Common requirements include maintaining a registered agent, submitting required reports, paying state fees or taxes, keeping required information current, and maintaining applicable licenses. Requirements vary by jurisdiction.

Good standing is a state-level status indicating that the entity is current with the requirements the state uses for that status. Depending on the jurisdiction, those requirements can include periodic reports, fees, taxes, and maintaining a registered agent. A certificate of good standing is an official state document used to confirm that status at a particular point in time.