What are the requirements for maintaining a business in good standing?

To maintain a business in good standing in New York, there are a few key requirements to fulfill. Firstly, all businesses must file an Annual Report with the New York Secretary of State, providing updated information about the company's addresses, officers, and activities. Secondly, businesses must maintain a registered agent who can receive legal documents on behalf of the company. Additionally, it is crucial to pay all requisite fees and taxes promptly to avoid any penalties or negative consequences. It is also recommended to stay compliant with all relevant state laws and regulations pertaining to the industry your business operates in. Lastly, businesses should keep accurate records and maintain good communication with the Secretary of State's office to ensure continuous compliance.