Certificate of Good Standing

There are various reasons you may need to get a Certificate of Good Standing – either for your own business or another. Some reasons include the following:

• To show you’re able to do business in a specific state
• Registering to conduct business out-of-state (Corporate Creations can assist with your foreign qualification)
• During certain business transactions such as mergers and acquisitions
• Taking care of licensing requirements
• Buying/selling a company
• Applying for a business loan or line or credit
• Handling tax matters (it’s important to remember you can still be “in good standing” yet owe taxes to the state)

You can get a Certificate of Good Standing by submitting a request to your Secretary of State’s office. However, if you’re registering your company in a new state or incorporating a business, a Good Standing Certificate is only one of a host of documents you’ll need to acquire. Therefore, many businesses opt for a third-party company like Corporate Creations, to help them obtain a Certificate of Good Standing and streamline all their document retrieval needs to ensure nothing is amiss.

The validity of a Good Standing Certificate varies by state but will usually be valid until your next required filing date. However, if a company is requesting evidence of your good standing in order to close a business transaction, they may require a certificate issued 30-90 days prior.

Yes. A Certificate of Good Standing is also known as a Certificate of Status or Certificate of Existence.