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Michigan Domestic Entity Certificate of Good Standing
A Michigan Certificate of Good Standing for a domestic entity includes the following information:
- LLCs: A Michigan Certificate of Good Standing for an LLC certifies the formation date of the LLC; that the LLC has satisfied its annual filing obligation; and that the entity is in good standing.
- Corporations: A Michigan Certificate of Good Standing issued for a corporation confirms the entity’s date of incorporation; that the corporation has satisfied its annual filing obligation; and that the corporation is in good standing.
Michigan Foreign Entity Certificate of Good Standing
A Michigan Certificate of Good Standing for a foreign entity includes the following information:
- Entity name
- State of organization (formation state)
- Statement that the entity holds a valid certificate of authority
- Date of registration
- Statement that the entity is in good standing
Michigan Certificate of Good Standing FAQs
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What does it mean to have a corporation or LLC not in good standing in Michigan?
A domestic corporation in Michigan that has lost good standing can be automatically dissolved by the state.
A domestic LLC that is not in good standing is not entitled to issuance by the administrator of a certificate of good standing, and the name of the LLC may be made available for use by another company.
A foreign corporation or LLC can have its certificate of authority revoked.
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What is a Michigan Certificate of Good Standing?
A Michigan Certificate of Good Standing is a document confirming that an entity is authorized to do business in Michigan and that the entity has maintained compliance with the state’s business requirements, such as filing annual reports and paying Michigan Business Tax or MBT. The Department of Licensing and Regulatory Affairs (LARA) is in charge of issuing Michigan Certificates of Good Standing.
A Certificate of Good Standing may be also called a “certificate of existence”, “certificate of authorization”, and “standing certificate”.
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Why is “good standing” important for your Michigan business?Being in good standing allows a corporation, LLC, or other statutory entity in Michigan to maintain the rights and privileges of doing business as that statutory entity. Good standing certificates are required when expanding to other states and may be required for financing, business transactions, and licensing. The consequences of losing good standing can include fines, the inability to file a lawsuit, the inability to do business in other states, and the administrative dissolution of your business.
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When do you need a Michigan Certificate of Good Standing?A Michigan Certificate of Good Standing is required when your business expands 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. Depending on the type of business, you may need to submit the equivalent of a Certificate of Good Standing 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 Michigan Certificate of Good Standing?You can order a Michigan Certificate of Good Standing online 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.