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Delinquent in their franchise tax “… may not be awarded a contract by the state or an agency of the state and may not be granted a permit or license by the state or an agency of the state.” You must submit proof of good standing with the Comptroller with all applications and renewals.
In Virginia, the Certificate of Good Standing has a slightly different name depending on which entity type it refers to. Corporations receive a “Certificate of Good Standing” while limited liability companies (LLCs) receive a “Certificate of Fact of Existence/Registration.”
After graduating from a law school approved by the American Bar Association with a doctor of jurisprudence degree, candidates must then take the bar examination – a comprehensive test of knowledge in many areas of law. After passing this test, the person is licensed to practice law.
Certificate of good standing definition. In short, it proves to others that you're a legit business. A certificate of good standing is not a license, meaning you don't have to obtain one to do business. You can legally operate your business in your registered state and do not necessarily need the certificate.
The State Corporation Commission (SCC) is responsible for issuing Commonwealth of Virginia Certificates of Good Standing. In other states, this document may be called a “certificate of existence”, “certificate of authorization”, and “standing certificate”. Why is “good standing” important for your Virginia business?
This certificate also goes by other names, including a certificate of existence, status certificate, certificate of authorization, and certificate of status. But “certificate of good standing” is the most common way to refer to the document.
Unlike the American Bar Association (ABA), the State Bar of Texas (SBOT) is a mandatory bar.
Delinquent in their franchise tax “… may not be awarded a contract by the state or an agency of the state and may not be granted a permit or license by the state or an agency of the state.” You must submit proof of good standing with the Comptroller with all applications and renewals.