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Good standing: Difference between revisions
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{{g}}Of a [[corporation|corporate]] entity, that it has complied with all is formal filing obligations at the official companies registrar in its [[jurisdiction of incorporation]], and paid all fees. | {{g}}If limited liability companies were concert promoters, a certificate of good standing would be their rider requiring a bowl of M&Ms with the brown ones removed. | ||
Of a [[corporation|corporate]] entity, that it has complied with all is formal filing obligations at the official companies registrar in its [[jurisdiction of incorporation]], and paid all fees. | |||
These documents may include its up-to-date [[constitutive documents]], most recent annual return, audited financial statements, register of shareholders, details of directors and officers and so on: all basic, formative stuff that any corporate undertaking sophisticated enough to concern readers of the [[Jolly Contrarian]] ought to be able to do on its ear, and which therefore ought not furrow brows of directors of that undertaking when it is is asked to give pre-contractual [[representations|assurances]] about its good standing in a legal contract. | These documents may include its up-to-date [[constitutive documents]], most recent annual return, audited financial statements, register of shareholders, details of directors and officers and so on: all basic, formative stuff that any corporate undertaking sophisticated enough to concern readers of the [[Jolly Contrarian]] ought to be able to do on its ear, and which therefore ought not furrow brows of directors of that undertaking when it is is asked to give pre-contractual [[representations|assurances]] about its good standing in a legal contract. | ||