Wyoming Certificate of Good Standing
A Wyoming Certificate of Good Standing is used to show that your business exists and that you have complied with all requirements in the state.3 min read
A Wyoming Certificate of Good Standing is used to show that your business exists and that you have complied with all requirements in the state.
What is a Certificate of Good Standing in Wyoming?
You can acquire a Wyoming Certificate of Good Standing from the Secretary of State. Without this document, you may be unable to complete important tasks related to your business:
- Applying for business loans.
- Renewing your business license.
- Filing your business taxes.
A Wyoming Certificate of Good Standing serves a variety of purposes. First, it shows that your business exists in the state of Wyoming, which is why this document is sometimes referred to as a Certificate of Existence. Second, this document shows that you've complied with all business regulations in the state.
For your Wyoming business to be in good standing, you must meet several requirements:
- Register your foreign or domestic entity with the state.
- Correctly file your annual report.
- Pay your taxes and any fees required by the state.
Assuming you have met these requirements, you can download your Certificate of Good Standing from the Wyoming Secretary of State's website free of charge. If you prefer to receive your Certificate of Good Standing by mail, however, you can request a paper filing. This will cost you $10, and you will need to wait a week before you receive your certificate. Ordering your Certificate of Good Standing online is considerably quicker and easier.
Common Questions About the Wyoming Certificate of Good Standing
The most common question people have about a Wyoming Certificate of Good Standing is whether they actually need this document. The short answer is yes, it's very important that you earn a Certificate of Good Standing by complying with the requirements in Wyoming.
Having a Certificate of Good Standing on hand is the simplest way to prove that your company exists. This document also allows you to accomplish several important business goals. For instance, if you decide you need to register your business in another state, you may be required to show your Certificate of Good Standing before this registration can take place.
You should be aware, however, that a Certificate of Good Standing only shows that your business exists and that you were in compliance with state requirements when the certificate was issued. This document does not show that your business acts morally or that it is financially solvent.
Your certificate is only related to the filing status of your business and demonstrates whether you've paid the necessary registration fees. If you want to do business in states other than Wyoming, you absolutely need a Certificate of Good Standing. When you decide to expand your business into other states, you will need to present your certificate to the Secretary of State in every state where you intend to register.
When you order a Certificate of Good Standing, only the name of your business will be listed on the document. Contact information for the members of your company will not be included.
You may obtain your Certificate of Good Standing via several convenient options. Obviously, the simplest solution is ordering the document online and then printing it yourself. There are, however, several other ways you can obtain your certificate:
- By mail.
- In person.
- By email.
- Via fax.
If you choose an option other than ordering online, you should be aware that you will need to pay a fee and that there is no option for expedited processing.
The main use of a Certificate of Good Standing is to prove the existence of your company. However, this certificate also sets forth several different pieces of information. For example, this document proves that your business has been incorporated and that you are legally allowed to operate in the state of Wyoming.
Your Certificate of Good Standing also demonstrates that you've filed your most recent annual report and that you have not filed Articles of Dissolution. Finally, this document shows you've made payments required of your business, including:
You should be aware that ordering a Certificate of Good Standing will not always result in you receiving this document. For example, if your business isn't actually in good standing, you will receive a document that shows your business exists but that it is considered in default. If you receive this document, you will need to work to put your company in good standing before the state will issue your certificate.
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