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What is a registered agent (RA) and why it is key to have one, other than you, the business owner?

What’s a registered agent (RA) & why it is key to have one, other than you, the business owner?

Entrepreneurs, such as yourself, receive important legal documents, via mail and may get served court documents in person. An RA receives those for you (and, in most states, you’re required to have one). Some Benefits:

 

 

Reduces fines: Having an RA helps to ensure that you’ll receive important filing notifications from, helping you stay in good standing at most government levels (State) so you don’t get hit with penalties.

Allows more freedom:  If you serve as your own RA, you’ll need to be available to receive things by mail or in person during normal business hours. An external RA, does this for you.

Additional Privacy: Public records show the RA address. If your business is named in a lawsuit, and the other party serves the RA, it could potentially prevent you from receiving court documents in front of others.

 

Here’s “most” everything an RA should received on your behalf:

  • Court documents (if you get served)
  • State tax notifications
  • Secretary of State notifications
  • Annual report notices
  • Official state correspondence
  • “Most” Junk mail

Why does a business need a registered agent?

In most states, a registered agent must be named in the document forming a corporation or LLC. A registered agent is authorized to receive service of process in the event of a lawsuit and other important documents on behalf of the business.

Can a Business Owner change the registered agent?

You can change the registered agent of an existing entity. Doing so typically requires a fee and filing with your state. If you want NestEggg to be your business’s registered agent, we will file the required documentation at no additional cost, just contact us here.

 

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