Is It Important To Have A Registered Agent

What is a Registered Agent?

Today, nigh every business organization entity (i.e. corporation and/or LLC) is required to have a registered agent located in the country in which the visitor was formed and/or is conducting business. What is a registered agent? In essence, a registered agent, also known equally an amanuensis of record, registered agent for service of process, statutory agent, or resident agent, is in charge of receiving any and all legal documents, corporate compliance documents, and tax documents for the business organisation or company. This can include:

Any "observe-of-litigation" mail service (which initiates a lawsuit) or other legal documents used when someone is trying to contact you formally or send you some blazon of legal notification.
Corporate filing documents, including reminders regarding filing the required argument of data or other documents sent by the Secretary of State.
All taxation-related documents sent by the Franchise Tax Board, the IRS, or any other authorities tax entities.

Information technology is important to ensure that y'all keep accurate corporate records with the state. Failure to comply with these laws can result in costly fines, and it could even crusade yous to lose your good standing with the state.

What Exactly Does A Registered Service Agent Do?
A registered agent is hired to take all corporate, legal, and tax documents on behalf of your business or company. This person will ensure that your company does non miss any important information or deadlines regarding lawsuits, tax payments, or filing deadlines.

Why Do I Need to Secure a Registered Agent?
Legally, yous are required to have a registered amanuensis in the state in which y'all are conducting business. If you are registered in a state (for instance, California), but you do not have a physical role or business location in the state of California, so you must rent a registered agent who will accept all documents on your behalf. The state in which you lot take registered your concern needs to have the contact information for the service agent yous accept selected to represent your business. Keep in mind that PO Boxes are Not acceptable addresses for registered agents.

How Do I Select A Registered Agent?
There are very specific requirements that registered agents must meet before y'all secure them as your agent of record. MyLLC.com, for instance, offers registered agent services and are highly qualified to perform the services required.

Availability and Physical Accost: The registered agent you select needs to exist available during normal business hours (i.e. 8 AM to 5 PM), they must likewise have a concrete address in the state in which your company is incorporated and/or conducting concern. Equally mentioned earlier, the registered amanuensis must accept a physical street address, equally PO Boxes are not adequate addresses.

Attainable Address: Like whatsoever business, the registered state amanuensis must have an accost that tin can exist found by anyone seeking to contact you. States practise not ofttimes crave your company to provide a separate accost for filing documents, as these are a matter of public record. Oftentimes, your registered agent's address is the only accost on these documents, meaning that information technology must be easily accessible to the public.

Can I Serve as my Ain Registered Agent?
It is non illegal to select yourself to exist your company's registered service agent, only this is not advised. Instead, it is better to select an unrelated third-party to perform this job, as it is very of import. In hiring someone else to go on track of all of the legal and tax documents your visitor will receive, you tin residual in the cognition that someone else will always be there to have any important mail, which allows you the freedom to be out of the office for meetings or anything else that you lot might consider of import to the growth of your business organisation (not to mention a vacation or two throughout the twelvemonth!).

What If I Fail to Select a Registered Agent?
Failing to hire a registered amanuensis to stand for your visitor or business is definitely not recommended, as your visitor could easily fall out of "good continuing" with the state in which it is registered. There will be penalties, including fines and possibly a revocation of your business license.

Lesser Line: Non merely are you required to secure a registered agent by law, it is benign to your company. A qualified registered agent, like MyLLC.com provides, volition ensure that no important documents are able to slip through the cracks and become unnoticed.

Disclaimer: This information is made bachelor by MyLLC.com, Inc. (the "Company"), and is intended for educational purposes only, and information technology is non legal or tax advice. No action should be taken in reliance on any data in or on this site without verification with legal or tax counsel, subsequently review of the facts and electric current law, that the activeness to be taken is appropriate under the circumstance. Except as expressly provided to the opposite in writing by the Visitor, the materials contained on this site are provided on an "as-is" basis without warranties of any kind, either express or implied. Company disclaims all other warranties, express or implied, including, without limitation, unsaid warranties of merchantability, fettle for a particular purpose, title and non-infringement as to the information, content and materials on and in the site. Company does not represent or warrant that materials on and in the site are accurate, complete, reliable, electric current or error-free.