/\/startabusiness.org\/wp-content\/uploads\/Arizona-Certificate-of-Compliance-Request-Form.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">form<\/a> online, by doing this your form can be accepted immediately upon its submission. If a corporation\/company are willing to pay an expedited fee they may be able to obtain a certificate in person at the AZCC office that day.<\/p>\n<p>The wait times for receiving a certificate of good standing are as follows:<\/p>\n<ul>\n<li><strong>Online:<\/strong> Orders are processed as they are submitted and the certificate will be ready to download once the payment has gone through<\/li>\n<li><strong>In Person and Expedited:<\/strong> If the expedited service is paid for, a certificate will either be mailed that day or made available for pick-up<\/li>\n<li><strong>In Person Non-Expedited:<\/strong> This option is the slowest and will take a minimum of 14 business days<\/li>\n<li><strong>Expedited Processing by mail:<\/strong> This process takes up to 10 business days<\/li>\n<\/ul>\n<h3>How Much Does it Cost to Obtain a Certificate of Good Standing?<\/h3>\n<p>When filing a certificate of good standing the filing fee is standardized at $10, however depending on the mode of filing, an expedite fee of $35 may also be applied. This means that those who wish to obtain their filed certificate in less than 10-14 days will pay $45.<\/p>\n<p>The online filing option is considered to be an expedited service and it will have a filing fee of $10 and then the $30 expedited fee on top of this for a total of $45. There is not a higher filing fee to obtain the certificate when completing the process online, rather the expedite fee is built in.<\/p>\n<p>If the mode of filing is not expedited and filed by mail or in person by a corporation\/company, then the total cost will be $10 before shipping.<\/p>\n<p>If time is not an issue and you are not needing to obtain a loan or open a bank account, visiting the AZCC in person to obtain a certificate is a valid option that will end up being the most cost effective choice for your corporation\/company.<\/p>\n<h2>What is an Annual Report?<\/h2>\n<p>An annual report is legally required by the state of Arizona to be submitted once a year by every corporation in the state. The annual report is a description of any changes that have been made to a corporation\/company, examples of things that would be included are address and name changes.<\/p>\n<p>The AZCC does not offer a form for the Annual Benefit Report, and therefore they recommend corporations review statutes (A.R.S. \u00a7\u00a7 10-2441 and 10-2442) to determine the requirements for the content of the Annual Benefit Report.<\/p>\n<h3>Who Needs to File an Annual Report?<\/h3>\n<p>All Arizona corporations (domestic and foreign) are required to file their annual report. This filing will cost $45 and can be <a href=\"https:\/\/ecorp.azcc.gov\/\" target=\"_blank\" rel=\"noopener noreferrer\">completed online<\/a> or the form can be mailed to the AZCC.<\/p>\n<p>Limited liability companies (LLC) in the state of Arizona do not need to file an annual report with the state, and therefore there is no fee involved.<\/p>\n<p>Nonprofits are required to file an annual report, but their fee is only $10. Just as the corporations, the annual report of a nonprofit can be submitted online or be mailed to the AZCC.<\/p>\n<p>The process of running a business will often have issues arise that are of no fault of the owner or management. Whether it be employment issues or unintentional accidents, having a legal representative to protect your business may be the difference in keeping a business afloat or not.<\/p>\n<p>As your business is taking off, the legal services provided by JacksonWhite are here to help you sustain your growth.<\/p>\n<p>Call JacksonWhite&#8217;s Small Business Law Team at <a href=\"tel:4804641111\">(480) 464-1111<\/a> to discuss your case today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A certificate of good standing is obtained from the Arizona Corporation Commission, and serves as proof from the state that a company is authorized to do business in the state. Usually, a certificate of good standing is required to be obtained before a business begins to operate as it is required for basic business actions. [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[5],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Get the AZCC&#039;s Certificate of Good Standing<\/title>\n<meta name=\"description\" content=\"Learn about the requirements of the Arizona Corporation Commission&#039;s Certificate of Good Standing. 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