Certificates of Good Standing
Many companies that do business with you will request a "Certificate of Good Standing" to ensure that you are running your business by the rules and regulations as required by law. This formality protects the entire business community. Read more below, or click on "Order Now" and we'll begin the certificate paperwork for you.
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In Good Standing? If You Don't Know, Start Here...
- What is a Certificate of Good Standing?
- What types of transactions require a Certificate of Good Standing?
- When do I need a Certificate of Good Standing?
- How do I obtain proof that the Secretary of State has all of the necessary corporate fees and taxes of my corporation?
Q: What is a Certificate of Good Standing?
A: A Certificate of Good Standing (also known as "Certificate of Existence" or "Certificate of Status") is a certificate issued by a state official as conclusive evidence that a Corporation or Limited Liability Company (LLC) is in existence and is authorized to transact business within that state.
Q: What types of transactions require a Certificate of Good Standing?
A: Examples of situations in which you may require a Certificate of Good Standing include:
- To qualify/register as a foreign entity in a state other than your formation state
- To obtain financing
- To sell a business
- To renew a license or licenses
- To enter into many business transactions and contracts
Q: When do I need a Certificate of Good Standing?
A: A Certificate of Good Standing must be used by an entity needing to demonstrate that a corporation is in existence (in the case of a domestic corporation) or is authorized to transact business in the state (in the case of a foreign corporation). A Certificate of Good Standing may also be needed in the event that a corporation must certify that the state received all fees, taxes and penalties owed to it by the corporation or LLC and that no articles of dissolution have been filed in the state.
Q: How do I obtain proof that the Secretary of State has all of the necessary corporate fees and taxes of my corporation?
A: A Certificate of Good Standing may be used to certify that the state received all fees, taxes and penalties owed to it by the corporation and that no articles of dissolution have been filed in the state. A Certificate of Good Standing can serve as conclusive evidence to this effect.
