# Standing

URL: /systems/legal-and-corporate/floor/standing · Id: `floorRow:standing`

> Standing keeps each Company in good standing with annual reports, franchise tax, and a registered agent in every state it is formed or registered.

Standing keeps each [Company](/business/nouns/company) in good standing with annual reports, franchise tax, and a registered agent in every state it is formed or registered.

| Property | Value |
| --- | --- |
| Wakes | A Company is formed in, or registers to do business in, a state. |
| Process | [Books](/workflows/processes/books) |
| Signs | [Finance Lead](/agents/finance/finance-lead), [Finance Team](/agents/finance) |
| Sources | each formation state’s annual report and franchise tax law; state registered-agent requirements |