What Is a Certificate of Good Standing in Virginia?
A Certificate of Good Standing (or Certificate of Fact of Existence) is a one-page document issued by the Clerk’s Office of the Virginia State Corporation Commission (SCC). It includes and verifies several vital pieces of information relating to a given business, such as its date of registration and a statement of the organization’s status in good standing. The Certificate of Good Standing also includes the seal of the State Corporation Commission, the signature of the Clerk, and the date the document was printed.
Certificates of Good Standing are often used in business-to-business transactions in Virginia to prove that one or more involved companies are recognized as existing in accordance with state law.