When you are starting your business, you have to do a lot of activities, such as marketing your business, scheduling tasks, analyzing your financial data, and filing tax returns. Given all these activities, it's hard to get all your paperwork filed correctly and on time. That's when a registered agent comes in handy.
What Is A Registered Agent for A Business?
If your business is a corporation, partnership, or LLC, you'll need a registered agent. The registered agent is your point of contact for any legal correspondence your business may face.
So who is a registered agent? A registered agent is an entity that receives legal documents on behalf of your business. For instance, if your former employee sues your business, you'll know about it through the registered agent.
Who Can Act as A Registered Agent?
Now that you know what a registered agent is, the next question is, who can serve as your registered agent? Here are the requirements a registered agent must meet:
- They must be located in the state where your business is.
- The registered agent must have a physical address.
- They need to be available during business hours.
In as much as you can choose anyone, including yourself or your spouse, to be your registered agent, it's not always advisable. Hiring an experienced business attorney to serve as your registered agent is convenient since they are able to also handle your business entity formation and contract negotiations.
The best choice is to hire someone with years of experience in being a registered agent. Every state needs limited liability companies to provide the address of their registered agent. Such an agent will be dedicated to their work and also be available during business hours.
What Are the Duties of A Registered Agent?
A registered agent accepts legal and tax documents for your business. The agent also ensures that you do not miss any judgment, lawsuits, or tax payments involving your business.
How Do You Choose A Registered Agent?
There are a few things you should consider when choosing a registered agent. Here are the major requirements:
- Availability: Look for someone always available during business hours.
- A professional service: The registered agent you choose should have staff who are trained experts.
- Compliance with state law: You do not want to be in trouble by not following the law. It is crucial to hire an agent that knows your state's entity rules.
- Deliver documents as needed: The agent should deliver the documents as required and do the necessary follow-ups.
- Have a physical address: The agent you choose must have a physical office address and be located in the city where your business is registered.
Why Choose Brian Bean as Your Registered Agent?
Brian J. Bean is an avid business lawyer, corporate attorney, and real estate attorney located in Coeur d’Alene, Idaho. He has extensive experience as a registered agent. He takes pride in assisting companies with negotiations, strategic interaction, and legal decisions to help them achieve their business goals and objectives. If you have any questions about having a registered agent for your business, please contact us to determine how we can help establish your business.
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