Why You Need a Registered Agent?

In some cases you may list your self as the registered agent to save a few dollars, however, I certainly do not recommend this for your business. Out source this part of your business, protect yourself, save time and money, you do not want to forget to file necessary corporate papers on time that could cost you your business.

What is a Registered Agent?

Each state requires that you maintain a Registered Agent in the state in which your corporation is formed and the states in which you’re qualified to do business. The Registered Agent is responsible for making sure all legal process is forwarded to you in a timely manner what is an LLC registered agent?.

Your Registered Agent must:

a. Be a resident of the state of incorporation.

b. Maintain a physical address within that state.

Be available to accept service of process on behalf of the corporation during standard business hours.

Formal Definition of a Corporation’s Registered Agent

A Registered Agent acts as the representative for receiving Service of Process served upon a company within the jurisdiction of any state where the company conducts business. Service of Process is broadly defined to include any legal proceeding, legal notice or official government communication presented to the company while it is within the jurisdiction of a state. A Registered Agent also receives and forwards official correspondence from the Secretary of State such as annual report notifications and other compliance filings.

Failure to designate and maintain a registered agent may cause a company to fall out of “good standing” within the state. This will subject its license to do business within a state to forfeiture, with monetary penalties assessed to reinstate the company to “good standing” again. The failure to designate a registered agent may also foreclose or hinder a company’s ability to legally enter into contracts and gain access to the state courts. It may also subject the company to monetary, civil, and possibly criminal sanctions when applying for reinstatement.

Registered Office is defined as the official address of a company to which official documents are sent and legal notices received. It is normal for the registered agent to provide the registered office address. A company may maintain other business and correspondence addresses as well.

Best of Luck & Success in your Business.

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