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A certificate of good standing is issued by the state of incorporation,
from the Department of State. What it says is that your corporation is in good
Standing, in other words, if there's a franchise tax, an annual report to be
filed with the corporation, it's been filed and the taxes have been paid and it’s current.
For a corporation its filed its annual report for an LLC it’s paid its annual fee.
If it is not, it’s at risk of losing its corporate charter,
and perhaps a corporate charter’s already been revoked, at which point it cannot enter
into business transactions,
and they cannot entered into lawsuits. So typically
before you enter into transactions with banks or other
business partners, people you're doing business with will want to know
whether your company’s in good standing. At IncNow we're more than happy
provide you with the Certificate of Good Standing
and we can do the time of incorporation or we can do it subsequently
at your request.