Paying a small fee each year for registered agent services so that you have an agent for service of process and other notices can be well worth the time you will save in trying to keep track of official notices yourself and making sure you're sorting and reading your mail.
Is it better to be your own registered agent?
Appointing yourself registered agent for your company sounds like it might be the simplest solution, but in fact, it's not advisable. by Brette Sember, J.D. While it's tempting to act as your own registered agent for LLC or corporation issues, it's generally not a good idea.
Can I be my own registered agent for LLC?
You can act as your own Registered Agent for a corporation or LLC as long as you have a physical street address in the state where your corporation or LLC is formed. The actual corporation or LLC being formed, however, cannot name itself as its own Registered Agent.
What is the responsibility of a registered agent?
The purpose of a registered agent is to provide a legal address (not a P.O. Box) within that jurisdiction where there are persons available during normal business hours to facilitate legal service of process being served in the event of a legal action or lawsuit.
What is the liability of being a registered agent?
The registered agent would typically be responsible for receiving service of process notices, government correspondence, and compliance-related documents. The role of the registered agent can be mantled by almost anyone and state limitations are typically restricted to individuals who are at least 18 years old.
Is registered agent the same as owner?
Does Registered Agent mean owner? No. A registered agent is a person or entity that a company designates to receive official legal documents such as court papers. It could be the owner, but it doesn't have to be.
Is a registered agent really necessary?
Every U.S. state requires businesses that register with a state as legal entities (LLCs, partnerships, corporations) to have a registered agent, sometimes called a statutory agent or agent of process. If your business is registered in more than one state, you will need a registered agent in each state.
Is it a bad idea to be your own registered agent?
Appointing yourself registered agent for your company sounds like it might be the simplest solution, but in fact, it's not advisable. While it's tempting to act as your own registered agent for LLC or corporation issues, it's generally not a good idea.
Why you shouldn't use a registered agent?
Registered agents often receive unsolicited junk mail for their business. If you wish to keep your company or personal address information confidential, opt for a third party registered agent. You'll get an extra layer of privacy and won't have to deal with as much unsolicited mail.Aug 6, 2012
What are the risks of being a registered agent?
- The appointment of a registered agent.
- Individual vs.
- Risk 1: An individual will not be in the office.
- Risk 2: Registered agent information is not updated in a timely manner.
- Risk 3: Mishandling or ignoring process.
- Conclusion.
Should registered agent be individual or business?
A registered agent is an individual or company that receives service of process, legal documents and official notices on your business's behalf. When registering a business entity, you'll be required to appoint a registered agent who has a physical address in the state of registration.
Why have a registered agent?
Using a professional registered agent ensures you receive any Service of Process both promptly and privately. Your business is home-based. You don't maintain normal business hours. The registered agent for a business must be available during normal business hours to accept important documents as they are delivered.