When forming a business, the registered agent is someone that is responsible for receiving process notes, correspondence from the Secretary of State, and other official government notifications. This might include tax documents and even notices of lawsuits. The registered agent may be an owner, but can also be a responsible third-party. This person must be located in the same state in which the corporation, LLC, or partnership was formed.
Every business entity needs a registered agent. Whether that is for a corporation, limited liability company (LLC), or partnership. The registered agent may be called different names in different states. Some of these include a resident agent, a statutory agent, or an agent for service of process.
The registered agent holds many responsibilities, but the first is to provide a presence in the state in which the business entity exists. This is important in order to accept the service of process.
The registered agent will also accept legal and documents on behalf of the business. This is extremely important when it comes to time-sensitive matters.
Having a registered agent will make sure that you will never miss information such as tax payments, lawsuits, or judgments.
Good registered agents will also provide services such as aiding in company formations, book-keeping, accounting, virtual offices, and mail handling.
Your registered agent should help you to find legal professionals or accountants in your state.
In case of theft, natural disaster, or some other loss, your registered agent should keep copies. This backup will provide you the ability to keep important business and legal documents safe regardless of what occurs.
Registered agents help to give you peace of mind so you can focus on your business. This will also help you to maintain a good work-life balance.
If you act as your own registered agent then you will only be able to form an LLC where you reside. With a registered agent in another state, you can form an LLC or corporation wherever you choose to.
There are a few qualities that you need to look for in a registered agent if you are choosing to go with a company rather than someone you know personally.
There are different registered agent requirements from state to state, but generally, either an individual or business entity may serve as a company’s registered agent. When choosing a registered agent they must meet the following registered agent requirements:
Although you can choose to designate an officer, a member of your business, or a friend as your registered agent, it is also possible to be your own registered agent when it comes to an LLC. Overall it is recommended to hire someone who is experienced as a reliable registered agent. This will allow you to feel secure in your business.
Contact us to learn more about registered agents, and how we can help you by acting as the registered agent of your company.
Having a registered agent is essential because, without one, the state will dissolve your company and you will lose credibility. You need to have a registered agent.