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A Delaware Certificate of Good Standing is a document issued by the state that proves your entity exists and is in compliance with all state requirements.
Delaware service of process takes place any time an individual or a company gives notice of its initial legal action against an individual or a company in the state of Delaware. If you get served, this means you have been notified of someone's intent to sue you or your business.
When you own a business structured as a properly formed LLC, even if someone wins a judgment against your LLC, the liabilities are enforced against the LLC's property, not your personal property. Delaware takes this protection one step further by protecting the LLC from its members' creditors.
The advantages of incorporating here include: The state offers some tax benefits. Delaware doesn't impose income tax on corporations registered in the state which don't do business in the state. Also, shareholders who don't reside in Delaware need not pay tax on shares in the state.
A Delaware Certificate of Incorporation is the foundation upon which a Delaware corporation is built. Until you receive the approved Certificate of Incorporation back from the Delaware Division of Corporations, you do not yet have a valid Delaware company.
It basically proves you're a legit 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.
You can check the status of an entity online. There are two options of online status available, status ($10) or status with tax & history information ($20).
How long is a Delaware Certificate of Good Standing good for? Depending on what it is being used for, it will be accepted anywhere from 30 days to six months from the date it is produced and signed by the Delaware Secretary of State.