What is a certificate of good standing? A certificate of good standing is a document that simply indicates that a limited liability partnership has been in continuous existence since its date of incorporation. It also verifies to the Registrar of Companies that no action is being taken to remove the LLP from the registrar for any reason.
What is its purpose? The primary purpose of a certificate of good standing is simply to demonstrate and prove that the LLP in question is active at the registered address, and is complying with regulatory standards. People have the right to visit the registered address and view the documents, so the address given must be a real address. It cannot be a post office box address.
Why it is important for an LLP to have one? An active partnership is required to display the limited liability partnership name at the given address for the benefit of potential clients, visitors, and governing authorities seeking to inspect records. Failing to carry out business in accordance with these simple regulations may incur a penalty.
How Coddan can help? Coddan offers a service that can register your company with a prestigious office address in Central London, Edinburgh, and other UK cities for a small price. This is beneficial to those running multiple unconnected businesses or working from home and seeking to obfuscate their personal address, while at the same time bolstering their LLP image.