A Certificate of Good Standing, also sometimes called a “Certificate of Existence” or "Certificate of Authorization," is a state-issued document that shows you have met the requirements needed to do business in that state.
Show you have met all requirements including paying state fees & filing your annual report.
Often required to update the business permits & licenses needed to conduct business in your state.
A Certificate of Good Standing is often required as evidence to secure financing or sell your business.
A good standing certificate — also called a “Certificate of Existence” or a “Certificate of Authorization” — is a snapshot of your compliance with the state.
This state-issued document proves that your LLC or Corporation has met all the necessary requirements and is authorized to do business in that state. Those requirements include paying state fees, filing your annual report and paying business or franchise taxes.
You will most likely need a Certificate of Good Standing a few times throughout the life of the business in order to meet state requirements, renew business licenses or permits, secure financing, and eventually exit or sell your business.
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