A Certificate of Good Standing must be used by an entity needing to demonstrate that a corporation is in existence (in the case of a domestic corporation) or is authorized to transact business in the state (in the case of a foreign corporation). A Certificate of Good Standing may also be needed in the event that a corporation must certify that the state received all fees, taxes and penalties owed to it by the corporation or LLC and that no articles of dissolution have been filed in the state.