Connecticut Certificate of Legal Existence (Good Standing) for Domestic Entities
A Connecticut Certificate of Legal Existence for a domestic business entity (such as a corporation, LLC, or LLP) may include the following information:
- Entity name
- Entity type (ex. domestic limited liability company)
- Formation or incorporation date
- Statement that the entity has not filed Articles of Dissolution
Connecticut Certificate of Legal Existence (Good Standing) for Foreign Entities
In Connecticut, a good standing certificate for a foreign entity is called a Certificate of Legal Existence. This document may include the following information:- Entity name
- Entity type
- Registration (qualification) date
- Statement that the entity has not filed a Statement or Certificate of Withdrawal
Certificate of Legal Existence or Good Standing
$94 +state fees*
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What is a Certificate of Good Standing in Connecticut?
In Connecticut, businesses may request a Certificate of Legal Existence (also known as a Certificate of Good Standing) issued by the Connecticut Secretary of State that confirms that a business entity is registered with the state and that it is up-to-date with the state's requirements, such as annual report filings and franchise tax payments.
Other names for this document include “certificate of status” and “certificate of authorization”.
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Why is “good standing” important for your business?Being in good standing allows a corporation, LLC, or other statutory entity in Connecticut to maintain the rights and privileges of doing business as that statutory entity. Good standing certificates are required when expanding to other states and may be required for financing, business transactions, and licensing. The consequences of losing good standing can include fines, the inability to file a lawsuit, the inability to do business in other states, and the administrative dissolution of your business.
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When do you need a Connecticut Certificate of Good Standing (Legal Existence)?
A Connecticut Certificate of Good Standing (Legal Existence) is required when your business expands to another state (otherwise known as a foreign qualification) and needs to register in that state as a foreign business entity. Banks, lenders, investors, and vendors may request a Certificate of Good Standing before doing business with a company. You may also need a Certificate of Good Standing for licensure or for other business transactions, such as a merger or acquisition.
Obtaining a Certificate of Good Standing (Legal Existence) is not a requirement for forming a new business entity in Connecticut.
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How do I obtain a Connecticut Certificate of Good Standing (Legal Existence)?You can order a Connecticut Certificate of Good Standing or Legal Existence online today from CT Corporation or contact us for additional information.