Frequently Asked Questions
Good Standing Certificate FAQs
Why is my company not in good standing?
How do I know if my company is not in good standing?
What is a Certificate RE: Name Change?
If the name of a company has been changed, many states will provide a certificate that references both the old and the new name of the company. This is sometimes requested as a supporting document for the amendment filing in foreign registration states.
Can CorpCo obtain a Good Standing for a company that was not incorporated/registered by CorpCo?
How long does it take to obtain a Certificate of Good Standing?
What is a certificate of fact?
Why might I need a good standing certificate?
- Foreign Qualification – Many states will require a good standing certificate from the state of incorporation as a supporting document when filing the qualification.
- Loan Approval – A good standing certificate may be required by a lending bank in order to complete a loan transaction with an incorporated business.
- Real Estate Settlement – A good standing certificate is usually required in relation to any real estate purchase made by an incorporated business.
- Contracts/Agreements – Some contracts/agreements between the company and another business or with a government agency may require a certificate of good standing from each business entering into the contract/agreement.