Being in good standing means that your business is up-to-date on filing your annual report, biennial report, other required forms, compliance paperwork and any other requirements from your company's home state. To get an official Certificate of Good Standing, you'll need to file the appropriate form with your state, or you can have Incfile file for you. The Certificate of Good Standing helps you prove that your business exists and complies with the rules. It helps you appear trustworthy and credible to potential partners, investors and lenders.