Letter of Good Standing

• General Information
• Requesting a Letter of Good Standing
• Requirements
• Processing Time Expectations
• Next Step
• See Also – Tax Clearance Certificates

General Information

If you want to reinstate a C or S corporation that was involuntarily dissolved, the Utah Department of Commerce requires you to have a Letter of Good Standing from the Utah State Tax Commission. See requirements below. There is no fee for this. Sole proprietorships, partnerships, limited partnerships, and limited liability companies are not required to have a Letter of Good Standing to be reinstated.

If you are selling a business the purchaser may request that you provide them a Letter of Good Standing for a Successor in Business.

Requesting a Letter of Good Standing

To request a Letter of Good Standing to reinstate your business, complete form TC-42, Application for a Letter of Good Standing. To request a Letter of Good Standing to sell your business, complete form TC-42S, Application for a Letter of Good Standing for a Successor in Business.

You can submit the form in one of the following ways:

• Online at Taxpayer Access Point (TAP) under the Business section – tap.utah.gov
• Fax – 801-297-7699
• In person at any Tax Commission office
• Mail to:

Utah State Tax Commission Taxpayer Services Division 210 North 1950 West Salt Lake City, Utah 84134-7000

Requirements

To qualify for a Letter of Good Standing, the corporation must be current on all tax returns and tax payments, including penalties and interest from the time registered to do business with the Utah Department of Commerce to do business in Utah.

Processing Time Expectations

A Letter of Good Standing is usually issued within ten days after the request is verified.

Next Step

Submit the Letter of Good Standing to the Utah Department of Commerce with the Application for Reinstatement