Business Entity Statuses

Secretary of State  Business Entity Statuses Definitions

Alabama

1. Exists

The business entity is currently active and recognized by the state of Alabama. It is operational and has met all necessary legal requirements to maintain its status. This status generally indicates a lower lending risk, as the business is compliant and operational, suggesting better creditworthiness and stability.

2. Dissolved

The business entity has been formally dissolved and is no longer in operation. This can occur through voluntary action by the business owners or through state intervention. Lenders should be extremely cautious with dissolved entities, as they no longer have legal standing and represent a high risk for lending, with little to no possibility of repayment.

3. Previous name

This status indicates that the entity has undergone a name change, and the ""Previous Name"" refers to the entity's name before the change. Lenders should verify the continuity of operations and any potential impacts on the business's creditworthiness or legal obligations that may have resulted from the name change.

4. Withdrawn

The business has voluntarily withdrawn its registration from the state of Alabama and is no longer authorized to operate within the state. This status represents a high risk for lenders, as the entity has ceased operations in Alabama, potentially impacting its ability to generate revenue and repay loans.

5. Registered Name

The name of the entity has been registered with the state of Alabama, typically indicating that the name is reserved for future use or for a foreign entity that wants to do business under that name in Alabama. Lenders should note that this status alone does not indicate active operations or financial stability, requiring further investigation into the entity's actual business activities and financial health.

6. Merged

The business has merged with another entity and no longer exists as an independent entity. The merger is recognized by the state of Alabama. Lenders should carefully assess the financial stability and creditworthiness of the resulting merged entity, as the merger may have significantly altered the business's risk profile and operational structure.

7. Name Reservation

This status indicates that a name has been reserved with the state for future use by a potential business entity. It is not an active entity but a reserved name. Lenders should be aware that this status does not represent an operational business and thus offers no basis for lending decisions, requiring further steps before any business activities or lending can occur.

8. Cancelled

The business registration or a specific filing has been cancelled, meaning it is no longer in effect, and the entity may no longer be active or recognized in that capacity. This status represents a high risk for lenders, as it indicates the entity may no longer have legal standing or operational capacity, potentially impacting its ability to repay loans.

9. Revoked

The entity's right to operate has been revoked by the state due to non-compliance with statutory requirements, such as failing to file necessary documents or pay fees. This status signifies a significant risk for lenders, as it indicates serious compliance issues and potential financial instability, making the entity an unsuitable candidate for lending.

10. Rejected

A filing, application, or registration attempt by the entity has been rejected by the state, typically due to non-compliance with statutory or procedural requirements. Lenders should approach entities with this status cautiously, as it may indicate administrative issues or non-compliance that could affect the business's stability and creditworthiness.

Arizona

1. Active

The entity is currently in good standing, has met all necessary legal and regulatory requirements, and is authorized to conduct business in Arizona. This status generally indicates a lower risk for lenders, as it suggests the business is compliant with state regulations and likely maintains good financial practices, potentially contributing to better creditworthiness and operational stability.

2. Inactive

The entity is not in good standing and is no longer authorized to conduct business in Arizona, often due to non-compliance with filing requirements, failure to pay fees, or voluntary dissolution. This status raises significant red flags for lenders, as it indicates potential financial difficulties, legal issues, or cessation of operations, which could severely impact the business's ability to repay loans and increases the overall risk associated with lending to such entities.

Arkansas

1. Good Standing

The entity is fully compliant with all state requirements, including timely filings and fee payments. It is legally authorized to conduct business in the state and has no outstanding issues with regulatory authorities. Businesses in good standing are generally considered lower risk for lending, as their compliance indicates financial responsibility and operational stability, making them more attractive candidates for credit.

2. Merged

The entity has been merged with another entity, resulting in the termination of its separate legal existence. The surviving entity continues to operate, and the merged entity no longer exists independently. Lenders should be cautious when considering loans to merged entities, as the financial structure and creditworthiness may have changed significantly, requiring a thorough assessment of the surviving entity's financial health and operational stability.

3. Used

This status usually indicates that a particular business name or entity identifier is already in use by another entity. It may also signify that a name reservation has been utilized, and the entity is in the process of formalizing its registration. For lenders, this status suggests that the business may be in a transitional phase or early stages of formation, potentially indicating higher risk and necessitating careful evaluation of the entity's legal status and operational readiness.

4. Statutorily Dissolved

The entity has been dissolved by operation of law, typically due to non-compliance with statutory requirements, such as failure to file annual reports or pay fees. This dissolution is not voluntary but mandated by state law. Lenders should be extremely cautious when dealing with statutorily dissolved entities, as they lack legal standing and may face significant challenges in repaying loans, representing a high-risk scenario for credit decisions.

5. Revoked

The entity's authority to do business in the state has been revoked, often due to non-compliance with legal requirements. This status means the entity is no longer recognized as valid in the state and cannot legally operate until it rectifies the issues and reinstates its status. Revoked status is a red flag for lenders, indicating severe compliance issues and operational instability, which significantly increases the risk associated with lending to such entities.

6. Expired

The entity's registration or charter has lapsed due to failure to renew within the required time frame. An expired status means the entity is no longer authorized to conduct business unless it takes action to renew or revive its registration. Lenders should approach expired entities with caution, as this status suggests potential financial difficulties or operational negligence, increasing the risk profile for lending decisions.

7. Withdrawn

The entity has voluntarily withdrawn its registration from the state. This means the entity has chosen to cease doing business in the state and has formally notified the state of its intent to withdraw. Withdrawn status indicates a significant change in the entity's operations, potentially affecting its ability to generate revenue and repay loans, thus requiring careful consideration by lenders in terms of existing obligations and future credit decisions.

8. Dissolved

The entity has been formally terminated through a voluntary or administrative process. It is no longer recognized as a legal entity and cannot conduct business. Dissolution typically follows the completion of necessary legal steps to wind down the entity's affairs. Lenders should be extremely cautious with dissolved entities, as they no longer have legal standing to operate or enter into new financial agreements, presenting a high-risk scenario for any lending activities.

9. Not Current

The entity has not fulfilled its most recent filing or fee requirements, indicating that it is not in good standing. This status suggests that the entity may need to update its filings or pay outstanding fees to return to good standing. For lenders, a "Not Current" status raises concerns about the entity's financial management and compliance practices, potentially indicating increased risk and requiring closer scrutiny of the business's overall financial health and operational stability.

10. Forfeited Charter

The entity's charter (legal authorization to operate) has been forfeited due to failure to comply with statutory obligations, such as filing reports or paying taxes. A forfeited charter means the entity is no longer legally authorized to operate and may need to take corrective action to regain its charter. Lenders should view entities with forfeited charters as high-risk, as they lack legal standing and demonstrate significant compliance issues, which could severely impact their ability to operate and repay loans.

California

1. Active

The entity is currently in good standing, has fulfilled all necessary filing and fee requirements, and is authorized to conduct business in California. This status generally indicates a lower risk for lenders, as it suggests the business is compliant, operationally stable, and likely in good financial health.

2. Terminated

The entity has been formally dissolved or otherwise ceased its legal existence in California. It is no longer authorized to conduct business and has completed the necessary legal steps to wind down its operations. Lenders should be extremely cautious with terminated entities, as they no longer have legal standing and any outstanding debts may be difficult to recover.

3. Suspended - FTB/SOS

The entity's rights, privileges, and powers have been suspended by both the Franchise Tax Board (FTB) and the Secretary of State (SOS). This usually occurs due to non-compliance with state tax obligations or failure to file required reports. The entity cannot legally operate, enter contracts, or initiate lawsuits while suspended. This status indicates significant risk for lenders, as it suggests severe compliance issues and potential financial instability.

4. Converted Out

The entity has changed its legal structure (e.g., from a corporation to an LLC) and has filed the appropriate documents with the state. The original entity has ceased to exist in its previous form and has been ""converted out"" to a new entity type. Lenders should reassess the creditworthiness of the new entity structure and ensure that any existing agreements are still valid under the new legal form.

5. Suspended - FTB

The entity's rights, privileges, and powers have been suspended specifically by the Franchise Tax Board due to non-compliance with tax obligations. The entity cannot legally conduct business, enforce contracts, or initiate lawsuits while under this suspension. This status raises red flags for lenders, indicating potential financial difficulties and increased risk in lending decisions.

6. Terminated - FTB Admin

The entity has been administratively terminated by the Franchise Tax Board due to failure to comply with tax obligations. This termination is typically a result of continued non-compliance after suspension. Lenders should consider this status as a severe risk, indicating prolonged financial issues and the cessation of the entity's legal existence.

7. Suspended - SOS

The entity's rights, privileges, and powers have been suspended by the Secretary of State, usually due to failure to file required documents such as the Statement of Information. The entity cannot legally operate while under this suspension. This status suggests compliance issues that could impact the entity's operational stability and creditworthiness, warranting caution from lenders.

8. Terminated - SOS Admin

The entity has been administratively terminated by the Secretary of State due to non-compliance with legal filing requirements. The termination results in the entity ceasing to exist as a legal entity in California. Lenders should treat this status as a high-risk situation, as the entity no longer has legal standing and may be unable to repay debts.

9. Forfeited - FTB

The entity has had its rights, privileges, and powers forfeited by the Franchise Tax Board, typically due to serious or ongoing non-compliance with tax obligations. The entity loses its legal ability to operate in California. This status indicates severe financial and compliance issues, presenting significant risks for lenders and potentially impacting the entity's ability to repay debts.

10. Merged Out

The entity has been merged into another entity and no longer exists independently. The surviving entity continues to operate, and the merged-out entity's registration is terminated. Lenders should reassess the creditworthiness of the surviving entity and ensure that any existing agreements are transferred or remain valid under the new structure.

11. Suspended - SOS

The entity's rights and privileges have been suspended by the California Secretary of State due to non-compliance with filing requirements, preventing it from legally operating until resolved. This status suggests potential operational instability and compliance issues, which lenders should carefully consider when assessing risk and making lending decisions.

Colorado

1. Good Standing

The entity is fully compliant with all state requirements, including timely filing of reports and payment of fees, and is legally authorized to conduct business in Colorado. This status indicates a lower risk for lenders, as it demonstrates the business's commitment to regulatory compliance and suggests financial stability and responsible management.

2. Expired

The entity's registration or charter has expired due to failure to renew or update necessary information. It is no longer valid for conducting business but has not been formally dissolved. Lenders should exercise caution with expired entities, as this status may indicate financial difficulties, operational issues, or a lack of attention to legal requirements, potentially increasing the risk associated with lending.

3. Name Changed

The entity has officially changed its name through the proper legal process and is now operating under the new name. The old name is no longer in use. While a name change itself doesn't necessarily impact creditworthiness, lenders should ensure they have updated information and verify the reasons behind the change, as it could potentially affect brand recognition or indicate a significant shift in business strategy.

4. Delinquent

The entity has failed to meet certain legal obligations, such as filing annual reports or paying fees. It is not in good standing and must address these issues to regain compliance. Delinquent status raises red flags for lenders, as it may indicate financial distress, poor management, or operational issues, potentially increasing the risk associated with lending to such entities.

5. Withdrawn

The entity has voluntarily withdrawn its registration from Colorado and is no longer authorized to conduct business in the state. This status reflects the entity's decision to cease operations in Colorado. Lenders should be extremely cautious when considering loans to withdrawn entities, as this status indicates a significant change in business operations and may impact the entity's ability to generate revenue and repay debts in the state.

6. Voluntarily Dissolved

The entity has voluntarily taken steps to dissolve its registration and cease its business operations in Colorado. This process has been formally completed, and the entity is no longer active. Lenders should generally avoid extending credit to voluntarily dissolved entities, as they have formally ended their business operations in the state, significantly impacting their ability to generate income and repay loans.

7. Revoked

The entity's status has been revoked by the state, typically due to serious or ongoing non-compliance with state regulations. The entity is no longer authorized to operate and must rectify the issues for potential reinstatement. Revoked status is a major red flag for lenders, indicating severe compliance issues or financial problems, and lending to such entities carries substantial risk and potential legal complications.

8. Administratively Dissolved

The entity has been dissolved by administrative action, usually due to failure to meet legal obligations such as filing annual reports or paying fees. The entity is no longer recognized as active in Colorado. Lenders should approach administratively dissolved entities with extreme caution, as this status suggests significant operational or financial issues, potentially impacting the entity's ability to conduct business legally and repay debts.

Connecticut

1. Cancelled

The entity's registration or license has been canceled, meaning it is no longer authorized to operate in Connecticut. This status often results from administrative action due to non-compliance or voluntary cancellation by the entity. For lenders, this status indicates a high-risk situation, as the business lacks legal authority to operate, potentially impacting its ability to generate revenue and repay loans.

2. Forfeited

The entity has lost its legal status due to failure to meet certain statutory requirements, such as not filing reports or paying fees. The entity is no longer authorized to conduct business in Connecticut until it rectifies the issue and potentially reinstates its status. Lenders should approach forfeited entities with caution, as this status suggests financial instability or poor administrative practices, which could affect creditworthiness and operational viability.

3. Active

The entity is in good standing, having met all necessary legal and regulatory requirements, and is authorized to conduct business in Connecticut. Active status generally indicates a lower risk for lenders, as it suggests the business is compliant and operationally stable, though further financial assessment is still necessary for a comprehensive risk evaluation.

4. Dissolved

The entity has been formally dissolved, either voluntarily by its owners or involuntarily by the state. It is no longer recognized as an active legal entity in Connecticut and cannot conduct business. Lenders should be extremely cautious with dissolved entities, as they no longer have legal standing to operate, severely impacting their ability to generate income or repay loans.

5. Renuciated

This status indicates that the entity has formally renounced or given up certain rights or claims, possibly in the context of its business operations or legal standing. This is not a common status and may vary in interpretation depending on the specific context. Lenders should seek clarification on the specific rights or claims renounced, as this could significantly impact the entity's operational capacity and financial stability.

6. Withdrawn

The entity has voluntarily withdrawn its registration or authorization to do business in Connecticut, indicating it has ceased operations in the state and is no longer recognized as an active entity there. For lenders, a withdrawn status suggests the business has intentionally ceased operations in Connecticut, which could indicate a strategic decision or financial difficulties, necessitating careful evaluation of the entity's overall financial health and operational status in other jurisdictions.

7. Domesticated

The entity has changed its jurisdiction of incorporation or organization from another state to Connecticut. It is now considered a domestic entity in Connecticut, subject to local laws and regulations. While this status change doesn't inherently affect creditworthiness, lenders should review the reasons for domestication and ensure compliance with Connecticut regulations, as it may impact the entity's financial structure and operational practices.

8. Revoked

The entity's authority to operate has been revoked by the state, typically due to serious non-compliance with state regulations, such as failing to file reports or pay fees. The entity is no longer authorized to operate and must address the reasons for revocation to be reinstated. Lenders should view revoked status as a significant red flag, indicating severe compliance issues that could reflect deeper financial or operational problems, substantially increasing the risk associated with any potential lending.

Delaware

1. Good Standing

The entity's existence has not been terminated either voluntarily or administratively. This status generally indicates a lower risk for lenders, as it suggests the business is compliant with state requirements and likely operationally stable.

2. Cancelled

A certificate of Cancellation has been voluntarily filed by the entity to terminate its existence. This certificate is filed when an entity has dissolved and at the completion of winding up the entity. Lenders should be extremely cautious with cancelled entities, as they have ceased operations and are unlikely to have ongoing revenue or assets.

3. Dissolved

A certificate of Dissolution has been voluntarily filed by the corporation to terminate its legal existence. Similar to cancelled status, dissolved entities pose significant risks for lenders as they are no longer operating and may have limited assets or ability to repay loans.

4. Expired

A Limited Liability Partnership or Limited Liability Limited Partnership has not filed their annual report in a timely manner. A reinstatement and all Annual Reports that have not been filed, may be filed to reinstate the LLP or LLLP to good standing status. Refer to Title 6, Chapter 15 Section 1003. Expired status indicates potential compliance issues and operational instability, which may increase lending risk, though the possibility of reinstatement suggests the business could return to good standing.

5. Forfeited

A corporation has on record a Certificate of Resignation of registered agent and the appointment of a new registered agent was not filed within the designated period of 30 days. This status suggests administrative negligence and potential communication difficulties, which could be red flags for lenders assessing the business's management capabilities and stability.

6. Resign to Appointment

An Unincorporated Non-Profit Association filed pursuant to Title 6, Chapter 19 may appoint an agent to receive service of process. If such agent resigns from this appointment the entity would show this status. While specific to non-profits, this status indicates a gap in the entity's legal representation, which could impact its ability to receive important communications and may suggest administrative challenges.

7. Cancelled-Voided

A Limited Partnership, Limited Liability Company or Partnership failed to pay their annual tax for a period of 3 years from the date it is due. This status indicates severe tax delinquency and likely financial distress, presenting a high risk for lenders and suggesting potential operational cessation.

8. Consolidated

A Certificate of Merger and Consolidation has been filed. The existence of this entity has terminated and a new entity has been created as a result of the filing. Lenders should be aware that the original entity no longer exists, and any lending decisions should be based on the newly created entity's status and financials.

9. Merged

A Certificate of Merger between 1 or more entities has been filed. This entity did not survive the merger but was merged into another entity. Similar to consolidated status, lenders should focus on the surviving entity's status and financial health when making lending decisions.

10. Converted

A Certificate of Conversion has been filed. This entity has been converted to an entity that is in existence in another jurisdiction. Lenders should investigate the entity's new jurisdiction and status, as this change could impact regulatory compliance and financial reporting requirements.

11. AR filed, Tax delinquent

This represents a corporation that has filed the required annual report, however there are still delinquent taxes due. While the entity shows some level of compliance by filing reports, the tax delinquency suggests financial difficulties that could impact loan repayment ability.

12. Revoked

A Limited Liability Partnership (LLP) that has not filed their Annual Report. The Statement of Qualification or Statement of Foreign Qualification of the LLP has been revoked by the Secretary of State. Revoked status indicates severe compliance issues and potential operational instability, presenting significant risks for lenders.

13. AR delinquent, Tax paid

This represents a corporation that has paid taxes in full, however the required annual report has not been filed. While tax payment is positive, the failure to file annual reports may indicate administrative issues or potential operational changes that lenders should investigate further.

14. Forfeited-Resigned

A Limited Partnership, Limited Liability Company or Partnership that has on record a Certificate of Resignation of registered agent and the appointment of a new registered agent was not filed within the designated period of 30 days. This status suggests administrative negligence and potential communication difficulties, which could be red flags for lenders assessing the business's management capabilities and stability.

15. Surrendered

A Certificate of Voluntary Dissolution before issuance of shares or before beginning of business has been filed with the Division of Corporations. This status indicates the entity never became fully operational, presenting significant risks for lenders as there may be no assets or revenue stream to support loan repayment.

16. Transfer

A Certificate of Transfer has been filed and the result of such transfer is the cessation of its existence as an entity of the State of Delaware. Lenders should be aware that the entity no longer exists in Delaware and should investigate its new status and jurisdiction before making lending decisions.

17. AR delinquent, Tax due

This represents a corporation that has not filed the required annual report and there are delinquent taxes due. This status indicates significant compliance issues and potential financial distress, presenting high risks for lenders.

18. Void

A corporation that failed to pay it's annual franchise tax for a period of 1 year or a Foreign Corporation that has not filed their annual reports within a 2 year period. Void status suggests severe compliance issues and potential cessation of operations, presenting significant risks for lenders.

19. Withdrawal

A voluntary Certificate of Withdrawal has been filed by the Corporation which is registered/qualified to do business in Delaware as a Foreign Corporation but domestic in another jurisdiction, to terminate it's authority to transact business in the State of Delaware. Lenders should investigate the entity's status in its domestic jurisdiction, as withdrawal from Delaware may indicate a change in operations or market focus.

20. Ceased Good Standing

This represents an entity that failed to pay their annual taxes timely. For example: 2002 taxes due June 1, 2003 were not received by end of day June 1, 2003. While less severe than some other statuses, this indicates potential financial difficulties or administrative issues that could impact the entity's stability and ability to repay loans.

Florida

1. Active

The business entity is active. This status indicates that the business is currently operating and compliant with state regulations, suggesting a lower risk profile for lenders and potentially better creditworthiness.

2. Inactive

The business entity is inactive. This status may signal operational issues or voluntary closure, raising concerns about the business's ability to repay loans and requiring careful risk assessment by lenders.

3. Inactive/UA

The business entity is inactive but the name is held for a statutory period and currently unavailable. While the business is not currently operating, the held name might indicate potential for reactivation, requiring lenders to investigate the reasons for inactivity and future plans.

4. Name HS

The previous name of the business entity. This status suggests a name change, which could impact the business's market presence or indicate restructuring, prompting lenders to examine the reasons behind the change and any potential effects on creditworthiness.

5. Cross Ref

The business entity's name in its home state. For out-of-state businesses, this status helps lenders verify the entity's legal standing in its primary jurisdiction, which is crucial for assessing overall stability and compliance.

6. Inactive/MG

The business entity is inactive due to a merger. This status indicates a significant change in the business structure, requiring lenders to reassess the new entity's financial position, operational stability, and creditworthiness post-merger.

7. Inactive/CV

The business entity is inactive due to a conversion. This status suggests a change in business structure or type, necessitating a thorough review by lenders to understand the implications of the conversion on the entity's financial health and operational stability.

Georgia

1. Active/Compliance

The business entity is currently operational and in full compliance with all state regulations, including necessary filings and fee payments. This status indicates a lower risk for lenders, as it suggests the business is responsibly managing its legal obligations and likely maintaining good financial practices.

2. Admin. Dissolved

The entity has been administratively dissolved by the state due to failure to meet legal obligations, such as filing required reports or paying fees. Lenders should exercise caution with these entities, as administrative dissolution often indicates financial difficulties or management issues that could impact loan repayment ability.

3. Expired

The entity's registration or reserved name has lapsed due to non-renewal, and it is no longer authorized to conduct business unless renewed. This status suggests potential operational instability or financial constraints, warranting careful consideration in lending decisions and thorough due diligence on the business's current status and plans.

4. Inactive

The entity is not currently operational but has not been formally dissolved. It may be in a dormant state. Lenders should be wary of inactive entities, as they may lack current revenue streams or assets, potentially increasing the risk associated with lending.

5. Noncompliance/Nonpayment

The entity is not in good standing due to failure to comply with certain requirements, such as paying fees or filing necessary documents. This status raises red flags for lenders, as it may indicate financial difficulties or poor management practices that could affect the business's ability to meet loan obligations.

6. Revoked

The entity's registration has been revoked by the state, often due to serious or repeated non-compliance, meaning it is no longer legally allowed to operate. Lenders should avoid extending credit to revoked entities, as they lack legal standing and may face significant challenges in resuming operations or generating revenue.

7. Active/Noncompliance

The entity is operational but not fully compliant with state requirements, putting its good standing at risk. While the business is still functioning, this status suggests potential management or financial issues that could escalate, requiring lenders to carefully assess the specific non-compliance factors and their potential impact on the business's stability.

8. Redeemed

The entity has rectified previous non-compliance issues and has been restored to good standing. This status indicates a positive step towards stability, but lenders should still investigate the nature of the previous non-compliance and ensure that the business has fully addressed any underlying issues that led to the initial problems.

9. Terminated

The entity has been formally dissolved, either voluntarily or by state action, and is no longer in existence. Lenders should not consider terminated entities for loans, as they no longer exist as legal business entities and have no capacity to enter into new financial agreements.

10. Withdrawn

The entity has voluntarily ceased operations in Georgia and has formally withdrawn its registration. Lenders should be cautious with withdrawn entities, as they may no longer have a presence or assets in the state, potentially complicating loan recovery if issues arise.

11. Merged

The entity has merged with another entity and no longer exists as a separate legal entity. When considering loans for merged entities, lenders should assess the financial health and stability of the resulting combined entity, as well as any changes in management or operational structure that could affect creditworthiness.

12. Name Reservation Rejected

The request to reserve a specific business name has been denied by the state, possibly due to the name being already in use or not meeting legal requirements. While this status primarily relates to naming issues, lenders should be aware that it could delay business formation or indicate potential trademark conflicts, which might impact the business's branding and market position.

13. Withdrawn/Merged

The entity has both withdrawn from the state and merged with another entity, ceasing its separate existence in Georgia. Lenders should approach these entities with caution, focusing on the current status and financial health of the resulting merged entity, particularly if it operates in other jurisdictions.

Hawaii

1. Expired

Meaning Withdrew or not completed. This status suggests the business may have ceased operations or failed to complete registration, indicating potential financial instability or operational issues that could increase lending risk.

2. Active

Active registration. Businesses with this status are currently registered and operational, generally presenting a lower risk for lenders due to their compliance with state requirements and ongoing business activities.

3. Inv. Cancelled

Meaning Cancelled involuntarily. This status implies the business was forcibly closed by authorities, potentially due to non-compliance or other serious issues, signaling high risk for lenders and possible legal or financial problems.

4. Dissolved

Dissolved voluntarily. While this indicates a planned closure, lenders should be cautious as the business has ceased operations, potentially affecting loan repayment capabilities and overall creditworthiness.

5. Adm. Terminated

Administratively Terminated. This status suggests the business failed to meet state requirements, indicating potential operational or financial issues that could increase lending risk and require thorough investigation.

6. Nm. Chg.

Name changed. While not inherently risky, lenders should ensure they have updated information and verify the business's history under both names to maintain accurate risk assessment.

7. Cancelled

Cancelled voluntarily. Similar to dissolution, this status indicates the business has chosen to close, potentially impacting its ability to repay loans and requiring careful consideration from lenders.

8. Inv. Revoked

Revoked involuntarily. This status implies serious non-compliance or legal issues, presenting high risk for lenders and necessitating thorough investigation before considering any lending activities.

9. Held

Holding for correction. While temporary, this status suggests potential issues with the business's registration or compliance, warranting further inquiry by lenders to assess any underlying risks.

10. Converted

Converted out. This status indicates a change in business structure, which may affect the entity's legal standing and financial obligations, requiring lenders to reassess the business's creditworthiness under its new form.

11. Bounced

Check bounced. This status raises immediate concerns about the business's financial stability and cash flow management, signaling increased risk for lenders and necessitating careful financial scrutiny.

12. Adm. Term.

Administratively Terminated. Similar to "Adm. Terminated," this status indicates non-compliance with state requirements, suggesting potential operational or financial issues that increase lending risk.

13. "1"

Annual report 1 yr delinquent. This status indicates a failure to meet reporting obligations, potentially signaling financial distress or management issues that could increase risk for lenders.

14. "2"

Annual report 2 yr delinquent. With two years of delinquent reports, this status suggests more severe compliance issues or potential financial troubles, presenting higher risk for lenders.

15. Rejected

Rejected. This status implies the business's application or filing was not accepted, potentially due to errors or non-compliance, warranting further investigation by lenders to understand the underlying issues.

16. Records Frozen

Records Frozen. This unusual status may indicate legal issues or severe non-compliance, presenting significant risk for lenders and requiring thorough investigation before any lending decisions.

17. Withdrawn

Foreign entity withdrawn. This status suggests the business has voluntarily ceased operations in the state, potentially impacting its market presence and financial stability, which lenders should carefully consider.

18. Merged

Merged out. While potentially positive for business growth, mergers can also complicate financial structures and obligations, requiring lenders to reassess the entity's creditworthiness and stability post-merger.

19. Invol. dissolved

Dissolved involuntarily. This status indicates forced closure by authorities, suggesting serious compliance or financial issues that present high risk for lenders and necessitate careful evaluation of any outstanding obligations.

20. Revoked

Revoked registration. This status implies the business's registration has been cancelled by authorities, likely due to severe non-compliance or legal issues, presenting significant risk for lenders and requiring thorough investigation before any lending considerations.

Idaho

1. Active-Current

The entity is actively operating and has fulfilled all its regulatory and compliance requirements, including up-to-date filings and fees. It is fully operational and recognized as valid. This status generally indicates a lower risk for lenders, as it suggests the business is responsibly managing its legal obligations and likely maintaining good operational stability.

2. Inactive-Dissolved

The entity has been officially terminated through a formal process. It is no longer allowed to conduct business, and its registration has been formally closed, either voluntarily or involuntarily. Lenders should be extremely cautious with dissolved entities, as they no longer have legal standing to operate, significantly impacting their ability to repay loans and presenting high risk.

3. Active-Existing

The entity is currently in existence and operational but may not necessarily be in good standing. It has not been formally dissolved or withdrawn but may have some pending compliance issues. Lenders should conduct thorough due diligence on these entities, as unresolved compliance issues could indicate financial instability or management problems that may affect creditworthiness.

4. Active-Good Standing

The entity is fully compliant with all statutory requirements, including timely submissions of required documents and payment of fees. It is in good legal and financial standing with regulatory authorities. This status is generally favorable for lenders, indicating responsible management and compliance, which often correlates with better operational stability and creditworthiness.

5. Inactive-Forfeited

The entity has lost its legal status due to failure to comply with regulatory requirements, such as not filing annual reports or not paying required fees. It is no longer authorized to operate. Lenders should view forfeited entities as high-risk, as the loss of legal status indicates serious compliance issues that may reflect deeper financial or operational problems.

6. Inactive-Withdrawn

The entity has voluntarily removed itself from its state of incorporation or jurisdiction. It has formally requested to cease its registration and is no longer recognized as active in that jurisdiction. Lenders should be wary of withdrawn entities, as this status suggests the business is no longer operating in the state, which could significantly impact its ability to generate revenue and repay loans.

7. Inactive-Expired

The entity's registration or charter has expired due to a lapse in renewal or failure to update necessary information. It is no longer valid for conducting business but has not been formally dissolved. Lenders should approach expired entities with caution, as the lapse in registration could indicate financial difficulties, poor management, or intention to cease operations, all of which increase lending risk.

8. Inactive-Revoked (Administrative)

The entity's status has been revoked by an administrative authority due to non-compliance with legal requirements, such as failing to file necessary reports or pay fees. The entity is no longer authorized to operate. This status represents a significant red flag for lenders, indicating severe compliance issues that likely reflect broader operational or financial problems, substantially increasing the risk associated with lending to such entities.

9. Inactive-Cancelled

The entity's registration has been formally canceled, usually due to reasons such as failure to comply with legal obligations or voluntary action. It is no longer recognized as a valid legal entity. Lenders should avoid canceled entities, as they no longer have legal standing to operate, presenting extreme risk for any potential lending activities.

10. Inactive-Cancelled (Administrative)

The entity's registration has been canceled by administrative action, often due to serious or repeated non-compliance with regulatory requirements. The cancellation is officially recorded and recognized. This status indicates severe issues with compliance and potentially with the entity's overall management and financial health, making it an extremely high-risk prospect for lenders.

11. Inactive-Dissolved (Administrative)

The entity has been dissolved due to administrative reasons. This status suggests that the business has been formally terminated by administrative action, likely due to significant non-compliance or other serious issues, presenting a very high risk for lenders as the entity no longer legally exists and cannot conduct business operations.

Illinois

1. Active

The business is currently operational, compliant with all legal requirements, and recognized as a valid entity by the state of Illinois. This status generally indicates a lower risk for lenders, as it suggests the business is meeting its legal obligations and maintaining good standing, which can be a positive indicator of financial responsibility and operational stability.

2. Withdrawn

The business has voluntarily ceased its operations in Illinois and has formally withdrawn its registration with the state. Lenders should be cautious when considering loans to withdrawn entities, as this status indicates the business is no longer operating in the state, potentially impacting its ability to generate revenue and repay debts.

3. Voluntarily Dissolved

The business has been formally dissolved by the decision of its owners or directors, meaning it is no longer operational and has been officially closed. This status signifies a high risk for lenders, as the business has ceased operations and is unlikely to generate income or have assets available for loan repayment.

4. Terminated

The business entity has been officially ended, either through voluntary action or by reaching the end of its legal life or purpose. Lenders should avoid extending credit to terminated entities, as this status indicates the business no longer exists legally and has no capacity to enter into new financial agreements or generate income for loan repayment.

5. Revoked

The business's authority to operate has been revoked by the state due to failure to comply with certain legal obligations, such as filing annual reports or paying fees. This status raises significant red flags for lenders, as it indicates non-compliance with state requirements and potential financial instability, increasing the risk associated with lending to such entities.

6. Not Good Standing (NGS)

The business is currently operational but has not met certain state requirements, such as filing deadlines or fee payments, and is at risk of further penalties or dissolution if not rectified. Lenders should approach NGS businesses with caution, as this status suggests potential financial or operational issues that could affect the business's ability to meet loan obligations.

7. Merged/Consolidated

The business has been merged with another entity or consolidated into a new entity, and no longer exists as a separate, independent entity. Lenders should carefully assess the new entity resulting from the merger or consolidation, as the financial stability and creditworthiness may differ from the original business, requiring updated risk assessment.

8. Involuntary Dissolution

The state has dissolved the business due to its failure to comply with mandatory legal requirements, such as failing to file necessary documents or pay required fees. This status indicates a high risk for lenders, as it suggests significant non-compliance and potential financial difficulties, making loan recovery unlikely.

9. Dissolved

The business has been formally closed and is no longer operational. This can be due to voluntary action by the owners or through state action like involuntary dissolution. Lenders should avoid extending credit to dissolved entities, as they no longer have legal standing or the ability to generate income, making loan repayment highly improbable.

Indiana

1. Active

The entity is currently operational and in good standing, having met all regulatory and legal requirements. This status generally indicates a lower risk for lenders, as it suggests the business is compliant and likely to be financially stable.

2. Admin Dissolved

The entity has been administratively dissolved by the state due to failure to comply with legal obligations such as filing required reports or paying fees. Lenders should be cautious with these entities, as this status indicates non-compliance and potential financial instability.

3. Inactive

The entity is no longer active, but it has not been formally dissolved. This status might indicate that the entity is not currently conducting business. Lenders should be wary of inactive entities, as they may not have current income or assets to support loan repayment.

4. Cancelled

The entity's registration or a specific filing has been officially cancelled, often at the entity's request or due to non-compliance. This status suggests the business is no longer operating legally, posing a high risk for lenders.

5. Voluntarily Dissolved

The entity has been dissolved by the owners or members voluntarily and is no longer operational. Lenders should avoid extending credit to voluntarily dissolved entities, as they have ceased operations and likely have no means of repayment.

6. Revoked

The entity's right to conduct business in Indiana has been revoked due to non-compliance with state regulations. This status indicates serious compliance issues and high risk for lenders, as the business cannot legally operate.

7. Withdrawn

The entity has voluntarily withdrawn its registration and is no longer authorized to do business in the state. Lenders should be cautious, as this status suggests the business may have ceased operations in Indiana.

8. Merged

The entity has merged with another and no longer exists as a separate entity. Lenders should reassess the creditworthiness of the resulting entity, as the merger may have impacted financial stability and operational structure.

9. Judicially Dissolved

The entity has been dissolved by court order, often due to legal disputes or regulatory issues. This status indicates severe problems and high risk for lenders, as the business has been forcibly closed by legal action.

10. Non-Qualified Merged

The entity has merged but did not meet all the necessary qualifications, possibly in the context of foreign entities. Lenders should carefully evaluate the resulting entity's legal status and financial stability before considering any lending decisions.

11. Surrendered

The entity has surrendered its right to operate, often in connection with withdrawing from the state. This status suggests the business is no longer operating in Indiana, posing significant risk for lenders.

12. Reserved

A name or entity status has been reserved, indicating that it may be used in the future but is not currently active. Lenders should note that this status does not represent an operational business and should not be considered for lending.

13. Expired

The entity's registration or name reservation has expired, usually due to failure to renew. This status indicates potential compliance issues and operational instability, increasing risk for lenders.

14. Abandoned

The entity or a specific filing has been abandoned, typically meaning it was never completed or finalized. Lenders should be cautious of abandoned entities, as they may not represent fully formed or operational businesses.

15. Converted

The entity has undergone a legal conversion to another type of entity (e.g., from an LLC to a corporation). Lenders should reassess the new entity structure and its implications for creditworthiness and liability.

16. Pending Admin Dissolution

The entity is in the process of being administratively dissolved, usually due to non-compliance. This status indicates significant risk for lenders, as the business is likely facing compliance issues and potential closure.

17. Pending Revocation

The entity's status is under review and may be revoked if compliance issues are not resolved. Lenders should be cautious, as this status suggests potential regulatory problems that could affect the business's ability to operate.

18. Pending Conversion

The entity is in the process of converting to another type of entity. Lenders should wait for the conversion to complete before making lending decisions, as the new structure may affect creditworthiness and liability.

19. Converted Out

The entity has converted out of its original form and is no longer recognized in its previous structure. Lenders should reassess the new entity structure and its implications for creditworthiness and operational stability.

20. Pending

The entity's filing or status is pending and has not yet been finalized. Lenders should wait for the final status before making lending decisions, as the outcome may affect the entity's legal standing and operational capabilities.

21. Past Due

The entity has missed a filing deadline or payment and is at risk of further penalties or dissolution. This status indicates potential financial instability or compliance issues, increasing risk for lenders.

22. Pending Domestication

The entity is in the process of changing its jurisdiction from another state or country to Indiana. Lenders should wait for the domestication to complete and assess the implications of the jurisdictional change on the entity's legal status and operations.

23. Pending Surrender

The entity has filed to surrender its registration but the process is not yet complete. Lenders should be cautious, as this status suggests the business intends to cease operations in Indiana.

24. Pending Merger

The entity is in the process of merging with another entity. Lenders should wait for the merger to complete and reassess the resulting entity's financial stability and operational structure before making lending decisions.

25. Voluntarily Dissolved (Name Protected)

The entity has been voluntarily dissolved, but its name is protected and cannot be used by another entity for a specific period. Lenders should avoid extending credit to these entities, as they have ceased operations despite name protection.

26. Pending Share Exchange

The entity is involved in a pending share exchange process, typically related to restructuring or mergers. Lenders should wait for the share exchange to complete and evaluate its impact on the entity's ownership structure and financial stability.

27. NSF

Non-Sufficient Funds. The entity has attempted a transaction, such as a payment, that was not completed due to insufficient funds. This status indicates potential financial instability and increased risk for lenders.

28. Terminated

The entity's existence has been formally terminated and it no longer exists as a legal entity. Lenders should not consider terminated entities for lending, as they have ceased to exist legally and have no means of repayment.

Iowa

1. Active

The business entity is currently operational, in good standing, and compliant with all legal and regulatory requirements in Iowa. This status generally indicates a lower risk for lenders, as it suggests the business is responsibly managing its operations and meeting its obligations, which can positively impact its creditworthiness and operational stability.

2. Inactive

The business entity is not actively conducting business but has not been formally dissolved or withdrawn. It may have failed to meet some compliance requirements but has not yet been removed from the state's registry. This status raises concerns for lenders, as it may indicate financial difficulties, operational instability, or compliance issues, potentially increasing the risk associated with lending to such entities and necessitating a more thorough risk assessment.

Kansas

1. Merged out of Existence

The entity has merged with another entity and no longer exists as a separate entity in Kansas. Lenders should be cautious as this status indicates the original entity no longer exists, potentially affecting existing loan agreements and requiring reassessment of the merged entity's creditworthiness and operational stability.

2. Forfeited - Failed to Timely File I/R

The entity has lost its legal standing due to failure to file required information or reports (I/R) on time. It is no longer authorized to conduct business. This status raises significant red flags for lenders, indicating potential financial or operational issues, and may render the business ineligible for lending until its standing is restored.

3. Active and in Good Standing

The entity is currently operational, has met all filing requirements, and is in compliance with Kansas state regulations. This status is generally favorable for lending decisions, suggesting the business is responsibly managed and maintains regulatory compliance, which can positively impact its creditworthiness and operational stability assessment.

4. Withdrawn

The entity has voluntarily withdrawn its registration in Kansas and is no longer authorized to conduct business in the state. Lenders should exercise caution as this status indicates the business has ceased operations in Kansas, potentially affecting its ability to repay loans and requiring a reassessment of any existing lending agreements.

5. Dissolved

The entity has been formally dissolved, either voluntarily or involuntarily, and is no longer in existence. This status presents a high risk for lenders, as the business no longer exists legally, potentially impacting the recovery of outstanding loans and necessitating immediate action on any existing lending arrangements.

6. Expired

The entity's registration or authority to do business in Kansas has lapsed due to the expiration of its filing period or failure to renew. Lenders should be wary of this status as it indicates potential operational or financial issues, requiring further investigation into the business's current state and intentions before considering any lending decisions.

7. Registered

The entity is registered with the state and is authorized to conduct business but does not have a specified standing or compliance status. While this status indicates basic legal recognition, lenders should conduct additional due diligence to assess the business's current operational status, compliance history, and financial health before making lending decisions.

8. Delinquent

The entity has failed to meet certain compliance requirements, such as filing reports or paying fees, and is at risk of losing its good standing status. This status should raise concerns for lenders, as it may indicate financial difficulties or management issues, potentially impacting the business's creditworthiness and requiring careful evaluation of the reasons for delinquency before proceeding with any lending activities.

Kentucky

1. Inactive

The entity is not currently operational and may have failed to meet certain legal or regulatory requirements. It is not in good standing and is not authorized to conduct business in Kentucky. This status indicates a high-risk situation for lenders, as the business is non-operational and likely facing financial or regulatory challenges, significantly impacting its creditworthiness and ability to repay loans.

2. Active Good

The entity is currently operational, compliant with all legal and regulatory requirements, and in good standing with the state of Kentucky. This status suggests a lower risk for lenders, as it indicates the business is operating legally and meeting its obligations, which generally correlates with better financial health and stability, making it a more favorable candidate for lending.

3. Bad

The entity has serious compliance issues or has failed to meet regulatory requirements, resulting in a negative status. It is likely not authorized to conduct business and may face penalties or other legal actions. This status represents a significant red flag for lenders, indicating severe operational and potentially financial problems, which would likely make the business an extremely high-risk candidate for loans and require extensive due diligence if considering any lending activity.

Louisiana

1. Inactive

The entity is not currently operational in Louisiana. It may have failed to meet legal requirements, been voluntarily dissolved, or otherwise lost its authority to conduct business in the state. For alternative business lenders, this status indicates a high-risk situation, as the business lacks legal standing to operate, potentially impacting its ability to generate revenue and repay loans, and suggests significant operational instability or compliance issues that require thorough investigation before considering any lending activities.

2. Active

The entity is currently operational and in good standing with the state of Louisiana, having met all legal and regulatory requirements to conduct business. This status generally indicates a lower risk for alternative business lenders, as it suggests the business is compliant with state regulations and maintains the legal right to operate, which can be seen as a positive factor in assessing creditworthiness and operational stability; however, lenders should still conduct thorough due diligence on the business's financial health and performance metrics as part of their risk assessment process.

Maine

1. Active

The entity is currently operational and recognized by the state. It may or may not be in full compliance with all regulatory requirements. Lenders should conduct thorough due diligence to assess the entity's compliance status and operational stability, as this status alone doesn't guarantee full regulatory adherence.

2. Good Standing

The entity is fully compliant with all state requirements, including timely filing of reports and payment of fees. It is recognized as legally valid and authorized to conduct business. This status generally indicates a lower risk for lenders, as it demonstrates the entity's commitment to maintaining legal and financial obligations.

3. Not Good Standing

The entity has failed to meet one or more of the state's requirements, such as filing annual reports or paying fees, which affects its legal status. It may still operate but with restrictions. Lenders should exercise caution and investigate the specific reasons for this status, as it may indicate financial difficulties or management issues that could impact creditworthiness.

4. Administratively Suspended

The entity's status has been suspended by the state due to non-compliance with regulatory requirements. It is not authorized to conduct business until it rectifies the issues. This status represents a significant risk for lenders, as it indicates serious compliance issues and potential operational instability, which could affect the entity's ability to repay loans.

5. Cancelled

The entity's registration has been formally canceled, meaning it is no longer recognized as a legal entity authorized to do business in Maine. Lenders should avoid engaging with entities in this status, as they lack legal standing and the ability to enter into valid contracts, posing extreme risk for any lending activities.

6. Administratively Dissolved

The entity has been dissolved by the state due to failure to comply with legal obligations, such as filing required documents or paying fees. It is no longer authorized to operate. This status indicates severe non-compliance and operational cessation, making the entity an extremely high-risk prospect for lenders.

7. Dissolved

The entity has been formally dissolved, either voluntarily or involuntarily, and is no longer authorized to conduct business. Lenders should be aware that dissolved entities have ceased operations and lack legal standing, making them ineligible for most lending activities and posing significant recovery risks for any outstanding loans.

8. Authority of Foreign Entity Withdrawn

A foreign (out-of-state) entity has voluntarily withdrawn its authority to conduct business in Maine. It is no longer recognized as active in the state. Lenders should note that while the entity may still be operational in other states, its withdrawal from Maine could indicate a change in business strategy or financial circumstances, warranting careful evaluation of its overall stability and creditworthiness.

9. Authority Withdrawn

The authority of a foreign (out-of-state) entity to conduct business in Maine has been revoked by the state due to non-compliance with legal requirements. This status suggests serious compliance issues and potential operational instability in Maine, which could impact the entity's overall financial health and ability to meet loan obligations.

10. Expired

The entity's registration or authority to operate has expired due to failure to renew it in a timely manner. It is no longer authorized to conduct business. Lenders should approach entities with this status cautiously, as the expiration may indicate administrative oversights or more serious financial or operational issues that could affect creditworthiness.

11. Merged

The entity has merged with another entity and has ceased to exist independently. The surviving entity continues the business operations. Lenders should reassess the creditworthiness and stability of the surviving entity, considering the potential changes in financial structure, management, and operations resulting from the merger.

Maryland

1. Active

The entity is currently operational and in good standing, meeting all state requirements, such as filing necessary reports and paying fees. It is authorized to conduct business in Maryland. This status generally indicates a lower risk for lenders, as it suggests the business is compliant and financially responsible, potentially enhancing its creditworthiness and operational stability.

2. Forfeited

The entity has failed to comply with state requirements, such as filing reports or paying taxes, resulting in the forfeiture of its legal status. The entity is no longer authorized to conduct business and must take action to regain good standing. Lenders should exercise caution with forfeited entities, as this status may indicate financial difficulties, non-compliance, or operational instability, potentially increasing lending risks.

3. Dissolved

The entity has been formally dissolved, either voluntarily by its owners or involuntarily by the state. It has ceased all operations and is no longer authorized to conduct business. Dissolved entities present significant risks for lenders, as they are no longer operational and may have outstanding debts or legal issues, making them unsuitable for most lending activities.

4. Incorporated

The entity has been legally established as a corporation under Maryland law and is recognized as a separate legal entity from its owners. While incorporation provides some legal protections, lenders should still assess the business's financial health, operational history, and creditworthiness independently of its owners when making lending decisions.

5. Merged

The entity has merged with another entity, and it may no longer exist as a separate entity. The surviving entity continues operations under its name or a new name. Lenders should carefully evaluate the financial stability and creditworthiness of the surviving entity, considering any changes in ownership, management, or operations that may impact lending risks.

6. Old Name

The entity has changed its name, and this status refers to its former name before the change was legally recognized. Lenders should ensure they have up-to-date information on the entity's current name and status, verifying that the name change doesn't indicate any underlying issues that could affect the business's stability or creditworthiness.

7. Revived

The entity's status has been restored after it was previously forfeited or dissolved. It is now authorized to conduct business again after complying with state requirements. While revival indicates a commitment to compliance, lenders should carefully assess the reasons for the previous forfeiture or dissolution and evaluate the entity's current financial health and operational stability before making lending decisions.

8. Cancelled

The entity's registration has been formally canceled, meaning it is no longer recognized as a legal entity authorized to do business in Maryland. Cancelled entities pose significant risks for lenders, as they lack legal standing and are not authorized to conduct business, making them unsuitable candidates for most lending activities.

Minnesota

1. Active

The business is currently operational, has complied with all necessary filings, and is in good standing with the state. For lenders, this status generally indicates a lower risk profile, as it suggests the business is meeting its legal obligations and maintaining operational stability, which can positively impact its creditworthiness and ability to repay loans.

2. Inactive

The business is no longer active, which can be due to various reasons including failure to file annual reports, voluntary dissolution by the owners, or other compliance failures. This status raises significant red flags for lenders, as it indicates the business is no longer operational, which severely impacts its ability to generate revenue and repay loans, and may suggest past financial or compliance issues that could increase the risk of default.

Mississippi

1. Withdrawn by Merger

The entity has been withdrawn from the state registry due to a merger, typically absorbed by another entity. Lenders should be cautious as this status indicates a significant change in the business structure, potentially affecting creditworthiness and requiring a reassessment of the surviving entity's financial stability and lending terms.

2. Withdrawn

The entity has voluntarily withdrawn its business registration from  . This status suggests the business is no longer operating in Mississippi, which is crucial for lenders to consider as it may indicate a higher risk profile or the need to pursue lending opportunities in the new jurisdiction.

3. Cancelled

The entity's registration or authority to do business has been cancelled, often due to non-compliance or as part of a voluntary closure. Lenders should view this status as a red flag, indicating potential financial difficulties or regulatory issues that could significantly impact the business's ability to repay loans.

4. Dissolved

The business has been formally dissolved, ending its legal existence either voluntarily by its owners or involuntarily by the state due to compliance failures. This status is critical for lenders as it signifies the termination of the business entity, potentially affecting existing loans and eliminating future lending opportunities with this specific entity.

5. Void-Failure to File

The business registration has been declared void due to failure to file required annual reports or other necessary documents. Lenders should approach businesses with this status cautiously, as it may indicate poor administrative practices or financial difficulties that could impact loan repayment capabilities.

6. Name Change

The entity has legally changed its name; the status reflects that the records have been updated to reflect the new business name. While this status itself doesn't necessarily impact creditworthiness, lenders should ensure all documentation is updated to reflect the new name and investigate the reasons behind the change, as it could potentially signal rebranding due to past issues.

7. Merged

The business has merged with another entity. The original entity ceases to exist independently, and its assets and liabilities are absorbed by the surviving entity. Lenders need to reassess the creditworthiness of the surviving entity, considering the combined financial strength, potential synergies, and any assumed liabilities from the merged entity.

8. Good Standing

The business is compliant with all state regulations and filing requirements, and is authorized to conduct business in Mississippi. It has no outstanding penalties or non-compliance issues. This status is generally favorable for lenders, indicating regulatory compliance and potentially lower risk, though it should be considered alongside other financial and operational factors.

9. Revoked

The state has revoked the business's registration due to non-compliance with filing requirements, non-payment of fees, or other regulatory failures. The business is not authorized to operate until these issues are resolved and its status is reinstated. Lenders should view this status as a significant risk factor, indicating potential financial distress or management issues that could severely impact the business's ability to operate legally and repay loans.

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Missouri

1. Fictitious Expired

The registration for a fictitious name (often used for doing business as or DBA names) has expired and is no longer valid until renewed. Lenders should be cautious as this status may indicate poor administrative practices or financial difficulties, potentially impacting the business's ability to operate legally under that name and affecting its creditworthiness.

2. Cancelled

The business entity or fictitious name registration has been officially canceled, either by administrative action or voluntarily by the entity itself. This status suggests the business is no longer operational, presenting a high risk for lenders and indicating a need for thorough investigation before considering any lending activities.

3. Voluntarily Dissolved

The business entity has chosen to dissolve legally and cease operations through a voluntary process initiated by its owners or shareholders. Lenders should be aware that this status signifies the end of the business's operations, making it an extremely high-risk prospect for lending and likely ineligible for most financial products.

4. Term/Cancel

Indicates that the business entity's registration or authority has been terminated or canceled, often referring to foreign entities that no longer have the right to operate in Missouri. This status suggests a significant change in the business's legal standing and operational capacity, presenting substantial risks for lenders and requiring careful evaluation of any outstanding obligations.

5. Active

The business entity is registered and in good standing, actively operating, and compliant with all required filings and regulations. This status generally indicates a lower risk for lenders, as it suggests the business is meeting its legal obligations and maintaining operational stability, though further financial assessment is still necessary.

6. Admin Diss/Cancel - Report

The business entity was administratively dissolved or its registration was canceled due to failure to file required annual reports. This status raises concerns about the business's administrative practices and potentially its financial health, indicating a higher risk for lenders and necessitating thorough due diligence before considering any lending activities.

7. Fictitious Active

The fictitious name (DBA) is currently active and properly registered, allowing the business to operate under that name legally. While this status indicates compliance with name registration requirements, lenders should note that it doesn't necessarily reflect the overall financial health or operational status of the business, requiring further investigation.

8. Admin Diss/Cancel - Agent

The business entity was administratively dissolved or canceled because it failed to maintain a registered agent as required by law. This status suggests potential administrative negligence or financial difficulties, presenting increased risk for lenders and indicating a need for careful assessment of the business's current operational status and financial stability.

9. Good Standing

The business entity is compliant with all state requirements and has no outstanding administrative issues, making it legally authorized to conduct business. This status generally indicates a lower risk for lenders, as it suggests the business is meeting its legal and administrative obligations, though a comprehensive financial assessment is still necessary for lending decisions.

10. Forfeited

The business entity has lost its good standing due to non-compliance with state requirements, such as failing to file reports or pay fees. This status raises significant concerns about the business's administrative practices and potentially its financial health, indicating a higher risk for lenders and necessitating thorough due diligence before considering any lending activities.

11. Inactive - Merged

The business entity is no longer active because it has merged with another entity, and its separate legal existence has ceased. Lenders should be aware that while the business itself no longer exists independently, its obligations may have transferred to the new entity, requiring careful investigation of the merger terms and the surviving entity's financial status before making lending decisions.

12. Dissolved Nonprofit

A nonprofit entity has been formally dissolved, either voluntarily by its board or involuntarily by the state due to non-compliance with legal requirements. This status indicates the end of the nonprofit's operations, presenting a high risk for lenders and likely making the entity ineligible for most financial products, though careful consideration of any remaining assets or obligations may be necessary.

13. Withdrawn

The business entity, typically a foreign entity, has withdrawn its registration to operate in Missouri, ceasing its business activities in the state. This status suggests a significant change in the business's operations within Missouri, presenting substantial risks for lenders and requiring careful evaluation of any outstanding obligations or assets within the state before considering any lending activities.

Montana

1. Inactive-Partnership Expired

Indicates that a partnership has expired and is no longer active due to the passage of time or failure to renew its registration. Lenders should be cautious as this status suggests the business is no longer operational, potentially impacting its ability to repay loans and indicating a higher risk for lending.

2. Inactive Expired

Similar to Inactive-Partnership Expired, this status applies broadly to any business entity whose registration has lapsed due to non-renewal. This status raises red flags for lenders, as it indicates the business may no longer be actively operating, potentially affecting its creditworthiness and ability to generate revenue for loan repayment.

3. Voluntary Withdrawal

The business entity has chosen to withdraw its registration in Montana voluntarily. This is commonly used by foreign entities that no longer wish to operate in Montana. Lenders should be aware that this status indicates a deliberate cessation of operations in the state, which could signal a change in business strategy or financial difficulties, impacting the entity's overall stability and creditworthiness.

4. Involuntary Dissolution

The business has been dissolved by state action, typically due to non-compliance with filing requirements or regulatory obligations. This status is a significant concern for lenders, as it indicates severe compliance issues and potentially financial instability, making the business a high-risk prospect for lending.

5. Inactive-Cancelled

This status indicates that the entity's registration has been cancelled, either due to non-compliance, at the entity's request, or for administrative reasons like non-renewal of the registration. Lenders should approach these businesses with caution, as the cancelled status suggests potential operational or financial issues that could affect loan repayment capacity.

6. Active-Good Standing

This status signifies that the business is compliant with all Montana legal and filing requirements and is authorized to conduct business in the state. For lenders, this status is generally positive, indicating regulatory compliance and operational stability, which are favorable factors in assessing creditworthiness and lending risk.

7. Inactive-Revoked

The registration of the business has been revoked due to significant non-compliance with state laws, such as repeated failure to file required documents or pay fees. This status is a major red flag for lenders, indicating severe compliance issues and potentially financial instability, which significantly increases the risk associated with lending to such entities.

8. Expired Reserved Name

This status applies when a name that was reserved for potential use by a business entity has expired because the reservation period ended without the name being registered to an active business entity. While not directly indicative of operational or financial status, lenders should note that this could signal a delay or change in business plans, potentially affecting the entity's readiness for lending.

Nebraska

1. Inactive

This status is assigned to business entities that are no longer active, which could be due to several reasons such as non-compliance with annual filing requirements, failure to maintain a registered agent, or the business voluntarily ceasing operations. An inactive status means the business is not in good standing and cannot legally conduct business until it resolves the issues leading to its inactive status. For lenders, this status raises significant red flags, indicating potential financial distress, operational instability, or legal non-compliance, which substantially increases lending risk and necessitates thorough investigation before considering any lending decisions.

2. Active

This status indicates that the business entity is currently operational and has met all legal and filing requirements set forth by the state of Nebraska. The entity is in good standing and is authorized to conduct business within the state. For alternative business lenders, an active status generally suggests a lower risk profile, as it demonstrates the business's compliance with state regulations and ongoing operations, potentially indicating better creditworthiness and operational stability, though further financial assessment is still necessary for a comprehensive risk evaluation.

Nevada

1. Withdrawn

This status indicates that the entity has voluntarily withdrawn its business registration in Nevada, typically when a foreign corporation decides to cease operations in the state. For lenders, this status suggests the business has intentionally ended its operations in Nevada, potentially impacting its overall financial stability and ability to repay loans, especially if Nevada was a significant market for the company.

2. Revoked

The state has revoked the entity's business license or registration due to non-compliance with filing requirements, such as failing to submit annual lists or not maintaining a registered agent. This status raises red flags for lenders, as it indicates potential financial or operational issues, non-compliance with regulatory requirements, and increased risk in lending to such entities.

3. Permanently Revoked

Similar to "Revoked", but in this case, the revocation is permanent, typically due to repeated non-compliance or severe infractions. This status generally bars the entity from reinstating its business license in the state. For lenders, a permanently revoked status signifies a high-risk borrower, as it suggests a history of serious non-compliance and an inability to legally operate in Nevada, severely impacting the business's creditworthiness and operational viability.

4. Expired

This status is used for entities such as LLCs or corporations whose registration period has lapsed without renewal, often applied to business names or trademarks that are not renewed by the deadline. Lenders should approach businesses with expired status cautiously, as it may indicate financial difficulties, poor management, or a cessation of operations, all of which could affect the business's ability to repay loans.

5. Dissolved

The business has been legally dissolved, either voluntarily by resolution of its members or owners, or involuntarily by action from the state due to non-compliance with statutory requirements. For lenders, a dissolved status typically means the business has ceased operations, presenting a high risk for lending as there may be no ongoing revenue stream or assets to secure loans.

6. Default

This status is assigned to entities that have failed to comply with state requirements such as filing annual lists or paying the required fees, putting them in default of their obligations to the state. Lenders should view businesses in default status as higher risk, as it may indicate financial struggles, poor management, or a lack of attention to regulatory compliance, all of which could impact the business's stability and ability to meet loan obligations.

7. Active

The business entity is in good standing with the Nevada Secretary of State, having met all necessary legal and filing requirements. It is authorized to conduct business in the state. For lenders, an active status is generally positive, indicating compliance with state regulations and ongoing operations, which suggests a lower risk profile for lending decisions, though further financial due diligence is still necessary.

New Hampshire

1. Expired

The business entity's registration or filing has expired due to non-renewal by the required deadline. This status suggests potential operational issues or financial difficulties, increasing lending risk and requiring careful assessment of the business's current status and reasons for expiration.

2. Administratively Dissolved

The business has been dissolved by the state due to non-compliance with administrative requirements, such as failure to file annual reports or maintain a registered agent. Lenders should be extremely cautious, as this status indicates significant non-compliance and potential cessation of operations, severely impacting creditworthiness and operational stability.

3. Good Standing

The business entity is compliant with all filing and regulatory requirements, allowing it to operate legally within the state. This status generally indicates a lower risk for lenders, as it suggests the business is responsibly managing its administrative obligations and maintaining operational stability.

4. Dissolved

The business has been formally dissolved, either voluntarily by its owners or involuntarily by the state, and it has ceased operations. Lenders should avoid extending credit to dissolved entities, as they no longer legally exist and have no operational capacity to repay loans.

5. Not In Good Standing

The business is not compliant with state requirements, which may include filing failures, unpaid fees, or other regulatory non-compliances. This status raises red flags for lenders, indicating potential financial or operational issues that could impact the business's ability to meet loan obligations.

6. Active

The business is registered with the state, has met all necessary compliance requirements, and is authorized to conduct business. While this status is generally positive for lenders, it should be considered alongside other financial and operational factors to fully assess creditworthiness and stability.

7. Withdrawn

The entity has formally withdrawn its business registration in New Hampshire, typically done by foreign entities that decide to cease operations in the state. Lenders should be wary of extending credit to withdrawn entities in New Hampshire, as they no longer have legal authorization to operate in the state.

8. Admin. Suspension

The business's operations have been temporarily suspended by the state due to non-compliance with regulatory or filing requirements. This status indicates significant compliance issues, potentially affecting the business's operational stability and ability to generate revenue, thus increasing lending risk.

9. Rejected

A filing made by the business (such as for registration or for a specific transaction) has been rejected by the state due to errors, incompleteness, or failure to meet statutory requirements. While not necessarily indicating financial issues, this status suggests potential administrative challenges that could impact the business's stability and compliance, warranting closer scrutiny from lenders.

10. Administratively Suspended Name Protection

This specific suspension relates to the protection of a business name, indicating that the business's right to its name has been suspended due to non-compliance with certain administrative obligations. While primarily an administrative issue, this status may signal broader compliance problems, potentially affecting the business's operational stability and creditworthiness.

11. Administratively Suspended

This is a broader suspension status indicating that the business has not met required administrative conditions, leading to a temporary halt of its legal authority to operate. Lenders should approach such businesses with caution, as this status suggests significant compliance issues that could impact the entity's ability to operate legally and generate revenue.

New Mexico

1. Revoked Final

This status indicates that the entity's registration has been permanently revoked due to non-compliance with statutory requirements, such as failure to file annual reports or pay required fees, and the entity has not rectified the situation within the allowed timeframe. Lenders should consider this status as a significant red flag, indicating severe non-compliance and potential financial instability, making the entity an extremely high-risk prospect for lending.

2. Active

The entity is currently operational, compliant with all required filings and regulations, and is legally authorized to conduct business in New Mexico. This status generally suggests a lower risk for lenders, as it indicates the business is meeting its legal obligations and maintaining good standing, which can be a positive indicator of operational stability and financial responsibility.

3. Revoked

Similar to Revoked Final, but this status may still allow for a period during which the entity can rectify its non-compliance issues to regain its active status. Lenders should approach these entities with caution, as the revoked status indicates significant compliance issues, but the potential for reinstatement suggests the business may be working to resolve these problems, requiring careful assessment of the entity's current efforts and financial situation.

4. Cancelled

The entity's registration or authority to operate has been cancelled, typically at the request of the business or due to administrative processes when transitioning out of business activities. This status suggests the business is no longer operational, presenting a high risk for lenders and likely making the entity ineligible for most lending products due to its ceased operations.

5. Inactive

This status indicates that the entity is not currently conducting business activities, but it still exists legally. This can be due to various reasons, such as suspension or temporary cessation of operations. Lenders should be wary of inactive entities, as this status suggests a pause in operations that could impact the business's ability to generate revenue and repay loans, requiring thorough investigation into the reasons for inactivity and plans for resuming operations.

6. Withdrawal

This status is used when a foreign (out-of-state) entity formally withdraws its registration to operate in New Mexico, often when ceasing operations or relocating. For lenders, this status indicates that the business is no longer authorized to operate in New Mexico, which could significantly impact its ability to generate revenue in the state and may signal broader operational changes or challenges, necessitating a reassessment of any existing loans or lending considerations.

7. Voluntary Dissolution

The entity has chosen to dissolve legally and cease all operations, a process initiated voluntarily by its owners or shareholders. This status represents a high risk for lenders, as it indicates the business is in the process of closing down, likely making it ineligible for new loans and potentially impacting the repayment of existing debts.

8. New Corporation

Indicates that the entity is newly registered and has been recently incorporated under New Mexico law. While this status suggests a legally compliant start, lenders should note that new corporations often lack extensive credit history or proven operational stability, potentially representing higher risk and requiring more thorough due diligence in lending decisions.

9. Involuntarily Stricken

The entity has been removed from the registry involuntarily due to non-compliance with critical legal requirements or failure to respond to official communications regarding its status. This status is a significant red flag for lenders, indicating severe compliance issues and potential operational or financial problems, likely making the entity an unsuitable candidate for lending.

10. Dissolved

This status signifies that the entity has been formally dissolved and is no longer in existence. This can occur either voluntarily or involuntarily. For lenders, a dissolved status indicates that the business has ceased to exist legally, presenting an extremely high risk and making the entity ineligible for lending, with potential implications for any outstanding loans.

11. Statement Of Intent To Dissolve

This status is declared when an entity files a formal intention to dissolve with the Secretary of State, beginning the process of winding down operations and eventually leading to dissolution. Lenders should view this status as a clear indicator of impending business closure, representing a high risk for new lending and potentially affecting the repayment of existing loans, necessitating immediate review of any current financial engagements with the entity.

New York

1. Active

This status indicates that the business entity is currently operational, compliant with all filing requirements, and in good standing with the New York Department of State. An active status means the business is authorized to conduct operations within the state and has met all necessary legal and regulatory obligations. For lenders, this status generally suggests a lower risk profile, as it indicates the business is meeting its legal and financial responsibilities, which can be a positive indicator of operational stability and creditworthiness.

2. Inactive

This status means that the business entity is no longer active. This could be due to several reasons, such as failure to file required annual reports, non-payment of fees, or voluntary dissolution by the owners. An inactive status means the entity is not currently authorized to conduct business operations until any issues are resolved and the status is updated back to active, if applicable. Lenders should approach inactive businesses with caution, as this status may indicate financial difficulties, non-compliance, or cessation of operations, all of which significantly increase lending risk and raise concerns about the business's ability to repay loans or maintain stable operations.

North Carolina

1. Current - Active

The entity is current on all required documents and active on the NC Business Registry. This status indicates a business is compliant and operational, suggesting a lower risk profile for lenders and potentially better creditworthiness.

2. Multiple

An entity which is administratively dissolved or administratively revoked and suspended by the Department of Revenue or a licensing board. The word "multiple" indicates there is more than one applicable status. This status suggests significant compliance issues, potentially indicating higher risk for lenders and possible operational instability.

3. Suspended

The North Carolina Department of Revenue notified the NC Department of the Secretary of State to suspend the entity. No documents can be filed on an entity which is suspended by the Department of Revenue, with the exception of a Statement of Resignation of Registered Agent. This status indicates serious tax compliance issues, signaling high risk for lenders and potential operational challenges.

4. Dissolved

An entity filed Articles of Dissolution to close their business. They are not active on the NC Business Registry. This status indicates the business has voluntarily ceased operations, presenting significant risk for lenders and suggesting no ongoing business activity.

5. In Process

This status is used when a submission for a creation filing is received and the document is in process of being examined and filed. While this status indicates a new business formation, lenders should exercise caution as the entity is not yet fully established and may lack operational history.

6. Cancelled

An entity that filed a Certificate of Cancellation of its Registration of Limited Partnership, Limited Liability Partnership, or Limited Liability Limited Partnership. The entity s is no longer active on the NC Business Registry. This status signifies the business has voluntarily terminated its registration, presenting high risk for lenders and indicating cessation of operations.

7. Admin. Dissolved

The entity progressed through the administrative dissolution process without filing the required filings and a Certificate of Administrative Dissolution was issued. No documents, except changes to the Registered Agent can be filed on an administratively dissolved company. This status suggests severe compliance issues, indicating high risk for lenders and potential operational instability.

8. Revoked

The entity progressed through the administrative revocation process without filing the required filings and a Certificate of Administrative Revocation was issued. This status indicates significant non-compliance, suggesting high risk for lenders and potential operational and legal challenges.

9. Doc Tracking Canceled

This status indicates that the processing or tracking of a document, often within a governmental or organizational system, has been halted and effectively canceled. While this status may not directly impact the business's operations, it could signal administrative issues that lenders should investigate further.

10. Withdrawn

When a foreign entity doesn't want to do business in North Carolina and withdrawals their Certificate of Authority to do business in North Carolina. This status indicates the business has voluntarily ceased operations in the state, potentially impacting its market presence and financial stability.

11. PA Suspended

This status is used when a licensing board under N.C.G.S. Chapter 55B has suspended a business entity of record. This status suggests professional licensing issues, which could significantly impact the business's ability to operate and generate revenue, presenting increased risk for lenders.

12. Withdrawn by Merger

This status is used when a foreign entity registered with the NC Department of the Secretary of State, merges with another foreign entity or has converted to another foreign entity and the registration is no longer needed in North Carolina. This status indicates a significant change in business structure, which may impact the entity's financial stability and creditworthiness, requiring careful assessment by lenders.

13. Auto Dissolve

The General Assembly passed a bill to automatically dissolve entities for specific reasons. This status suggests the business has been forcibly dissolved due to legislative action, indicating high risk for lenders and likely cessation of operations.

14. Failure to Pay Fee

This status is used by the Budget Office when a creation document is submitted and there is an issue with the filing fee, such as non-sufficient funds or a closed account. This status may indicate financial difficulties or administrative oversights, potentially signaling increased risk for lenders and requiring further investigation into the business's financial management practices.

North Dakota

1. Inactive - Expired

This status indicates that the business entity's registration has expired due to the non-renewal of its business registration or other required periodic filings. Lenders should be cautious when considering loans to businesses with this status, as it suggests potential financial difficulties or operational instability, and may indicate increased risk due to the entity's non-compliance with state regulations.

2. Inactive - Involuntary

The entity has been made inactive against its wishes, usually due to non-compliance with state regulations such as failing to file annual reports or not maintaining a registered agent. This status raises significant red flags for lenders, as it indicates serious compliance issues and potential operational or financial problems, which could negatively impact the business's ability to repay loans.

3. Active

This status signifies that the business entity is in good standing with the state, having fulfilled all legal and filing requirements, and is authorized to conduct business in North Dakota. Active status generally indicates a lower risk for lenders, as it suggests the business is compliant, operational, and maintaining its legal obligations, which are positive factors for creditworthiness assessment.

4. Inactive - Converted Out

This status applies to a business entity that has changed its business type or structure and has registered as a new type of entity, typically in a different jurisdiction, ceasing to exist in its previous form in North Dakota. Lenders should be aware that this status may require additional due diligence to understand the implications of the conversion on the business's financial stability and legal standing in its new jurisdiction.

5. Inactive - Voluntary

The entity has chosen to become inactive on its own accord, which could involve voluntarily dissolving, withdrawing, or ceasing operations without transitioning to another state. This status presents significant risks for lenders, as it indicates the business has intentionally ceased operations in North Dakota, potentially impacting its ability to generate revenue and repay loans.

6. Inactive - Merged

This status is assigned to an entity that has merged with another entity, resulting in the cessation of its original corporate structure and operations under that registration in North Dakota. Lenders should carefully evaluate the implications of the merger on the business's financial health, operational stability, and legal obligations, as these factors can significantly impact the risk assessment and lending decision.

Ohio

1. Active

This status indicates that the business entity is currently in good standing with the Ohio Secretary of State. The entity has complied with all filing requirements and is authorized to conduct business in Ohio. For lenders, this status suggests a lower risk profile, as it demonstrates the business's commitment to regulatory compliance and ongoing operations, potentially indicating better creditworthiness and operational stability.

2. Held

This status often implies that the business's status is in a temporary state due to administrative reasons, such as pending review or processing of documentation. It may also relate to the reservation of a business name or other temporary measures that hold the status until final actions are completed. Lenders should approach businesses with this status cautiously, as it may indicate a transitional phase or unresolved administrative issues, potentially impacting the business's immediate ability to engage in certain transactions or access credit.

3. Dead

This status means that the business entity has been dissolved, either voluntarily by the business owners, involuntarily by the state due to non-compliance with filing requirements, or because it has merged into another entity. A "Dead" status entity is no longer authorized to conduct business. This status represents a significant risk for lenders, as it indicates the business has ceased operations and is no longer a legal entity, making any lending extremely risky and potentially impossible due to the lack of a valid borrowing entity.

4. Cancelled

This status indicates that the registration of the business entity has been cancelled. This can occur for various reasons, including the business voluntarily deciding to cancel its own registration or the state cancelling it due to non-compliance with legal requirements. For lenders, a cancelled status raises serious concerns about the business's operational status and legal standing, significantly increasing lending risk and potentially rendering the business ineligible for most forms of credit due to its lack of valid registration.

Oklahoma

1. Legal In use

This status indicates that the business name or trademark is currently in active use and registered under state law, fully compliant with all filing requirements. For lenders, this status suggests a business is operational and compliant, potentially indicating a lower risk profile, though further financial assessment is still necessary.

2. Legal Inactive

This status signifies that the business name or trademark is no longer in active use. It may not be dissolved but is not currently engaged in business activities or the name is not being used commercially. Lenders should exercise caution with inactive businesses, as this status may indicate financial difficulties or a pause in operations, potentially increasing lending risk.

3. Legal Expired

This status means that the registration for the business name or trademark has expired due to the entity not renewing it within the required timeframe. For lenders, an expired status raises red flags about the business's compliance and potentially its financial health, warranting careful scrutiny in lending decisions.

4. Tradename Active

This status indicates that a tradename (also known as a "doing business as" or DBA name) is currently active and legally registered, in use by the business entity. While an active tradename suggests ongoing business operations, lenders should verify that this aligns with the primary business entity's status and financial standing.

5. Legal Former

This status is used when a business name or trademark was previously in use but has since been changed or abandoned. The entity continues under a new name or registration. Lenders should investigate the reasons for the name change and ensure continuity of operations and financial stability under the new entity.

6. Tradename Withdrawn

This status means that the tradename registration has been formally withdrawn, either voluntarily by the business entity or due to compliance failures. For lenders, a withdrawn tradename may signal changes in business strategy or potential compliance issues, necessitating a thorough review of the business's current operational and financial status.

7. Tradename Transferred

This status indicates that the rights to use a tradename have been transferred from one entity to another, through a legal process of assignment or sale. Lenders should carefully assess the implications of this transfer on the business's operations, ownership structure, and financial obligations to understand potential risks or opportunities.

8. Fictitious Expired

Similar to "Legal Expired," this status refers to a fictitious business name or DBA that has not been renewed by the deadline and therefore its registration has lapsed. An expired fictitious name may indicate oversight in compliance or potential changes in business operations, prompting lenders to investigate the current status of the business and its financial health before making lending decisions.

Oregon

1. ACT - Active

Active. This status indicates that the business is currently operating and in compliance with state requirements, suggesting a lower risk profile for lenders due to the entity's ongoing operations and regulatory adherence.

2. DEL - Deleted

Deleted. This status implies that the business entity has been removed from state records, signaling a high risk for lenders as the company may no longer exist legally or operationally, potentially impacting loan repayment ability and overall creditworthiness.

3. INA - Inactive

Inactive. An inactive status suggests the business is not currently operating, which could indicate financial difficulties or a temporary cessation of activities, raising concerns for lenders about the entity's ability to generate revenue and repay loans.

4. IP - In Process

In Process. This status indicates that the business entity is in the process of being formed or registered, which may present both opportunities and risks for lenders, as the business is not yet fully established but could be seeking startup capital.

5. NON -  Nonfileable

Nonfileable. These entities are not yet filed for various reasons. This status suggests potential compliance issues or incomplete documentation, which could raise red flags for lenders regarding the business's organizational stability and adherence to regulatory requirements.

6. UNF - Unfiled

Unfiled. An unfiled status may indicate that the business has not completed necessary filings or registrations, potentially signaling compliance issues or operational instability that lenders should carefully consider in their risk assessment process.

Pennsylvania

1. Active

The business entity is registered and compliant with all state requirements, allowing it to legally operate within Pennsylvania. This status generally indicates a lower risk for lenders, as it suggests the business is meeting its legal obligations and maintaining good standing, which can be a positive indicator of operational stability and financial responsibility.

2. Inactive - Dissolved

The entity has been formally dissolved and is no longer authorized to conduct business. Dissolution could be voluntary or forced by the state due to non-compliance. Lenders should exercise extreme caution when considering lending to dissolved entities, as they no longer have legal authority to operate and may face significant challenges in repaying loans or maintaining creditworthiness.

3. Inactive - Terminated

Similar to dissolution, this status indicates the entity has been officially terminated and ceased to exist legally. This status presents a high risk for lenders, as the business no longer exists as a legal entity, making loan recovery extremely difficult and potentially impossible.

4. Inactive - Expired

This status generally applies to entities such as limited partnerships, limited liability partnerships, or limited liability companies where registration or existence has a time limit which has expired. Lenders should be wary of businesses with this status, as it indicates a failure to maintain proper registration, which could signal operational instability or financial difficulties.

5. Inactive - Cancelled

The registration or authority of the entity to operate has been cancelled, typically due to non-compliance, failure to file necessary renewals, or non-payment of fees. This status raises significant red flags for lenders, as it suggests the business has failed to meet basic operational requirements, potentially indicating financial distress or mismanagement.

6. Inactive - Merged Out

The entity has merged with another entity and no longer exists as a separate legal entity. While this status doesn't necessarily indicate financial trouble, lenders should carefully assess the new merged entity's financial health and creditworthiness, as the original borrower no longer exists independently.

7. Active - County Orphan

This is a less common status and typically refers to entities that have been taken over by a county due to abandonment or lack of proper succession or management. Lenders should approach businesses with this status with extreme caution, as it indicates significant management issues and potential financial instability, making loan repayment highly uncertain.

8. Inactive - Withdrawn - Consolidated Inactive

The entity has formally withdrawn its business operations from the state and consolidated its activities, making it inactive in Pennsylvania. This status suggests the business is no longer operating in Pennsylvania, which could significantly impact its ability to repay loans and maintain creditworthiness in the state, requiring lenders to reassess the risk associated with any existing or potential loans.

Rhode Island

1. Cancelled

This status indicates that the business entity's registration has been cancelled, either voluntarily by the business owners or involuntarily by the state due to non-compliance with regulatory requirements. For lenders, this status suggests a high-risk situation, as the business is no longer legally recognized and may have ceased operations, significantly impacting its ability to repay loans or maintain financial obligations.

2. Conversion

This status is used when a business entity changes its type (e.g., from a corporation to an LLC) through a legal process known as conversion. Lenders should be aware that while this status doesn't necessarily indicate financial instability, it may require reassessment of the business's legal structure, tax obligations, and potential changes in liability, which could impact lending decisions and risk assessment.

3. Dissolved

Indicates that the business has been legally dissolved, which may occur either voluntarily by resolution of its members or involuntarily by the state due to non-compliance. This status is a red flag for lenders, signaling the end of the business's operations and a high risk for any outstanding loans, as the entity no longer exists legally and may have limited assets for repayment.

4. Revoked Authority

This status refers to foreign entities whose authority to operate in Rhode Island has been revoked due to non-compliance with state requirements such as failure to file annual reports or pay necessary fees. For lenders, this status indicates a significant risk, as it suggests the business is non-compliant and may face legal and operational challenges in the state, potentially affecting its ability to generate revenue and meet financial obligations.

5. Revoked Entity

Similar to "Revoked Authority," but this applies to domestic entities that have had their business license or registration revoked due to non-compliance. This status represents a high-risk scenario for lenders, as it indicates severe non-compliance issues that have resulted in the loss of legal operating status, potentially impacting the business's ability to function and repay loans.

6. Name Reservation

This status means a particular business name has been reserved; the reservation holds the name for a specified period, preventing other entities from registering under the same name. While not directly indicative of operational or financial status, lenders should note that this status suggests a business may be in its early planning stages, requiring careful assessment of business plans and potential risks associated with startup ventures.

7. Withdrawn

This status is assigned when a business formally withdraws its operations from Rhode Island, typically when it ceases to do business in the state or moves to another jurisdiction. Lenders should view this status as a potential risk, as it may indicate a reduction in operations or market presence, which could impact the business's revenue streams and ability to service debt in the state.

8. Merged into an entity of record

This status is used when a business merges into another entity, and as a result, it ceases to exist as a separate legal entity. For lenders, this status necessitates a reevaluation of any existing loans or credit agreements, as the original borrowing entity no longer exists independently, and obligations may have transferred to the new merged entity, potentially altering the risk profile.

9. Forfeited

This status often refers to the loss of the business's good standing due to failure to meet legal obligations such as filing annual reports or paying fees, similar to dissolution. Lenders should consider this a high-risk status, as it indicates non-compliance with state requirements and potential financial difficulties, which may significantly impact the business's operational stability and ability to meet loan obligations.

10. Expired

This status is typically used for businesses that have not renewed their registration or other required credentials and thus are no longer legally recognized to operate. For lenders, an expired status represents a significant risk, as it suggests the business may no longer be operating legally, potentially impacting its ability to generate revenue and maintain financial stability necessary for loan repayment.

11. Revocation Notice

This is a notice issued prior to the actual revocation of a business's status, typically warning of pending revocation due to non-compliance with statutory requirements. While not a final status, lenders should view this as a serious warning sign, indicating potential compliance issues that could lead to loss of legal operating status if not addressed promptly, thus increasing the risk profile of the business.

South Carolina

1. Forfeited

This status indicates that the entity has lost its good standing with the state due to failure to comply with statutory requirements such as filing annual reports or paying fees. This can affect the entity's ability to legally operate within the state. For lenders, a forfeited status raises significant red flags about the business's financial management and compliance practices, potentially indicating higher risk and requiring careful consideration before extending credit.

2. Good Standing

An entity in good standing is fully compliant with all South Carolina state requirements, such as filing annual reports and paying necessary fees, and is authorized to conduct business. This status generally suggests a lower risk profile for lenders, as it indicates the business is responsibly managing its regulatory obligations and maintaining its legal right to operate, which can be viewed positively in credit assessments.

3. Dissolved

This status means the entity has been formally dissolved either voluntarily by its members or involuntarily by the state due to non-compliance with required regulations. Once dissolved, the entity ceases to legally exist. Lenders should be extremely cautious when encountering a dissolved status, as it signifies the business is no longer operational, potentially impacting loan repayment ability and raising serious concerns about creditworthiness.

4. Reserved

This status is used when a name has been reserved for future use by a business entity. This prevents other entities from registering the same name for a specified period, typically for 120 days. While a reserved status doesn't directly impact lending decisions, it may indicate a business in its early planning stages, requiring lenders to gather more information about the entity's operational status and financial projections before considering any lending arrangements.

5. No agent

This indicates that the entity currently does not have a registered agent on file. A registered agent is necessary for receiving legal service of process and other official communications in the state. For lenders, the absence of a registered agent may signal compliance issues or operational instability, potentially increasing the risk associated with lending to the business and necessitating further investigation into the entity's current status and management practices.

South Dakota

1. Active

The entity is currently in good standing and legally authorized to operate in South Dakota. This status signifies that all required filings and payments are up-to-date. For lenders, this status generally indicates a lower risk profile, as it suggests the business is compliant and operationally stable, potentially enhancing its creditworthiness.

2. Cancelled

This status indicates that the business entity's registration has been canceled, either voluntarily by the business or involuntarily by the state, often due to non-compliance with filing requirements or failure to pay fees. Lenders should exercise extreme caution when considering loans to cancelled entities, as this status implies a significant disruption in operations and potential financial instability.

3. Delinquent

The entity has failed to comply with certain statutory requirements, such as filing reports or paying fees, which places it at risk of being dissolved or having its status revoked if not rectified. This status raises red flags for lenders, indicating potential financial difficulties or management issues that could impact the business's ability to repay loans.

4. Dissolved

The business entity has been formally dissolved, either voluntarily by its owners or involuntarily by the state due to non-compliance. It is no longer legally recognized to operate in South Dakota. Lenders should avoid extending credit to dissolved entities, as they no longer have legal standing and are unlikely to generate revenue or repay debts.

5. Dissolved (Administrative)

The entity has been dissolved by the state due to failure to meet administrative requirements, such as not filing required reports or not maintaining a registered agent. This status indicates severe compliance issues and operational instability, making such entities high-risk prospects for lenders.

6. Good Standing

The entity has met all statutory requirements, such as filing annual reports and paying fees, and is authorized to conduct business in South Dakota without any penalties or compliance issues. For lenders, this status is generally favorable, suggesting responsible management and compliance, which may correlate with better financial health and loan repayment capacity.

7. Inactive (Other)

This status indicates that the entity is no longer active in South Dakota due to reasons other than dissolution or termination, such as a lapse in renewal or temporary suspension. Lenders should approach inactive entities with caution, as this status suggests a pause in operations that could impact the business's ability to generate revenue and repay loans.

8. Terminated

This status indicates that the entity's existence has been ended, either by reaching a specified end date set at formation or through a formal process of termination initiated by the entity or mandated by the state. Lenders should avoid extending credit to terminated entities, as they no longer have legal standing to operate or enter into new financial obligations.

9. Withdrawn

This status is applied to foreign entities that have voluntarily decided to cease operations in South Dakota and have formally withdrawn their registration with the state. For lenders, a withdrawn status indicates that the entity no longer has a legal presence in South Dakota, which could significantly impact its ability to conduct business and repay loans in the state.

Tennessee

1. Active

The entity is in good standing and legally authorized to conduct business in Tennessee. It has met all filing requirements and is current with any necessary fees. This status generally indicates a lower risk for lenders, as it suggests the business is compliant with state regulations and likely maintains good financial practices.

2. Inactive

This status indicates that the entity is no longer active or in good standing. The entity may have failed to meet certain state requirements, such as filing annual reports or paying fees. Lenders should exercise caution when considering loans to inactive entities, as this status may indicate financial difficulties or operational instability.

3. Inactive - Name Changed

The entity's status is inactive due to its name being changed. This status often indicates that the original entity is no longer active under its former name, possibly due to rebranding or restructuring. Lenders should verify the current legal name and status of the business, as well as investigate the reasons behind the name change to assess any potential risks.

4. Inactive - Name Cancelled

The entity's status is inactive because its name registration has been cancelled. This could occur if the entity fails to renew its assumed name or if the name was voluntarily cancelled by the entity. Lenders should be cautious, as this status may indicate a lack of attention to administrative details or potential cessation of operations.

5. Inactive - Dissolved (Administrative)

This status indicates that the entity has been administratively dissolved by the state due to failure to comply with state requirements, such as not filing annual reports or not maintaining a registered agent. This status raises significant concerns for lenders, as it suggests serious compliance issues and potential financial instability.

6. Inactive - Name Expired

This status means the entity's registered name has expired, likely because the entity did not renew the name registration within the required timeframe. While this may be an administrative oversight, lenders should investigate further to ensure the business is still operational and financially stable.

7. Inactive - Revoked (Revenue)

The entity's status has been revoked due to issues related to the Department of Revenue, such as failing to pay taxes or other financial obligations. This status is a red flag for lenders, indicating significant financial problems and potential legal issues that could affect the business's ability to repay loans.

8. Inactive - Terminated

This status indicates that the entity has been terminated and is no longer authorized to conduct business in Tennessee. Termination can be voluntary or due to failure to comply with legal obligations. Lenders should avoid extending credit to terminated entities, as they no longer have legal standing to operate in the state.

9. Inactive - Expired

The entity's status is inactive because it has not renewed its registration or other credentials necessary for legal operation within the required timeframe. This status suggests potential operational issues or neglect of administrative responsibilities, which may indicate broader financial or management problems that could impact creditworthiness.

10. Inactive - Withdrawn

This status applies to foreign entities that have voluntarily withdrawn their registration from Tennessee and are no longer authorized to conduct business in the state. Lenders should be aware that these entities may still be active in other states but have chosen to cease operations in Tennessee, which could affect their overall financial stability and ability to repay loans.

Texas

1. Exemption

This status indicates that the entity has been granted an exemption from certain filing or regulatory requirements under specific conditions outlined by Texas law. Lenders should be aware that while exempted entities may have reduced regulatory burdens, this status could potentially impact the availability of public records or standard financial documentation, necessitating additional due diligence in the lending process.

2. Involuntary Termination

This status means the entity's existence has been terminated by the state without the entity's consent, typically due to failure to comply with legal requirements such as filing annual reports or paying necessary fees. For lenders, this status is a significant red flag, indicating severe non-compliance issues and likely operational instability, which would substantially increase lending risk and potentially render the entity ineligible for most financing options.

3. Involuntary Termination of Registration

Similar to involuntary termination, this status indicates that a foreign entity's registration to conduct business in Texas has been terminated by the state due to non-compliance with state requirements. Lenders should view this status as a major concern, as it suggests the entity is no longer legally authorized to operate in Texas, potentially impacting its ability to generate revenue and repay loans in the state.

4. Registration

This status indicates that the entity is properly registered with the state of Texas and has filed all necessary paperwork to legally operate within the state. For lenders, this status generally suggests a baseline level of compliance and operational legitimacy, which can be viewed favorably in initial risk assessments, though further financial due diligence would still be necessary.

5. Registration Exemption

This status indicates that the entity is exempt from registering with the state, usually under specific statutory conditions that apply to certain types of organizations or activities. Lenders should note that while this status may be legitimate, it could potentially limit the availability of standard public records, requiring additional verification of the entity's legal status and financial health during the lending process.

6. Registration in Suspense

This status indicates that the entity's registration is temporarily suspended, often pending resolution of compliance issues such as missing filings or unpaid fees. For lenders, this status raises concerns about the entity's current operational status and financial stability, suggesting a need for careful investigation into the reasons for suspension and the likelihood of resolution before considering any lending decisions.

7. Suspense

This status signifies that the entity's operations are temporarily suspended. It may be due to administrative reasons or ongoing investigations, which prevent the entity from conducting normal business activities. Lenders should view this status as a significant risk factor, indicating potential legal or financial issues that could severely impact the entity's ability to generate revenue and meet loan obligations.

8. Voluntary Termination

This status means the entity has voluntarily chosen to terminate its existence. The decision is typically made by the entity's owners or board of directors and involves filing the necessary termination documents with the state. For lenders, this status effectively eliminates lending opportunities, as the entity is in the process of ceasing operations and winding down its affairs.

9. Voluntary Termination Exemption

This status indicates that an entity is exempt from certain requirements related to voluntary termination, possibly under specific conditions or laws applicable to its business type. Lenders should approach entities with this status cautiously, as it suggests the business is in the process of termination, albeit under special circumstances, which could significantly impact its ability to repay loans or maintain operations.

10. Voluntary Termination of Registration

This status applies to foreign entities that have voluntarily chosen to terminate their registration to do business in Texas and have filed the necessary documents to cease operations in the state. Lenders should consider this status as a clear indication that the entity is no longer authorized to conduct business in Texas, significantly increasing lending risk and potentially eliminating lending opportunities within the state.

11. Voluntary Termination of Registration Exemption

This status means that the entity is exempt from specific requirements related to the voluntary termination of its registration, under conditions defined by Texas law. For lenders, this status suggests that the entity is in the process of ceasing operations in Texas under special circumstances, which could significantly impact its ability to generate revenue or repay loans within the state, necessitating careful evaluation of any lending decisions.

Utah

1. Active

This status indicates that the business entity is in good standing with the state of Utah. It has met all necessary legal requirements, including filing annual reports and maintaining a registered agent, and is authorized to conduct business within the state. For lenders, an active status generally suggests a lower risk profile, as it demonstrates the business's compliance with state regulations and ongoing operational stability, which can positively impact creditworthiness assessments.

2. Expired

The status of "Expired" means that the business entity's registration has not been renewed by the required deadline, resulting in the loss of its good standing. The entity is no longer authorized to conduct business in Utah until it renews its registration and meets all state requirements. Lenders should approach expired entities with caution, as this status may indicate financial difficulties, operational issues, or negligence in maintaining legal compliance, potentially increasing the risk associated with lending to such businesses.

3. Delinquent

A "Delinquent" status indicates that the business entity has failed to comply with certain state requirements, such as filing necessary documents or paying required fees. Entities in this status may face penalties and are at risk of having their status changed to inactive or dissolved if the delinquency is not corrected. For alternative business lenders, a delinquent status raises red flags regarding the entity's financial management and regulatory compliance, potentially signaling higher risk and necessitating more thorough due diligence before making lending decisions.

Vermont

1. Withdrawn

This status applies to foreign entities that have voluntarily decided to cease doing business in Vermont and have officially withdrawn their registration with the state. For lenders, this status indicates that the business is no longer operating in Vermont, which may significantly impact its creditworthiness and ability to repay loans, requiring careful consideration in lending decisions and risk assessment.

2. Dissolved

This status means the business entity has been formally dissolved, either voluntarily by the entity's owners or involuntarily by the state due to non-compliance with legal obligations. A dissolved entity is no longer authorized to conduct business. Lenders should be extremely cautious when considering loans to dissolved entities, as they have ceased operations and likely have limited assets or income streams, posing a high risk for default.

3. Inactive

An inactive status indicates that the business entity is not currently in good standing and is not active. This could be due to various reasons, such as failure to meet state compliance requirements, but it has not been formally dissolved or terminated. Lenders should view inactive businesses as high-risk borrowers, as their non-compliance may indicate financial difficulties or operational instability, potentially affecting their ability to repay loans.

4. Expired

This status signifies that the business entity's registration or authority to operate in Vermont has lapsed due to failure to renew necessary filings or credentials within the required timeframe. The entity is not authorized to conduct business until it renews its registration. For lenders, an expired status raises concerns about the business's operational stability and compliance practices, potentially indicating financial difficulties that could impact loan repayment ability.

5. Terminated

This status indicates that the business entity's existence has officially ended. Termination can be voluntary, initiated by the entity, or involuntary, mandated by the state due to non-compliance with legal requirements. Lenders should treat terminated entities as extremely high-risk, as they have ceased to exist legally and likely have no ongoing operations or assets to support loan repayment.

6. Cessated

This is a less common status and typically indicates that the entity has ceased operations, often through a specific legal or administrative process. It is similar to dissolution or termination but may imply a suspension rather than a permanent end of operations. For lenders, a cessated status suggests a high-risk borrower with uncertain future prospects, requiring thorough investigation into the specific circumstances and potential for resuming operations before considering any lending.

7. Cancelled

This status means the entity's registration has been officially canceled, often due to non-compliance with regulatory requirements or at the entity's request. It indicates that the entity is no longer legally recognized by the state. Lenders should approach cancelled entities with extreme caution, as their lack of legal recognition likely indicates ceased operations and potential financial instability, significantly increasing the risk of loan default.

8. Active

This status indicates that the business entity is currently in good standing and has met all necessary legal requirements, including filing reports and paying fees. It is authorized to conduct business in Vermont. For lenders, an active status generally suggests a lower-risk borrower with ongoing operations and compliance with state regulations, though further financial due diligence is still necessary for a comprehensive risk assessment.

Virginia

1. Active

This status indicates that the business entity is in good standing with the Virginia State Corporation Commission (SCC). It means the entity has met all required legal obligations, including filing annual reports and paying fees, and is authorized to conduct business in Virginia. For lenders, an active status generally suggests a lower risk profile, as it demonstrates the business's compliance with regulatory requirements and indicates ongoing operational stability, which can positively impact creditworthiness assessments.

2. Pending Inactive

This status typically means that the business entity is in the process of becoming inactive. This could be due to an upcoming deadline for filing documents or paying fees that, if not met, will result in the entity being moved to inactive status. Lenders should approach businesses with this status cautiously, as it may indicate potential financial or operational issues that could affect the entity's ability to repay loans, and further investigation into the reasons for the pending inactive status is advisable for accurate risk assessment.

3. Inactive

An inactive status indicates that the business entity is not currently in good standing with the SCC. This status may result from failure to file required documents, pay necessary fees, or maintain a registered agent. An inactive entity is not authorized to conduct business in Virginia until it resolves the issues leading to this status. For lenders, an inactive status represents a significant red flag, suggesting potential financial distress, operational challenges, or non-compliance with regulatory requirements, which could substantially increase the risk associated with lending to such entities and negatively impact their creditworthiness.

Washington

1. Active

This status indicates that the business entity is currently in good standing with the Washington Secretary of State. It means the entity has met all filing and fee requirements and is authorized to conduct business in Washington. For lenders, this status suggests a lower risk profile, as it demonstrates the business's compliance with state regulations and its ability to maintain good standing, which can be indicative of overall operational stability and financial responsibility.

2. Administratively Dissolved

This status means the entity has been dissolved by the state due to failure to comply with legal requirements, such as not filing annual reports or not maintaining a registered agent. An administratively dissolved entity is not allowed to conduct business in Washington unless it is reinstated. Lenders should exercise extreme caution when considering loans to businesses with this status, as it indicates significant non-compliance issues and potential operational instability, which could greatly impact the business's ability to repay loans.

3. Inactive

This status indicates that the business entity is not currently active and is not in good standing with the state. This can occur due to failure to meet certain requirements, such as not filing necessary documents or not paying required fees. For lenders, an inactive status raises red flags about the business's operational status and compliance, suggesting higher risk and potential difficulties in loan repayment, thus requiring thorough investigation before considering any lending decisions.

4. Delinquent

The entity has failed to comply with certain state requirements, such as filing reports or paying fees, which has caused it to be marked as delinquent. Delinquent entities are at risk of being administratively dissolved if the issues are not resolved. Lenders should approach businesses with this status cautiously, as it may indicate financial difficulties or management issues that could affect the business's creditworthiness and ability to meet loan obligations.

5. Terminated

This status means the entity's legal existence has been ended, either by voluntary decision of the entity's owners or by the state due to failure to comply with requirements. A terminated entity is no longer authorized to conduct business. For lenders, a terminated status essentially means the business no longer exists legally, making it an extremely high-risk or impossible lending prospect, and any outstanding loans to such entities may need to be reassessed for potential losses.

6. Voluntarily Dissolved

The entity has chosen to dissolve itself voluntarily through a formal process. This means the entity has filed the necessary paperwork to end its existence and has ceased operations in Washington. Lenders should be aware that voluntarily dissolved businesses have intentionally ceased operations, making them unsuitable for new loans and potentially impacting the repayment of any existing loans, which may need to be addressed through the dissolution process.

7. Withdrawn

This status applies to foreign entities that have chosen to cease their business activities in Washington and have officially withdrawn their registration with the state. For lenders, a withdrawn status indicates that the business has formally ended its operations in Washington, which could significantly impact its ability to generate revenue in the state and potentially affect its overall financial stability, requiring careful consideration in lending decisions and risk assessments.

West Virginia

1. Active

This status indicates that the business entity is currently in good standing with the West Virginia Secretary of State. The entity has met all legal requirements, such as filing necessary documents and paying required fees, and is authorized to conduct business within the state. For lenders, an Active status generally suggests a lower risk profile, as it demonstrates the business's compliance with state regulations and ongoing operational stability, which can positively impact creditworthiness assessments.

2. Not Active

This status means that the business entity is not currently in good standing or authorized to conduct business in West Virginia. This could be due to various reasons, such as failure to file required reports, non-payment of fees, or other compliance issues. An entity marked as "Not Active" may need to take specific actions to restore its good standing status. Lenders should approach Not Active businesses with caution, as this status may indicate financial difficulties, operational issues, or non-compliance, potentially increasing the risk associated with lending and raising concerns about the business's current stability and creditworthiness.

Wisconsin

1. Administratively Dissolved

This status indicates that the entity has been dissolved by the state due to failure to comply with certain legal requirements, such as filing annual reports or maintaining a registered agent. An administratively dissolved entity is no longer allowed to conduct business in Wisconsin until it is reinstated. Lenders should exercise extreme caution when considering loans to such entities, as their inability to maintain compliance suggests significant operational issues and potential financial instability.

2. Restored to Good Standing

This status means that a business entity that was previously not in good standing has met all necessary legal requirements, such as filing overdue reports or paying fees, and is now authorized to conduct business in Wisconsin again. While this status indicates a positive change, lenders should carefully review the entity's history and reasons for previous non-compliance to assess potential risks and the likelihood of maintaining good standing.

3. Dissolved

The business entity has been formally dissolved and is no longer in existence. Dissolution can occur voluntarily, initiated by the entity's owners, or involuntarily, mandated by the state due to non-compliance with regulations. Lenders should avoid extending credit to dissolved entities as they no longer legally exist and have no capacity to repay loans.

4. Involuntarily Dissolved

Similar to "Administratively Dissolved," this status indicates that the state has dissolved the entity against its will due to failure to meet statutory obligations, such as filing necessary documents or paying required fees. This status suggests serious compliance issues and potential financial difficulties, making such entities high-risk for lenders.

5. Incorporated/Qualified/Registered

This status means that the entity has been officially formed and recognized by the state as a legal business entity. This includes domestic entities that have been incorporated within Wisconsin and foreign entities that have been qualified or registered to do business in the state. While this status indicates legal recognition, lenders should still conduct thorough due diligence on the entity's financial health and operational history.

6. Revocation/Termination of Certificate/Registration

This status indicates that the entity's authority to operate in Wisconsin has been revoked or terminated, usually due to non-compliance with legal requirements or failure to maintain good standing. Lenders should be extremely cautious with such entities, as they lack legal authority to operate and may face significant challenges in conducting business or repaying loans.

7. Delinquent

The entity is overdue in filing required documents or paying fees and is not in good standing with the state. If the delinquency is not addressed, it may lead to administrative dissolution or other penalties. This status suggests potential financial or operational issues, and lenders should carefully assess the reasons for delinquency and the entity's plan to rectify the situation before considering any lending decisions.

8. Merged, acquired

This status applies when an entity has merged with or been acquired by another entity. The original entity ceases to exist as an independent entity and becomes part of the surviving entity. Lenders should reassess the creditworthiness of the surviving entity, considering the impact of the merger or acquisition on its financial stability and operational capacity.

9. Withdrawal

This status is used for foreign entities that have chosen to cease doing business in Wisconsin and have officially withdrawn their registration with the state. Lenders should be cautious about extending credit to withdrawn entities, as they no longer have legal authority to operate in Wisconsin, potentially impacting their ability to generate revenue and repay loans.

10. Organized

This status indicates that a business entity has been legally formed and is recognized as a distinct legal entity. It typically applies to newly established entities. While this status confirms legal recognition, lenders should note that newly organized entities may lack substantial operational history or credit record, necessitating careful risk assessment.

11. Registered

The entity has been officially registered with the state and is recognized as a legal entity allowed to conduct business in Wisconsin. This status is often used for foreign entities operating within the state. Lenders should verify the entity's standing in its home state and assess its operational history and financial stability both in Wisconsin and its primary jurisdiction.

12. Certificate of Cancellation

This status indicates that the entity's registration or certificate to do business in Wisconsin has been officially cancelled, usually at the request of the entity or due to non-compliance with state laws. Lenders should be extremely cautious about extending credit to entities with cancelled certificates, as they lack legal authority to operate in Wisconsin, potentially impacting their ability to generate revenue and repay loans.

Wyoming

1. Active

This status indicates that the business entity is in good standing and is authorized to conduct business in Wyoming. The entity has met all filing requirements, including paying any necessary fees and maintaining a registered agent. For lenders, this status suggests a lower risk profile, as it demonstrates the business's compliance with state regulations and ongoing operational stability, potentially indicating better creditworthiness.

2. Inactive- Administratively Dissolved "Tax"

This status means the business entity has been dissolved by the state due to non-compliance with tax obligations. This administrative dissolution occurs when an entity fails to file required tax reports or pay taxes, leading to the loss of its good standing and authority to operate in Wyoming. Lenders should exercise caution with businesses in this status, as it indicates significant financial and compliance issues, potentially impacting the business's ability to repay loans and suggesting a higher risk for lending.

3. Inactive- Withdraw/Dissolve/Cancel Dissolved "Tax"

This status applies to entities that have chosen to withdraw from doing business in Wyoming or have been dissolved or canceled by the state due to tax-related issues. It indicates that the entity is no longer active or authorized to conduct business in Wyoming due to non-compliance with tax laws or voluntary withdrawal. For lenders, this status represents a high-risk scenario, as the business is no longer operational in the state, potentially due to financial difficulties or regulatory non-compliance, significantly impacting its creditworthiness and ability to fulfill financial obligations.

4. Inactive- Dissolved

This status indicates that the business entity has been formally dissolved and is no longer in existence. Dissolution can occur voluntarily by the entity's owners or involuntarily by the state due to non-compliance with regulatory or filing requirements. Lenders should be aware that businesses with this status are no longer operational, presenting extreme risk for lending as there is no active entity to repay loans or conduct business, making it crucial for thorough due diligence on any outstanding obligations or assets.