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What is Certificate of Good Standing ?
A Certificate Of Good Standing, also known as Certificate Of Existence, Certificate Of Authorization, and Certificate Of Status, is the official document issued to you via your secretary of the state office to validate and verify your business is compliant within the state of incorporation and hence referred to as Good Standing. Like any other officially authorized document such as driver licenses or Identification cards, this document is proof of your LLC or Incorporation being officially registered and authorized by the state to operate.
Why Do I Need Certificate of Good Standing?
The most common reason for needing a Certificate of Good Standing is to take a loan or renew your business license or filing business taxes. Apart from these common things, under other certain situations, you will need your Certificate as an official documented proof that your LLC or Corporation is approved by state laws. Those other reasons include Foreign Qualifications, dealing with investors etc. or maybe looking to sell your company.
Is Certificate of Good Standing Necessary?
This Certificate helps you prove that you are running a law-abiding business and are a law-abiding owner enhancing your trustworthiness and credibility in front of potential buyers and investors. It is considered necessary and beneficial in keeping up a good reputation and for future expansions.
How Can I Get Certificate of Good Standing?
Once you've formed your LLC or Incorporation, you'll need to keep your business up to date in filing all necessary paperwork including the Annual Reports, Biennial fees paid to the state, and other taxes. Once you have all these necessities in order, you can file Certificate of Good Standing under the appropriate form, or an easier method is having Bizncorp do it for you! Contact our customer support to have our professionals handle the paperwork for you.
How Long is Certificate of Good Standing Valid?
Under most common circumstances, Certificate of Good Standing are valid according to the determined time period identified by the organization that requests for it. However, the requesting organization will require for the document to be less than 30 days old.
What Happens if My Business Entity is not Under Good Standing?
The process of reinstatement is conducted if an entity's certificate is not in Good Standing. Bizncorp will contact you and provide details of the LLC or Corporation in terms of its status and provide assistance in bringing the entity back to Good Standing.
Help File My Certificate of Good Standing
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The business entity must be registered as a legal entity with the secretary of state in order to get a Good Standing Certificate. It also cannot be in violation of corporate regulations, suspended, or revoked by the state.
Certificate of Good Standing
Frequently Asked Questions
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Business Formation
We set up LLC businesses, S-Corp and C-Corp business as well as all necessary documentation on the backend of your business!
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Testimonials
what clients say about
our services
Elizabeth Quincy
“I appreciated the swift responses and vigilancy in meeting all my needs. I tend to assert my control too much, even when I overwork myself. I wasn’t sure about allowing someone to do the work for me, but reaching out to your services was a big help! I am very grateful to have gone through with the decision!”
Max Anderson
“I didn’t have much information on starting a business or how to do it. I knew I would need a lot of help and an ‘all hands on deck’ situation. I couldn’t be more satisfied with the whole procedure and professionalism in helping me set up my business and get it running!”
Sofia Duskin
“I started my business out of pure passion. I wanted to see it through to the end. I am thankful of the commitments made in helping me work through my troubles. The staff I connected with through this platform really encouraged me to keep going and are a huge part of why my business is still successfully going on.”
Nick Lopez
“The instructions to the simplicity of the webpage were really useful. I easily navigated through to the services I needed. It was a good experience!”
Amelia Thompson
“Brilliant service! Valuable guidance! These people know what they’re doing and they know exactly how to do it.”
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