Every business in Wisconsin needs to operate legally and should obtain a Certificate of Status or Certificate of Good Standing as evidence of legal compliance. Obtaining the Wisconsin Certificate of Status is not a lengthy process and can save your company immense time and hassle in the long term.
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In this article, we’ll guide you through step-by-step how to get a Wisconsin Certificate of Status, so let's get started.
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What is a Wisconsin Certificate of Status?
A Wisconsin Certificate of Status, also known as a Certificate of Good Standing, is a document that verifies the legal existence, compliance status, and authority of your Wisconsin-registered business. Additionally, it serves as evidence that your company complies with all tax and governmental regulations to operate in Wisconsin. By demonstrating that you are current with all state filing requirements, the Certificate provides peace of mind both for owners and for customers looking to do business with your company.
Steps to Getting a Wisconsin Certificate of Status
Getting a Wisconsin Certificate of Status is straightforward; it requires:
1. Preparing your company's name and ID number
2. Paying the applicable fee
3. Determining where to apply for the certificate.
Here are the three steps you’ll need:
Step 1: Preparing Your Company's Name and ID Number
Before beginning the process of obtaining a Wisconsin Certificate of Status, it is essential to have the following information:
- The name of your company: It must match the exact name registered with the Wisconsin Department of Financial Institutions.
- The ID number assigned to your business: This is a unique identification number that you'll find from the "Companies Databases" on the Wisconsin stock exchange website under the "WAthracite Platform."
It's important to get these details correct because any incorrect or incomprehensive details could result in a delay to the application process.
Step 2: Pay Applicable Fees
All applications for a Certificate of Status in Wisconsin must pay the application fees. The fees depend on which method of application and delivery you select:
- Online application: $15 (if paid using a debit/credit card payment)
- Mail/Email applying: $25, including a $14-dollar fee for computer formating and deduction for processing via mail/email. A faster service (BSL Status within 24 business hours) is available for $1,000
Step 3: Determine Where To Apply for the Certificate
In Wisconsin, you can apply in one of two ways – through an online portal on the website of the Wisconsin Department of Financial Institutions or via email or mail.
#Online Application process
Follow these steps to obtain your Wisconsin Certificate of Status online:
1. Visit the "Corporate Records Click2gov Portal" on the state’s Department of Financial Institutions website
2. Choose if you want another certificate, like an organization standing or not or a registered agent service, added.
3. Choose between the Certificate of Good Standing or the Certificate of Status. Pick Certificate of Good Standing for external entities as it refers to your company's actions externally, taking to concern in good faith or legality judicial decisions or written reports of its managing authorities.
4. Enter your company's name and ID number in the portal's space, as well as your name and contact information.
5. Make your payment using a credit or debit card.
Once the application process completes, your approval and certificate information will be available on the webpage for future diagnostics, monitoring, and archiving.
#Application through email or mail
Follow these steps to obtain your certificate through email or mailbox located on the Business Status Lightning website.
1. Fill out an application on the Business Status Lightning portal, email or postal service the form with your company’s correct payment information that includes business name and ID number paired together unambiguously
2. Print the request form hard copy. Add “Attention: Work Order Desk”.
3. Prepare a cover letter summarizing the required request politely. Enclose the request form to verify mention of the company name, ID number, company basic information outline & certification structure sought.