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Walters-Morgan Construction, Inc.
Frequently Asked Questions
  • What is a Certificate of Good Standing?
    A Certificate of Good Standing is a state-issued document that proves your business exists and has maintained compliance with all state requirements, such as filing annual reports and paying franchise taxes. Some states refer to this document as a “certificate of existence” or a “certificate of authorization”
  • When do you need a Certificate of Good Standing?
    You'll need a Certificate of Good Standing when your business expands to another state (otherwise known as foreign qualification) or when you wish to obtain or renew certain types of financing, loans, or licenses, as in the case of a merger acquisition.
  • Is a Certificate of Status the same as a Certificate of Good Standing?
    States such as Florida, California, and Texas issue a Certificate of Status. It is also commonly referred to as a Certificate of Good Standing. A Certificate of Status proves that your entity exists and is in compliance with all state requirements.
  • Is a Standing Certificate the same as a Certificate of Good Standing?
    Some states, such as New Jersey, refer to a Certificate of Good Standing as a Standing Certificate. A Standing Certificate, issued by the state, proves that your entity exists and is in compliance with all state requirements.
  • Is a Certificate of Substance the same as a Certificate of Good Standing?
    The document "Certificate of Substance" is used in some states as a document to prove your entity exists and is in compliance with all state requirements. It is also commonly referred to as a Certificate of Good Standing.
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