Glossary • Updated 2026
Good Standing
A state’s certification that an entity is current on reports, taxes, and agent requirements.
In detail
Banks, investors, and counterparties routinely demand a Certificate of Good Standing.
Lost through missed reports or taxes; restored via catch-up filings plus penalties and reinstatement fees.
A suspended California entity cannot sue, defend, or enforce contracts.
Where it matters
More definitions
Sources
- Cal. Rev. & Tax Code; 8 Del. C.; Wyo. Stat. Title 17; FTB/SOS glossaries