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Certificate of Good Standing (Certificate of Status)

By IncNow | Published October 8, 2013

A document, issued by the state, that proves a company exists and all Secretary of State fees have been paid, which authorizes it to do business in that state as of the date issued. These are sometimes required by banks before accounts are opened or before loans are taken out.

When deciding where to form your company, consider that Delaware has advantages over your home state that may benefit you. Go