What Is Certificate Of Good Standing And How To Obtain It.

What is Good Standing Certificate?



Certificate of Good Standing is a certificate issued by the Secretary of State's Office evidencing that a business (corporation, LLC, partnership, etc.) has complied with the applicable provisions of the laws of the state, is in good standing, and authorized to transact business or to conduct affairs within the state.



To obtain Good Standing Certificate your company must be:

• registered as a legal entity in your state,



• it cannot be in default of corporate rules or suspended by the state,



• must be current on all tax filings and obligations (certificate will be issued only if the taxpayer is in full compliance).

• opening bank account,



• completing an official business transaction or a contract,



• forming Foreign Entity in a different state,



• selling the business,



• to prove that a company has come back into compliance with the state of formation.

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