If you own a business, you’ve probably heard of FBN or DBA. These are abbreviations for “Fictitious Business Name” and “Doing Business As,” respectively, and they are frequently used in the business world. These phrases describe a company that trades under a name other than the owner’s legal name. FBN or DBA stands for doing business under a name that is not your legal name, to put it another way.
Unqualified Statement of Standing Contrarily, Virginia serves as proof that your company is in good standing with the government. It demonstrates that you have followed with all criteria essential to run your business in Virginia. You can require it while submitting an application for a certain license, permit, or contract. It’s a crucial document.
The Secretary of State’s office of the state issues a letter of good standing. It is proof that your company has made the required filings on time and has the relevant permissions to operate in the state. A letter of good standing is not always provided by states, which needs to be noted. If your state does issue one, though, you might require it when submitting an application for a particular license or contract.
You must get in touch with the Secretary of State office in your state to request a letter of good standing. You could be asked to submit certain business-related data, like your company’s name, address, and entity type. A fee could also be charged for the letter of good standing.
In conclusion, using an FBN or DBA is a technique to conduct business under a name other than your legal name. A Certificate of Good Standing from the Commonwealth of Virginia is proof that your company is in good standing with the government. The Secretary of State’s office of the state issues a letter of good standing that certifies your company’s right to conduct business there. You should get in touch with the Secretary of State’s office in your state if you require a letter confirming your good standing.