DO I NEED A REGISTERED AGENT FOR MY BUSINESS?
Are you done with choosing your business structure? Have you chosen a registered agent for your business? Having a registered agent for your business is strongly recommended. Registered Agents are required by law in almost every state these days. Even if your state doesn’t demand a registered agent, you should hire one.
WHAT IS A REGISTERED AGENT?
A registered agent is also referred to as a “Resident Agent,” “Agent for Service of Process,” or “Statutory Agent”, depending on the state you are forming your business entity. A registered agent is a person or a business entity, named in the articles of incorporation/organization. A registered agent is expected to receive legal documents such as Service of Process, important state communication and all the notifications from a state office on behalf of a corporate entity.
Specify your company’s registered agent when you file your Articles of Formation. All LLCs and corporations are required to choose a registered agent. However, there are a few restrictions on who can be your registered agent. Hence, it’s important that you choose a reliable company as your registered agent.
ADVANTAGES OF HIRING A PROFESSIONAL REGISTERED AGENT
If you are not aware of the bureaucratic world of business entities, it can be confusing and frustrating to deal with them. With a professional registered agent service, you can manage all the stress because they can help you to provide all the information you need to get the business running and will do everything hassle-free. Check out the perks of hiring a professional registered agent:
- Privacy: One of the main benefits of hiring a registered agent is that his address will be listed in the public documents filed with the state, not yours! Also, if in any case your business gets sued, the attorneys will not come to your business place or house; they will deliver the service of process to your registered agent.
- Annual Compliance Reminders: It’s vital to file annual reports with the state. If you do not pay attention to this, you may have your entity dissolved by the state. If it happens, it can cost you a pretty penny to re-instate your business. By hiring a registered agent, you can save your hard earned money as they can remind you of the annual compliance regularly.
- All Documents Organized: A professionally registered agent provides you with your own online account where you can track all your documents easily, no matter where you are. All you need is to log into your account, and you will have all the information.
- Regular Office Hours: f you are unable to work during the normal working hours, hiring a registered agent is recommended. He can receive all the important documents on your behalf and even if your company is sued, you may receive a judgment about it during working hours.