Certificate of Good Standing
Quickly Obtain a Certificate of Existence or Good Standing
- Order online and get started in minutes
- Fast processing. Shop expedited options online.
- Starting at $85 plus state fees
Retrieve a Certificate of Good Standing Without Delay
Whether you're opening a bank account, entering into a new contract, securing a license, or expanding into another state, you may be required to provide official proof that your organization is in good standing. Sometimes called a certificate of status, a certificate of existence, or a certificate of fact, a certificate of good standing satisfies this requirement for many routine needs.
Conveniently receive proof of your organization's good standing with Labyrinth, Inc's certificate of good standing retrieval service. Web-based ordering allows you to select the retrieval speed of the documents. Don't waste time navigating state websites. Allow Labyrinth, Inc. to retrieve your certificate for you.
How Certificate of Good Standing Service Works
Labyrinth can obtain certificates from any jurisdiction where you operate.
- You sign up for our service online.
- We verify your organization's good standing with the state, request the necessary certificates, and expedite your order as requested.
- We return the certificate to you promptly upon receipt from the state.
Answers to Frequently Asked Questions
What is Good Standing?
As soon as an organization has satisfied all registration requirements in a given state, it receives an official designation of "good standing" in the state's public records. The organization can lose good standing for various reasons, varying by state. In general, the issues of noncompliance that can cause loss of good standing are:
- Failure to file an annual report and pay the associated fee
- Failure to renew a state-required license or state charitable registration
- Failure to file or pay taxes, especially franchise tax
What is a Certificate of Good Standing?
A Certificate of Good Standing (also called a Certificate of Status, a Certificate of Existence, or a Certificate of Fact) is a document issued by a state's corporations division evidencing that your organization is authorized to conduct operations in the state.
You can present the certificate to banks, vendors, licensing agencies, and other stakeholders to prove that your organization has satisfied all the requirements for good standing. Having a designation of good standing typically means that your organization has:
- Registered the organization with the state.
- Filed required annual reports.
- Paid franchise taxes and other filing fees due.
Maintaining good standing is critical. It allows you to conduct operations and fundraising activities legally.
Why Do We Need a Certificate of Good Standing?
Certain transactions require a formal demonstration of your organization's good standing. A few examples of when a certificate of good standing is needed:
- Registering your organization in another state (also called foreign qualification or obtaining a certificate of authority)
- Obtaining or renewing licenses
- Opening a bank account, obtaining a business loan or line of credit, or as part of other financial transactions
Finally, some organizations prefer to regularly request certificates of good standings for their records, as it provides historical evidence that the organization was in good standing at a point in time.
Why is Good Standing Important?
Good standing is the designation by a state that your organization is authorized to transact business there. Maintaining good standing is critical as it shows compliance with state law.
Without good standing, your business may face penalties from the state (fines and even dissolution), lose contracts, be unable to open a bank account or obtain a loan, or apply for or renew licenses to operate. What's worse, loss of good standing can result in loss of limited liability protection.
If your business is trying to restore compliance, please contact us to purchase a reinstatement service.
Comprehensive Support for Your Compliance Needs
Gain peace of mind and return to your mission-driven work. Leverage our comprehensive compliance services today.
Raising funds in multiple states? Rely on us to manage your charity registrations. |
Registering to operate in a new state? Turn to us to manage your foreign qualification project. |
Tracking annual report deadlines? Allow us to track, prepare, and file your annual reports. |
Quickly Obtain a Certificate of Existence or Good Standing
- Order online and get started in minutes
- Enter information once and skip the paperwork
- Starting at $85 plus state fees
Ready to get started?
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