What does “good standing” mean for a business?
Good standing generally means a state considers an entity current with specified statutory obligations, such as required reports, fees, and registered-agent requirements. The exact criteria vary by state.
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.