Oregon Business Registry Certificate of Formation Brock Reid, June 17, 2023June 17, 2023 The Oregon Business Registry Certificate of Formation is a crucial document for any business looking to establish itself in the state. Table of Contents Toggle Requesting an Oregon CertificateCost and Process Time for Oregon CertificatesUnderstanding an Oregon Certificate of Good StandingObtaining an Oregon Certificate of Good Standing Requesting an Oregon Certificate To request an Oregon Certificate of Good Standing, you’ll need to submit a request to the Oregon Secretary of State’s office. The certificate verifies the existence and standing of your business in the state of Oregon. You can request the certificate by mail, in person, or online through the Oregon Business Registry. The processing time varies based on the type of certificate you need and the method of request. Fees may also vary depending on the type of entity and certificate request. Keep in mind that obtaining a certificate of good standing may be a requirement for certain business transactions, such as opening a bank account or entering into agreements with other businesses. Cost and Process Time for Oregon Certificates Type of Certificate Cost Process Time Online filing of Certificate of Formation $100 1-2 business days Online filing of Certificate of Amendment $100 1-2 business days Online filing of Certificate of Dissolution $100 1-2 business days Hard copy filing of Certificate of Formation $100 7-10 business days Hard copy filing of Certificate of Amendment $100 7-10 business days Hard copy filing of Certificate of Dissolution $100 7-10 business days Understanding an Oregon Certificate of Good Standing An Oregon Certificate of Good Standing (CGS) is proof that a business is in compliance with the state’s requirements and is authorized to conduct business transactions. The CGS confirms the existence of a business entity, whether it be an LLC or other entity type. To obtain a CGS, a certificate request must be submitted to the Secretary of State (SOS) either by mail, person, or online. The fees for CGS processing and mailing vary depending on the type of certificate needed and the processing method chosen. There are different certificate types available, such as the CGS for a single member LLC or for a merger. The processing times and waiting times may vary depending on the certificate type and the application process. Some entities may require a CGS for risk management purposes, while others may need it for agreements with banks or other business accounts. Copy requests can be made by mail, person, fax, or counter service. Additionally, a CGS can be authenticated with an apostille certificate for use outside the country or for offshore business transactions. ZenBusiness provides a Good Standing Certificate service that can help simplify the process of obtaining a CGS and provide a template for an LLC operating agreement. Obtaining an Oregon Certificate of Good Standing Obtaining an Oregon Certificate of Good Standing What is a Certificate of Good Standing? A Certificate of Good Standing is a document that shows that your business is in compliance with state regulations and has paid all necessary fees and taxes. Why do I need a Certificate of Good Standing? A Certificate of Good Standing is often required when you are applying for loans, opening a bank account, or entering into contracts with other businesses. It shows that your business is legally authorized to conduct business in the state of Oregon. How do I obtain a Certificate of Good Standing? To obtain a Certificate of Good Standing, you must submit a request to the Oregon Business Registry. You can do this online or by mail. You will need to provide your business name, entity type, and identification number, as well as pay a fee. How long does it take to get a Certificate of Good Standing? It typically takes 1-2 business days for the Oregon Business Registry to process your request and issue your Certificate of Good Standing. If you need it more quickly, you can pay an additional fee for expedited processing. What if my business is not in good standing? If your business is not in good standing, you will need to take steps to bring it into compliance before you can obtain a Certificate of Good Standing. This may include paying outstanding fees or taxes, filing necessary paperwork, or resolving any legal disputes. Brock ReidWas this article helpful?YesNo LLC Formation Requirements