Find out what the legal requirements are for LLC registered agents. In your incorporation state, a registered agent acts as your legal service representative.
What you’ll discover:
What is the role of a registered agent?
What is the purpose of having a registered agent?
How should I assess a registered agent service?
When deciding which state to create an LLC in, you may elect to incorporate in a state different than the one in which your firm is situated. Some states provide excellent perks, such as no income tax. But, if you decide to incorporate in another state, you will need to have a registered agent.
What is the role of a registered agent?
In such state, a registered agent acts as your legal service representative. In other words, if you are sued, the summons will be served on the agent in that state. Each state has its own set of regulations for properly registered LLC agents. If the agent is not a real member of your company, he may be required to be a lawyer or a CPA in certain situations. Nevertheless, in certain places, such as Delaware, the agent just has to be a legal Delaware resident and be allowed to do business in the state during normal business hours.
What is the purpose of having a registered agent?
Since service of process cannot be accomplished via a post office box, all states need physical addresses for companies. The delivering and receipt of a summons in a lawsuit is known as service of process. It is not enough for someone who want to sue another to just file a case in court. The person suing must also provide the person being sued with legally required information about the litigation. In several places, an approved address is referred to as a street address. To accept service of process, the agent must usually be accessible throughout all normal business hours.
How should I assess a registered agent service?
While selecting an LLC registered agent, pay close attention to the agent’s organization and notification abilities. Some companies merely serve as registered agents for numerous corporations and LLCs. Please certain that the provider you pick has a strong reputation and no negative customer complaints concerning late arrival. The court considers you adequately served if you are served via your agent. This implies that even if you’ve never heard of the case, you might be deemed accountable by default judgment. Default judgements cannot be overturned because of an inefficient or incompetent registered agent, so choose wisely.
