Manage Your Business
Certificate of Good Standing
Are you registering your company to another state and in need of a Certificate of Good standing? Or do you need it for something else?
A Certificate of Good Standing (also known as a Certificate of Status, a Certificate of Existence, or a Certificate of Fact) demonstrates that your company has submitted all required reports and paid all required fees/taxes to the state, therefore verifying its existence in that state.
Issued by the state authorities, the document is evidence that your company is legally permitted to conduct business activities as a properly registered company within that particular state. However, it is important to note that the Certificate of Good Standing is not a business license, which is in fact required to be obtained in order to legally conduct business. Usually, a company can legally conduct business without obtaining a Certificate of Good Standing. A Certificate of Good Standing verifies that:
• The company exists in that state’s records.
• It is currently authorized to do business in that state.
• The company is current with all fees, taxes and other filings.
• Occasionally, the following institutions will require a Certificate of Good Standing:
• State authorities, especially for foreign qualification applications
• Local jurisdictions (for the renewal of licenses)
• Banks
• Potential investors
Please note that the Certificate of Good Standing is not for unlimited time. It usually expires when annual documents and fees are due. Moreover, each state requires different time of validity for foreign qualification.
Features Of A Certificate Of Good Standing
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A short form Certificate of Good Standing includes the name of the entity and the status at the time the certificate is issued. A long form Certificate of Good Standing states all documents that have been filed, including the dates and times and any name changes that occurred along with the status at the time the certificate is issued
Exclusive Solutions
Need a good standing certificate for a foreign qualification?
If you are in need of a Certificate of Good Standing for a registration in a different state, we can certainly help you in this regard too!
We provide comprehensive services from compliance, filing, need business set up, mailbox, bookkeeping and tax filing
Requirements
If a company is not in a good standing status, it is not possible to obtain the Certificate of Good Standing. To maintain or to be reinstated to good standing status, you must pay all due State fees and completed annual tax reports.