What Is a Certificate of Good Standing and Why Do You Need It?

While not always required, a certificate of good standing helps customers know that your business is legitimate. It verifies that you are registered in your state, compliant with regulations, and paying taxes. It will indicate to your customers that you are dependable. Issued by your secretary of state, this document will also be helpful when you need to take major shifts in your business. That includes applying for a loan, foreight qualification, permits, licences and selling your business. To receive a certificate of good standing, first create and register your business. Then reach out to your secretary of state for the certificate’s application. Read less