Reinstatement commonly requires identifying and correcting the compliance issue, submitting delinquent reports or filings, paying applicable fees or taxes, and filing a reinstatement application where required.

Swyft Filings' EIN service is intended to help customers prepare and submit the information needed for the EIN request. The EIN identifies the business for federal tax and administrative purposes; it does not replace the state formation filing, a business license, or nonprofit tax-exempt recognition. The business should keep its EIN confirmation with its permanent records because banks, payroll providers, tax professionals, and licensing agencies may request it.

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.