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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. While MyLLC.com does not give legal or tax advice, we are happy to offer a basic explanation of what a registered agent is and why we offer this critical service to our clients.
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.com who is 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 so having an off-site registered agent is recommended.
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. This is one of the main reasons our clients utilize MyLLC.com as their registered agent, to protect their privacy.
Most importantly the registered agent for a business must be available during normal business hours (typically 9:00 am to 5:00 pm Monday-Friday) to accept important documents.
