A certificate of good standing is a special state-issued certificate that shows a business is in good standing in that state. Another name for this certificate is a certificate of status. So, when you want to let other businesses know your business operation is legal and legitimate, you can provide them with a copy of your certificate of good standing.
Is a Certificate of Good Standing Mandatory for All Businesses?
Not all businesses will require a certificate of good standing to conduct business. It will mostly depend on the type of business (i.e., Sole Proprietorship, Partnership, LLC, or Corporation) and certain situations where another business entity may request one.
How to Get a Certificate of Good Standing
You have to register your business in your state before you can get a certificate of good standing. It is essential to remember that a certificate of good standing is not the same as your business license. Nor is it the same as a seller’s permit or wholesale certificate.
To learn more about certificates of good standing, we invite you to continue reviewing our infographic below. For help obtaining your certificate of status efficiently and easily, please feel free to apply for a certificate of good standing online at FastFilings today!