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puglife
10-07-2016, 07:00 AM
I currently own a LLC in Maryland, and when I search up my business on the Maryland business search, it says we are not in good standing. The address given for our registered agent is correct, but our business address is wrong (we moved and the our tax person was terrible (My ex business partner (really bad judgement on my part))), so around two weeks ago (as soon as we noticed it) we filed changed it. Our business was created in November of last year. We do not know why it is that we are not in good standing, and our registered agent has received no letters from the irs, at all, about us owing money or missing something. My question is first why is our registered agent not receiving any information? (My assumption was that if we are not in good standing, missing something, or owe money he would receive a letter). Next is how can we find out why it is that we are not in good standing? and finally, how do we fix it? Thank you so, so much for your help.

Law 4 Small Business
10-13-2016, 04:26 PM
Hi.

Your first assumption is that you would receive some sort of notice from Maryland. That doesn't always happen. It's possible you missed a report deadline.

Give the Maryland Department of Assessments & Taxation a call at 410-767-1184 and ask them. They will tell you why and what you need to do.

If that fails, then contact a small business attorney that can help you figure this out.

Good luck to you. Larry.

zdkformations
06-01-2017, 07:51 AM
I think you should first call to the register office in Maryland who are responsible for registering your business for that you can easily get their number through search engine and then contact the tax department to consult more in detail about your menace. If still you are unable to get the problem sort out refer a lawyer who handles small business cases and is experienced, i think he would be a perfect option to guide you the right step.

RickySeverns
09-18-2017, 04:24 AM
I think that you need to contact a professional attorney who will be able to help you figure this out.

fastincnow
12-10-2018, 01:13 AM
It is very important that your business is in good standing. Certificates of good standing are issued by the Secretary of state (or its equivalent agency) where the business entity is formed or has qualified as a foreign entity. This certificate is crucial for maintaining the goodwill and reputation of a company. Without it, a company may not be able to open a bank account, obtain financing, or apply for a business license renewal and permissions.Among the key institutions who require a certificate of good standing include banks, lenders and government agencies. In case you want to expand your company and establish it in another state too, even then your company requires to file for a certificate of good standing.

asif bams
12-27-2018, 05:18 AM
In many states, a company that is not in good standing may not bring a lawsuit in that state until good standing is restored. Difficulties in securing capital and financing.

raviseo121
03-09-2021, 10:48 PM
thanks for sharing with us

lishmaliny
03-12-2021, 11:18 AM
A corporation or LLC usually loses its good standing status due to various compliance issues such as a lapse in annual report filing or non-payment of franchise taxes. These issues sometimes remain undetected until the worst possible time—like at the closing table for an expansion or financing deal.

gog3tter6701
03-25-2021, 12:04 PM
A corporation or LLC usually loses its good standing status due to various compliance issues such as a lapse in annual report filing or non-payment of franchise taxes. These issues sometimes remain undetected until the worst possible timeŚlike at the closing table for an expansion or financing deal.

While it is a fact that these problems cannot be detected most of the time, LLCs cannot get away with it in general.

raviseo121
04-09-2021, 04:52 AM
Thanks for sharing with us

raviseo121
04-09-2021, 04:54 AM
Thanks for sharing with us

RaniaRanii3
04-17-2021, 12:19 PM
A partnership or LLC typically loses its great standing status because of different consistence issues, for example, a pass in yearly report documenting or non-installment of establishment charges. These issues now and again stay undetected until the absolute worst timeŚlike at the end table for an extension or financing bargain.

RaniaRanii3
04-21-2021, 03:51 PM
A partnership or LLC normally loses its great standing status because of different consistence issues, for example, a pass in yearly report documenting or non-installment of establishment charges. These issues once in a while stay undetected until the absolute worst timeŚlike at the end table for an extension or financing bargain.

RaniaRanii3
04-27-2021, 12:43 PM
An organization or LLC normally loses its great standing status because of different consistence issues, for example, a slip by in yearly report recording or non-installment of establishment charges. These issues here and there stay undetected until the absolute worst timeŚlike at the end table for a development or financing bargain.