At Cobalt Intelligence, we’re dedicated to empowering alternative funders like you with real-time, primary source business verification.
In Illinois, a business listed as "Not Good Standing (NGS)" means that it "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".
An NGS status is a flashing yellow light, demanding a deeper dive than a straightforward 'Active' designation. Let's unpick what these mean for businesses in the Prairie State and, crucially, for your lending decisions.
Illinois business entity statuses definition helps in making informed decisions, reducing the risks of default, and improving investment success.
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