What Does Status in Existence Mean?

Certificate of Existence in Oregon

A certificate of existence in Oregon verifies a business is legally registered and permitted to operate. Potential creditors or investors might request it when applying for financing. It does not need to operate a business; it simply confirms status to third parties. Banks or creditors might request it when applying for a loan to confirm no outstanding issues. The Oregon Secretary of State issues certificates, and businesses must comply with regulations to qualify. The filing cost is $10, and anyone can apply for a certificate showing registration and fee payment.

Forfeited Existence in Texas

"In Oregon, a certificate verifies a business legally exists. Potential creditors or investors might request it when applying for financing. You do not need it to do business; it simply verifies status to third parties. Banks or creditors might request it when applying for a loan, to confirm no outstanding issues. The Oregon Secretary of State issues certificates. To qualify, a business must comply with regulations. The filing cost is $10. Anyone can apply for a certificate showing registration and fee payment."

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