sep 18 2010

Certificates of Good Standing

Fidelitas7 @ 18:01

Certificates of Good Standing

Many companies that do business with you will request a “Certificate of Good Standing” to ensure that you are running your business by the rules and regulations as required by law. This formality protects the entire business community. Read more below, or contact us now and we’ll begin the certificate paperwork for you.

Certificate of Good Standing for your Business

A Certificate of Good Standing, also known as ,in the US, a “Certificate of Existence” or “Certificate of Status”, is a certificate issued by a registry (Companys House in the UK) or state official as evidence that your cormpany is in existence, and is authorized to transact business within that state.

Examples of situations in which a Certificate of Good Standing may be required include:

  • To obtain financing
  • To sell a business
  • To renew a license or licenses
  • To enter into many business transactions and contracts
  • To ensure that the local authority has received all fees, taxes and any penalties owed
  • To open a bank account