During regular business hours, a S Corp registered agent acts as a point of contact for official, regulated business papers such as tax forms, yearly reports, and notices of service of process, as well as other government mail.
The majority of states require companies, including S corporations, to choose a registered agent. This post will go through what a registered agent performs for a S Corp, who may be a registered agent, and the advantages of using a registered agent service.
A registered agent for a S corporation is also known as a resident agent, statutory agent, and agent for service of process. Registered agents are individuals or organizations designated by S Corps, LLCs, and corporations to receive critical business communication, such as regulatory duties from the federal government and state authorities.
Most states need registered agents, while there are notable exceptions.
During regular business hours, a registered agent is ready to receive vital paperwork such as service of process, government communication, and regulatory compliance papers on behalf of a company. These documents may include, for example:
A registered agent may also assist your company in complying with relevant rules and regulations by transmitting legal notifications and reminding you of filing deadlines. This enables you to take proper action as soon as possible.
At the time of company creation, an LLC, partnership, or corporation must appoint a registered agent in most states. When you submit your Articles of Organization with the Secretary of State or another official government body after deciding on your company structure, you must include a registered agent office.
You may serve as your company’s registered agent as the owner of a S corporation. In actuality, anybody who satisfies the following requirements may be a registered agent:
If you like, you may alter your registered agent. A registered agent may be changed at any time by completing a state-provided form. Check the website of your Secretary of State or another government agency.
Although you may act as your own registered agent, there are some benefits to using someone else. The key benefits of adopting a low-cost, nationwide third-party registered agent service are discussed below. These are some examples:
Keeping up with all of the rules and regulations that govern your organization may be challenging and time consuming. A registered agent may assist with this by reminding you of important filing dates, such as annual report submissions.
A registered agent may also keep copies of key corporate papers in the event that the originals are lost or stolen.
A skilled, third-party registered agent allows you to concentrate on building your company while someone else handles the paperwork. You won’t have to waste time and effort keeping track of things like filing deadlines.
A registered agent must be accessible during regular business hours in order for official papers to be delivered. If this does not fit with your schedule, you might consider hiring a registered agent service.
States require registered agents’ actual addresses to be made public. If you work from home, using a registered agent service will keep your home address out of the public view.
If you have a separate office, a court summons or other sensitive papers will be sent to your registered agent’s office rather than to your office in front of workers or customers.