What is a certificate of good standing?

Bob Maloney, MSFS, AEP, MSFS, AEP

@napfabob 08/29/16

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A certificate of good standing is a document typically issued by the Secretary of State verifying that an existing corporation or LLC is completely up-to-date on their filings with the state as of the most current recording period. Banks will typically ask for this and as an LLC, I have to register this business in the state of New Hampshire each year and if someone were to inquire into my LLC, they would find out that I am "active" in the state and they would issue a certificate of good standing if requested to do so. Typically there could be a modest fee but it may well be worth it. Hope this helps and good luck

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