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Virginia Domestic Entity Certificate of Good Standing
A Virginia Certificate of Good Standing for a domestic entity includes the following information:
- LLCs: A Virginia Certificate of Good Standing for an LLC certifies that the entity is in existence; the date of formation; and that the LLC is in good standing in the Commonwealth of Virginia.
- Corporations: A Virginia Certificate of Good Standing issued for a corporation confirms the entity’s existence; the date of incorporation; whether the period of duration is perpetual; and that it is in good standing in the Commonwealth of Virginia.
Virginia Foreign Entity Certificate of Good Standing
A Virginia Certificate of Good Standing for a foreign entity registered to do business in Virginia includes the following information:
- Entity name
- State of organization (formation state)
- Statement that the entity is authorized to do business in the Commonwealth of Virginia
- Date the certificate of authority was obtained
- Statement that the entity is in good standing
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Virginia Certificate of Good Standing FAQs
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What is a Virginia Certificate of Good Standing?
A Virginia Certificate of Good Standing is a document confirming that an entity is authorized to do business in the state and that it has maintained compliance with Virginia business requirements, such as filing annual reports and paying franchise taxes. 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”.
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Why is “good standing” important for your Virginia business?Being in good standing allows a corporation, LLC, or other statutory entity in Virginia 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 Virginia Certificate of Good Standing?A Virginia Certificate of Good Standing is required when your business expands to another state (otherwise known as a foreign qualification) and must register as a foreign corporation or LLC. In addition, lenders, investors, and vendors often require a Certificate of Good Standing before doing business with a company. You may need to submit the equivalent of a Certificate of Good Standing to obtain licensure. You may also need the equivalent of a Certificate of Good Standing for other business transactions, such as a merger or acquisition.
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How do I obtain a Virginia Certificate of Good Standing?You can order a Virginia Certificate of Good Standing online today from CT Corporation or contact us for additional information.
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*State fees are mandatory fees imposed by the state. Price includes online discount automatically applied at checkout. Discount is for new customers only.