Louisiana Certificate of Good Standing for a Domestic LLC or Corporation
A Louisiana Certificate of Good Standing for a domestic LLC or a domestic corporation may include the following information:
- Entity name
- Entity type
- Formation or incorporation date
- Period of duration (if less than perpetual)
- That the entity has paid all fees due to the Louisiana Secretary of State
- That the entity is in good standing and is authorized to do business in Louisiana
- That the entity is not dissolved
Louisiana Certificate of Good Standing for a Foreign LLC or Corporation
In Louisiana, a good standing certificate for a foreign LLC or foreign corporation may include the following information:
- Entity name being used in Louisiana
- Entity type
- State of organization (domestic state)
- Foreign qualification date
- That the entity has paid all fees due to the Louisiana Secretary of State
- That the entity is in good standing and is authorized to do business in Louisiana
- That the foreign entity has not terminated its registration with the state
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What is a Louisiana Certificate of Good Standing?
A Louisiana Certificate of Good Standing is a certified document from the Secretary of State that confirms the existence of a business entity and that the entity is in compliance with state requirements, such as filing an annual report and paying any necessary taxes and fees.
This document may also be referred to as a “certificate of existence” or “certificate of status”.
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Why is “good standing” important for your business?
Being in good standing allows a corporation or LLC in Louisiana to maintain the rights and privileges of doing business as that statutory entity. A company may need a good standing certificate when expanding to other states and may be required to submit proof of good standing for financing, business transactions, and licensing.
Louisiana prohibits domestic and foreign entities that are not in good standing to engage in commercial business operations with the state. Loss of good standing can also lead to fines, the inability to file a lawsuit, the inability to do business in other states, and the administrative dissolution or termination of a business.
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When do you need a Louisiana Certificate of Good Standing?A Louisiana Certificate of Good Standing is required when a business is expanding to another state (otherwise known as a foreign qualification) and needs to register in that state as a foreign corporation or LLC. In addition, lenders, investors, and vendors often require a Certificate of Good Standing before doing business with a company. You may need to submit this certificate to obtain licensure. You may also need a Certificate of Good Standing for other business transactions, such as a merger or acquisition.
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How do I obtain a Louisiana Certificate of Good Standing?
You can order a Louisiana Certificate of Good Standing online today from CT Corporation or contact us for additional information.