What "Good Standing" Really Means, Why It's Important, and How Monstrously Easy It Isto Check It
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What "Good Standing" Really Means, Why It's Important, and How Monstrously Easy It Isto Check It
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What does "good standing" actually mean for your business?
If you formed an LLC or corporation, your state requires youto file annual reports and pay fees to stay active. If you don't, your business falls out of "good standing."
Why does this matter? Operating while not in good standingcan void your liability protection, prevent you from filing lawsuits, and create problems when you try to get a loan or sell the business.
Check your status right now at your Secretary of State'swebsite. Takes two minutes.
WANT A FULL 7-POINT BUSINESS CHECKUP CHECKLIST?
Get the complete Beginning-of-Year Business Checkup Checklist at https://kingpatentlaw.com/business-checkup-checklist/
(see QR code in video)
Disclaimer: This information is for educational purposesonly, is not legal advice, and does not form an attorney-client relationship. For advice about your specific situation, consult with a licensed attorney.