Which States Require a Certificate of Good Standing?

A certificate of good standing is a record provided by the state government confirming that a business entity is in compliance with all legal requirements to conduct business in that state and is in good standing. It is often referred to as a certificate of existence or an authorization certificate. Even while not all states demand one, a certificate of good standing is nevertheless crucial to acquire, particularly if you intend to conduct business in several states. State Requirements for a Certificate of Good Standing

The granting of a certificate of good standing is governed by the laws of each state. In most circumstances, a certificate of good standing is only required in states where the company organization is registered. However, a certificate of good standing from another state where the business entity has done business may also be required by some states.

– Alabama

– Alaska

– Arizona

– Arkansas

– California

– Colorado

– Connecticut

– Delaware

– Florida

– Georgia

– Hawaii

– Idaho

– Illinois

– Indiana

– Iowa

– Kansas

– Kentucky

– Louisiana

– Maine

– Maryland

– Massachusetts

– Michigan

– Minnesota

– Mississippi

– Missouri

– Nebraska

– Nevada

– Are there certificates of good standing for limited partnerships?

In the same way as other business entities are required to have one, limited partnerships must possess a certificate of good standing. The certificate, however, will indicate that the company is a limited partnership and not a corporation or LLC.

The present standing of a corporate entity’s certificate of good standing is referred to as certificate status. It shows whether or not the company is in good standing. A business entity that is in good standing has complied with all prerequisite legal criteria to conduct business in a state, as opposed to a business firm that is not in good standing.

You can visit the Illinois Secretary of State website and perform a search for your LLC to find out its current status. Your LLC’s current status—which can be active, dissolved, or revoked—will be displayed on the website. You will need to take the required actions to get your LLC back into compliance if it is not in good standing.

You must submit an annual report to the Illinois Secretary of State in order to renew your LLC there. Your LLC’s name, address, and registered agent are included in the annual report, which must be submitted online. The annual report filing fee is $75. Your LLC could be terminated or revoked if you don’t submit the annual report, and you might have to take further action to get it back into compliance.