How Do I Check the Status of My LLC? (Simple Guide)
Checking on the status of an LLC may seem like a simple task. But it's more intricate than asking your company's secretary for information.
With a thorough understanding of the process, I embarked on extensive research to create this 2023 guide on checking the status of an LLC.
Drawing upon my years of experience as a business consultant, I delved into various sources and consulted legal experts to provide you with a comprehensive and reliable resource.
In this article, I’ll go through the essential steps and resources you need to know to check the status of your LLC effectively.
- To check the status of an LLC, one should consult the official business registry database, request a Certificate of Good Standing, and understand the benefits of maintaining a "Good Standing" status.
- LLC status provides insights into the company's history, its members, and any pending filings or requirements.
- Businesses with a "Good Standing" status have better credibility, can access more financing options, and are more attractive to top talent.
- In the digital age, leveraging online tools and platforms for LLC management is not just a convenience but a necessity for businesses to stay compliant and competitive.
How Can I Know My LLC Status?
You can check your LLC status by contacting the secretary of state where your LLC was created and seeking legal services from a credible law firm.
Some states provide online account tracking to check the status, but there are plenty of others that only allow you to track everything after you send them a request for this information.
Here are ways you can check LLC status:
1. Consult the Official Business Registry Database
You can access an LLC's status by calling or sending a letter to the Secretary of State. Most companies only allow you to do this after you submit a request for the information and a fee.
You can also request account tracking by emailing or lettering the state's office. However, this state office process may take time, and some states ask for fees whenever you request information.
Call the state's office and ask to speak to a representative to help track down this information.
2. Request Certificate Of Good Standing
If you want further information on your LLC's business history, request a Certificate of Good Standing .
This is issued by the secretary of state where your LLC was created. It states that your LLC is in better standing, meaning it has no pending filings or issues that will affect its status as an official business entity.
You can request this certificate by sending a letter or email to the Secretary of State or the registered office's address.
3. Regain Good Standing For An LLC
If your LLC is in good standing as per the state regulations but has been inactive for three consecutive years, it will be considered as being revoked.
Send legal documents via registered mail to your Secretary of State and request to reinstate your status.
It also applies if you have filed a Notice of Dissolution and your LLC has been revoked for at least three years.
What is an LLC Status?
LLC status refers to the background of your LLC. You can check on your LLC's history, its members, and whether or not there are any pending filings you need to make about your LLC.
Benefits Of A “Good Standing” Status For An LLC
Here are the benefits of a “Good Standing” status of your LLC:
- Credibility and trustworthiness to enhance your business's reputation among clients, limited liability partnerships, and investors
- Legal or liability protection by maintaining limited liability, safeguarding your personal assets from business-related liabilities
- Accessing financing options, as lenders and financial institutions often prefer working with limited liability companies in good standing
- Attract top talent by signaling stability and professionalism
- Lastly, maintaining a "good standing" status enables your LLC to operate smoothly, avoiding potential penalties, legal complications, or dissolution
Keeping your LLC compliant with state requirements and regulations is essential for long-term success and growth.
Disadvantages of Having a “Revoked” or “Dissolved” LLC Status
Your LLC will have a “revoked” or “dissolved” limited liability status if it fails to pay certain fees on time.
If you are dealing with LLCs or limited partnerships that have a revoked or dissolved status, you will not be able to do the following:
- Represent your company in any legal disputes.
- Apply for business permits and licenses.
- Perform small business loans.
If you plan on selling anything associated with your LLC's entity name, remember that this can jeopardize your business' credibility if its status is revoked or dissolved.
Remember to seek legal services or advice from an attorney or law firm.
Digital Solutions for LLC Management: A New Age Approach
I remember the days when managing the status of an LLC was a tedious task, involving piles of paperwork and endless waiting times. But now, in this digital era, I've found it so much easier and efficient, all thanks to the various online tools and platforms available.
These digital solutions simplify the process of checking the current standing of an LLC and assist in maintaining its good standing.
Here's a closer look at how these platforms are revolutionizing the way businesses manage their LLCs:
Online State Portals
Many states in the U.S. have developed online portals that allow businesses to check the status of their LLCs instantly. These portals often provide real-time updates, ensuring that businesses have access to the most recent information about their LLC.
Automated Alerts and Reminders
Some digital platforms offer automated alert systems that notify businesses about upcoming filing deadlines, ensuring that they remain compliant and avoid potential fines.
Document Management and Storage
Digital tools often come with cloud storage solutions, allowing businesses to store, manage, and retrieve essential LLC documents with ease. This not only ensures that documents are safe and secure but also makes them easily accessible when needed.
Modern digital platforms prioritize user experience, ensuring that even those unfamiliar with the intricacies of LLC management can navigate and use the tools with ease.
By leveraging these digital solutions, businesses can ensure that their LLC remains in good standing, while also benefiting from the convenience and efficiency that these platforms offer.
How Much Does It Cost to Check Up on an LLC Status?
It costs $50 to $100 to check up on an LLC status. The fees for registering a limited liability company will depend on the state where you registered your business.
To ensure accurate and legitimate information about the LLC's current status, consult the official website of the state's Secretary of State.
How Long Does It Take To Receive the Updated Status of My LLC?
It typically takes seven to ten business days to receive the updated status of your LLC. The necessary paperwork and legal processes are completed during this period to finalize the status change.
The timeframe for receiving the updated status of your LLC depends on the jurisdiction and the specific filing requirements.