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Frequently Asked Questions
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What is a Certificate of Good Standing?A Certificate of Good Standing is a state-issued document that proves your business exists and has maintained compliance with all state requirements, such as filing annual reports and paying franchise taxes. Some states refer to this document as a “certificate of existence” or a “certificate of authorization”
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When do you need a Certificate of Good Standing?You'll need a Certificate of Good Standing when your business expands to another state (otherwise known as foreign qualification) or when you wish to obtain or renew certain types of financing, loans, or licenses, as in the case of a merger acquisition.
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Is a Certificate of Status the same as a Certificate of Good Standing?States such as Florida, California, and Texas issue a Certificate of Status. It is also commonly referred to as a Certificate of Good Standing. A Certificate of Status proves that your entity exists and is in compliance with all state requirements.
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Is a Standing Certificate the same as a Certificate of Good Standing?Some states, such as New Jersey, refer to a Certificate of Good Standing as a Standing Certificate. A Standing Certificate, issued by the state, proves that your entity exists and is in compliance with all state requirements.
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Is a Certificate of Substance the same as a Certificate of Good Standing?The document "Certificate of Substance" is used in some states as a document to prove your entity exists and is in compliance with all state requirements. It is also commonly referred to as a Certificate of Good Standing.
Resources
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ArticleComplianceMay 01, 2024
The consequences of losing good standing status for an LLC or corporation
Learn the importance of a business having good standing status, its consequences to your business if it's lost, how to protect your status, & proactively staying compliant. -
ArticleComplianceUpdated September 16, 2024
Registered agents and annual reports: Essential elements of good standing
Good standing can be lost by failing to maintain a registered agent or file annual reports, don't fall behind with CT Corporation. -
ArticleComplianceUpdated July 24, 2022
4 reasons to stay in good standing for business compliance
Maintaining a good standing status for your LLC or corporation with your formation state and all states in which you do business is critical to your business’ success. -
Solution DetailComplianceLegalIllinois Certificate of Good Standing
If you're looking to request an Illinois Certificate of Good Standing, CT is here to help. This is a vital document that proves your business exists and is in compliance with all state requirements.
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