Keeping your business in Good Standing is an essential component of maintaining your business. But what does it mean to be in "Good Standing"? Simply put, this means that your business is up to date on state reports, fees, and business taxes. We'll go over how to check your business's status, what the different statuses mean, and what to do if your business isn't in good standing. We'll also cover how to order a Certificate of Good Standing for your business. In this video, we'll discuss:
0:00 - Introduction
0:32 - What does it mean for a business to be in "Good Standing"?
0:40 - How do I check if my business is in "Good Standing"?
0:57 - Business database should list status of your business
0:58 - What do the business statuses mean?
1:03 - Good Standing statuses: Active, in good standing
1:07 - Not in Good Standing statuses: Non-compliant, Delinquent
1:16 - What do I do if my business is not in Good Standing? Most states will display why you aren't in Good Standing with your status.
1:30 - What do I do if the reason my business isn't in Good Standing isn't listed? Call the state office where you registered your business.
1:39 - How do I order Certificate of Good Standing? Can order online in most states.
1:43 - What are other names for Certificate of Good Standing? Certificate of Status, Certificate of Existence.
1:53 - How to Check If Your Business is in Good Standing Summary/Recap
3:16 - Outro
We go more in-depth in our article on how to check if your business is in good standing:
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Annual Report Information:
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Register a Business in a New State:
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If you have a question, leave it in the comments. Remember, call Northwest when you want more.
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Not exactly the information you're looking for?
Check out these related articles from Northwest Registered Agent:
How to get a Certificate of Good Standing:
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How to Reinstate Your Corporation or LLC:
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Have more specific Corporation and business formation questions? Well, we have answers! (We may even use it for our next video!)
Get your Question Answered by a Corporate Guide:
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LEGAL DISCLAIMER
The information contained in this video is only for entertainment and educational purposes. If you require legal assistance, you should consult an appropriately licensed attorney. Viewing and commenting on this video or its contents does not create or establish an attorney-client relationship.