5 benefits of a Good Standing Certificate For a Business
Also known as a certificate of Existence or Certificate of Authorization, a good standing certificate is a legal document issued by the state which affirms that your business has met and fulfilled all statutory requirements and can operate in the state legally. Such a certificate is issued after the company has paid all essential state fees, turned in its annual reports, and made all-important tax payments. Many companies need a Certificate of Good standing as part of their records. However, it is often part of the state requirements as well. The certificate is needed, especially if you need lenders for…