{"id":132871,"date":"2023-03-01T00:00:04","date_gmt":"2023-03-01T00:00:04","guid":{"rendered":"https:\/\/systemday.wpengine.com\/?p=132871"},"modified":"2023-03-10T21:48:23","modified_gmt":"2023-03-10T21:48:23","slug":"company-not-in-good-standing","status":"publish","type":"post","link":"https:\/\/www.shane-english.com\/company-not-in-good-standing\/","title":{"rendered":"Company not in Good Standing"},"content":{"rendered":"

Company Not in Good Standing<\/h1>\n

Your company should be in Good Standing with the Companies Registry at all times, a company is deemed not to be in Good Standing if it is in breach of filings requirements.<\/p>\n

Non-payment of annual government fees will make your offshore company lose its status of Good Standing and the company will incur late penalty fees and potential legal consequences.<\/p>\n

To remain in Good Standing your company needs to up to date with its filings, annual registration fees and requirements under the Companies Act. The register of directors and shareholders has to also be properly maintained by the registered agent of your company.<\/p>\n

We provide registered agent and registered office services in 60 countries and can assist our clients with the required filings to ensure companies remain compliant and in Good Standing.<\/p>\n

Loss of Good Standing<\/h2>\n

All companies should be aware the consequences that losing Good Standing status can have, including the following –<\/p>\n