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The phrase ``in good standing is very common in the legal world and used to indicate that a person otherwise has nothing wrong with their account. Here on Stack Exchange, it means youre not currently banned or suspended and meet all the necessary requirements explained.
Good Standing status means that statutory filing requirements have been met with our office. However, this office does not review or verify information submitted in those filings. This office also does not regulate or investigate business practices or operations.
Denver, June 17, 2024 - Beginning July 1, 2024, the Periodic Report filing fee will increase to $25. The Colorado State Legislature passed a new law requiring the Department of State to reimburse counties for 45% of the election costs in which the state certifies any of the ballot content.
Generally, a Certificate of Good Standing simply indicates that the entity has filed all reports and paid the necessary fees with the Secretary of States office. It serves as proof, or evidence, that the entity exists and is authorized to transact business in the state. Business entity laws vary among the states.
The report is due for all entities and is a way to ensure your information is up to date. Submitting a Periodic Report allows an entity to update the principal office address and registered agent information which helps ensure current information is available to the public.
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An individual may owe Colorado income tax and be required to file a Colorado income tax return even if that individual was not a resident of Colorado for the entire year. In general, any part of a nonresidents income that is derived from Colorado sources is subject to Colorado income tax.
Certificates of Good Standing If the attorney or LLP is in good standing with the Colorado Supreme Court, they may request a Certificate of Good Standing. The Certificate will state that the attorney or LLP is in good standing and will include the date of admission to practice law in Colorado.
In short, it proves to others that youre a legit business. A certificate of good standing is not a license, meaning you dont have to obtain one to do business.

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