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Maine Domestic Entity Certificate of Good Standing (Existence)
In Maine, a Certificate of Good Standing for a domestic LLC, corporation, or other statutory entity is referred to as a Certificate of Existence. This official document typically includes the following information:
- Entity name
- Entity type (ex. LLC, corporation)
- Formation or incorporation date
- That all fees and penalties owed to the state of Maine have been paid in full
- That the most recent annual report has been filed
- Confirmation of the legal existence of the entity and that it is in good standing
Maine Foreign Entity Certificate of Good Standing (Qualification)
A Certificate of Good Standing in Maine for a foreign LLC, corporation, or other statutory entity is referred to as a Certificate of Qualification. This official document typically includes the following information:- Entity name
- Entity type (ex. LLC, corporation)
- State of organization (domestic state)
- Foreign qualification date
- That the most recent annual report has been filed
- That no action is pending to forfeit the authority to transact business in the State of Maine.
- Confirmation of the legal existence of the entity and that it is in good standing
Maine Certificate of Good Standing FAQs
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What is a Maine Certificate of Good Standing (Existence/Qualification)?
A Certificate of Good Standing is an official document certifying the existence of an entity and that it is in compliance with state requirements, such as filing the most recent annual report and paying any necessary taxes and fees. In Maine, this document is called a Certificate of Existence for a domestic entity. For a foreign entity doing business in the state, this document is called a Certificate of Qualification.
The Department of the Secretary of State for the State of Maine is responsible for issuing Certificates of Existence and Qualification.
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Why is “good standing” important for your business?Being in good standing allows a corporation or LLC in Maine 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. Consequences for loss of good standing status can include 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 Maine Certificate of Good Standing (Existence/Qualification)?
A Maine Certificate of Good Standing is required when a business is looking to expand 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 Maine Certificate of Good Standing (Existence/Qualification)?You can order a Maine Certificate of Good Standing (Existence/Qualification) today from CT Corporation or contact us for additional information.
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*State fees are mandatory fees imposed by the state. Price includes online discount automatically applied at checkout. Discount is for new customers only.