Certificate of Good Standing
Business · Reinvent NY glossary
A Certificate of Good Standing (also called Certificate of Existence or Certificate of Status) is a state-issued document confirming that a business entity is properly registered, has filed all required reports, and is current on fees and taxes. Required for various purposes: opening bank accounts, obtaining business licenses, bidding on contracts, registering in new states (foreign qualification), and certain visa applications. The certificate can be obtained from the Secretary of State's office, typically costing $10-$50 with same-day to 1-week processing.
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