Published · Updated · By Govance Editorial
Good standing means your LLC is current with all state filing requirements. Banks, investors, and government agencies require proof of good standing for major transactions. Here is a practical 2026 checklist.
1. File your annual report on time
Every state requires periodic reports. Mark your deadline in your calendar and set reminders 30 days out. Govance automates this for all 50 states.
2. Maintain a registered agent
Your registered agent must be available during business hours at a physical address in your formation state. If your agent resigns and you do not appoint a replacement, your LLC falls out of good standing.
3. Pay franchise tax and state taxes
States like California, Texas, and Delaware impose franchise taxes separate from annual reports. Missing franchise tax payments triggers penalties independent of your annual report.
4. File foreign qualification if operating out of state
If your LLC operates in states beyond where it was formed, you likely need foreign qualification in each state — with its own annual report requirements.
5. Keep business licenses current
City and county business licenses renew annually in most jurisdictions. These are separate from state annual reports.
6. Maintain corporate records
Keep your operating agreement, meeting minutes, and ownership records current. While not filed with the state, these protect your liability shield.
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