A certificate issued by proper authority in a jurisdiction to verify that a corporation exists has paid all its statutory dues has met all filing requirements and, therefore, is authorized to transact business in that state. Also called a certificate of authorization or certificate of existence.
A person or organization in good standing is regarded as having complied with all their explicit obligations, while not being subject to any form of sanction, suspension or disciplinary censure.[1][2] A business entity that is in good standing has unabated powers to conduct its activities, which can include business endeavors.[3] Similarly, a person who is in good standing within an organization or educational institution may take advantage of the benefits of membership or enrollment.[4]
