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As you file your entity or foreign qualify, most states will require you to select a registered agent. However, many business owners have
no idea what a registered agent is or what they do.
The registered agent is designated to receive important mail sent by the state, such as annual report statements, and tax documents sent
by the state’s department of taxation.
A registered agent must either be the physical address and name of an individual living in the state of incorporation or qualification
with a valid street address (no PO Boxes) or a company such as MyLLC, authorized to serve as an agent.
The registered agent is designated to accept service of process on behalf of the corporation; when a company receives a Service of
Process, this document is often delivered by local law enforcement. Most business owners do not want law enforcement to show up in front
of customers, employees or neighbors to serve them notice that their company is being sued.
As your registered agent, MyLLC.com® will advise you of important compliance dates and filing
requirements. Forgetting a single compliance date could result in penalties of hundreds – or even thousands of dollars!
The name and address of the registered agent will also become public information, meaning anyone can access it. That means anyone,
including junk mail or telephone marketers, can access it. The registered agent will receive an inordinate amount of “junk mail” for the
business.
Most importantly the registered agent for a business must be available during normal business hours (typically 9:00 am to 5:00 pm Monday
through Friday) to accept important documents. Many have learned the hard way that assigning a relative or friend as a resident agent
is not the best idea unless that friend or relative never leaves their home during business hours – not even leaving for lunch.
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For about a quarter a day, you can enjoy the security and confidence of knowing a professional registered agent is insulating you and
advising you of compliance dates. If the assets of your business entity are worth protecting, then insure them with the services of a
professional registered agent.
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