Understanding the Responsibilities of a Registered Agent

Registered Agent

Every business owner can choose to function as his/her registered agent, however, the complexity and time-consuming nature of the work raise a variety of compelling reasons why business owners choose a registered agent service provider to help with this important requirement. 

Having a professional registered agent helps your business grow, and it ensures you receive any service effectively and regularly. Your registered agent is also in charge of receiving service of process on behalf of your business. In many cases, the designation of the one is required by law, but it’s not only the legal aspect that emphasizes the importance of having them by your side. 

What Is a Registered Agent?

A registered agent is an individual or entity that has been appointed by a Limited Liability Company (LLC) or a corporation to receive legal documents on behalf of the business. For example, if an LLC is sued, then the suing company will have to consult a registered agent to provide him/her with all court documents. The registered agent will be the one who accepts the service of process for LLC. Most states require a designation of a registered agent, and the main requirements are that they must be 18 years of age or older, they must consent to be appointed as the registered agent, and of course, they must have a physical street address in that state. They can be members or managers or other people involved in the business or it can be someone outside of the business. The registered agent does not have an agency on his own to act on behalf of the business, except for accepting legal documents in the name of a company. 

Let’s say you are a business owner operating it from your home. You have the right to appoint yourself as the LLC’s registered agent and use your home address as the registered agent address. However, sometimes we may not want to do all of this for ourselves, having in mind the name and address of the registered agent are part of public record and available for almost anybody to see. Also, you may miss important notices and deadlines when leaving your house unattended. 

Choosing a Good Registered Agent

It is completely lawful for you to choose your mom, dad, best friend, or any other person who is 18 years of age or older, consents to it, and has a physical address in the state to be your registered agent. Yet, the better idea is to use a corporate registered agent service

Registered agent services are business entities that accept legal documents on behalf of LLCs and corporations. These services give you peace of mind so you can focus on running your business. You don’t have to worry about being at home all the time in case something gets delivered, or your privacy being jeopardized. The professionals at FinancePond believe registered agents are guardians of business entities, for they take appropriate action and find the best possible solution for any issue that may come up. Whether you own a small business or a large company, designating someone to be your registered agent has a lot of benefits. Compliance with the law, peacefulness, keeping your privacy safe, time-saving, is among some advantages of appointing your registered agent. Their responsibility is to make sure you can focus on your time, energy, and keep your attention when running a business. Legal paperwork and significant tax are immediately received and saved, business and personal mail are kept apart so that it won’t overwhelm your personal life, and additionally, if you find yourself in a problem or some difficult situation regarding your business, you will get extra help from the professional registered agent. 

Your Peace Is Their Responsibility 

Your registered agent is your main connection with the state. The state requires the designation of a registered agent so that it has an official contact with your company on file. The registered agent will get crucial compliance information and official communication significant for your business. 

Complying with regulations can take a lot of time and effort since it typically necessitates filling out lengthy and sometimes confusing forms based on data from a variety of sources. Most business owners would rather have an outside source handle the details of compliance so they can concentrate on growing and running their company.

If your job requires you to be out of the office most of the time, such as if you’re a real estate agent who is on the road all day, hiring a registered agent service provider ensures that vital paperwork reaches you and your company.

During normal business hours, a company’s registered agent must be ready to accept vital documents when they arrive. You might want to consider hiring a professional registered agent to ensure that you don’t miss any vital correspondence.

Registered Agent

The registered agent can help you achieve your goals and pave the way to your success. A trustworthy professional registered agent ensures that you won’t miss a crucial file or jeopardize your company’s good standing and right to defend itself in court. Controlling tools and services give you complete visibility into what’s going on with your company, allowing you to be in control at all times, no matter where you are. 

The views expressed in this article are those of the authors and do not necessarily reflect the views or policies of The World Financial Review.