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Official name for Certificate of Good Standing in Kentucky is ?Certificate of Existence?. Most states want to see a certificate of good standing (or its equivalent) before allowing a company to do business in that state as a ?foreign entity? (process called foreign qualification).
In Kentucky a Tax Status Compliance Certificate is called a Certificate of Good Standing and is issued by the Kentucky Department of Revenue for a Company (Corporation or LLC) or Sole Proprietor which has met all of its Kentucky tax obligations.
Involuntary/Administrative Dissolution ? The Secretary of State may administratively dissolve a business entity for non-compliance with various Kentucky business laws. An administratively dissolved business may not carry on any business except that necessary to wind up its affairs and liquidate its assets. KRS 14A.
Entities that are "inactive" are either in "good standing" or "bad standing." If an entity has "inactive status and bad standing," either the entity did not file an annual report for the year, or the registered agent has resigned and a new agent has not been appointed.
The filing fee for Articles of Dissolution is $40.00. Your check should be made payable to the "Kentucky State Treasurer."
???????To assist the Secretary of State in providing accurate information to the public, all entities conducting business in the Commonwealth of Kentucky are required to file annual reports with this office by June 30 of each year.
In most cases a Kentucky Certificate of Good Standing can be valid up to a year depending on the requirements of the Good Standing Certificate requester.
A certified copy of your Articles of Organization or Articles of Incorporation can be ordered by fax, mail, phone or in person, but we recommend faxing. Normal processing takes up to 3 days, plus additional time for mailing, and costs $5 certification fee, plus $5 for the first five pages and $. 50 per page thereafter.