Nonprofit organisations in New York will almost certainly need to designate and have a registered agent.
A registered agent receives any official documents from the State of New York, as well as any service of process filed on a firm in a litigation.
A registered agent is a professional who will represent your company to the State of New York while you run your business. Registered agents are sometimes known as resident agents, statutory agents, or service of process agents in certain jurisdictions.
Typically, your registered agent will receive mail on your behalf, such as compliance information and tax notices. Registered agents are also in charge of receiving process paperwork. This simply implies that your registered agent will receive court summons and paperwork on your nonprofit’s behalf if it is sued.
In New York, the Secretary of State accepts service of process by default for all domestic organisations. You may, however, designate your own registered agent when submitting your formation paperwork. The following are the criteria for registered agents in New York:
As long as they complete the qualifications outlined above, anybody may act as your nonprofit’s registered agent. You may choose to be your nonprofit’s registered agent, or you can designate a member of your board of directors or a trustworthy friend.
If you decide to serve as your organization’s registered agent, you must grasp the significance of this role. If you miss a filing date or misplace a document, your nonprofit’s compliance status may be jeopardised, and the Department of State may revoke your nonprofit’s corporate registration.
Many organisations and other companies engage a professional registered agent service to guarantee that their company is always in compliance.
Before you choose a New York registered agent service, think about the benefits and drawbacks of this technique.
There are various reasons why you should consider employing a registered agent service for your nonprofit organisation. This strategy, in particular, can:
The sole downside of using a registered agent service is that it is expensive, while you may serve as your own registered agent for free.
While employing a professional registered agent service is a good idea for many reasons, in other cases it is required. If you answered “yes” to any of the following questions, your organisation should use a registered agent service.
When you submit your New York nonprofit’s Certificate of Incorporation, you must choose a registered agent. In New York, the fundamental nonprofit creation document is the Certificate of Incorporation.
To organise your New York nonprofit by mail, fax, or in person, download Form DOS 1511 – Certificate of Incorporation, fill it out completely, and send it to the State of New York together with the $75 filing fee. In the eighth area, you will provide the name and contact information for your registered agent. A Credit Card/Debit Card Authorization document must be included with fax submissions.
Simply fill out Form DOS 1562 – Certificate of Change and submit it to the State of New York along with the $20 filing fee to officially change your New York nonprofit’s registered agent.
When you work at a charity, you have more essential things to worry about than monitoring the mail, submitting legal paperwork, and remembering compliance deadlines. A registered agent can help you with that. When you engage a professional registered agent service, you can put these responsibilities in their skilled hands and completely concentrate on what is most important to your firm.
