Hi and Congrats on your 1st post, tasytstreats.
Depends on the ingredients or product used....
If perishable ingredients, like whipping cream are used - the frosted cake can be "out" while being served, but no more than 2 hours (per safe food handling recommendations).
If using Rich's Bettercreme, the whipped frosting is shelf stable for 5 days:
http://tinyurl.com/yt4eyu
(Handling instructions for Rich's Bettercreme.)
If using butter or shortening based whipped b/c, the frosted cake wouldn't require refrigeration. (However, left-over frosting could be refrigerated for extended storage.)
HTH
Duplicate post, please also see:
http://www.cakecentral.com/cake-decorating-ftopict-613358-.html
HTH
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