Have you ever heard of a registered agent? If you are trying to form an LLC, the answer is probably a resounding “yes.” However, do you know what this is, or what it is so important?
If not, you are in the right place. Here you can learn about what a registered agent is, as well as how it can help ensure you are on the right path during the creation and formation of your LLC.
Keep reading to get started. Having some of the most common questions answered can help ensure you are informed and knowledgeable before moving forward.
Register Agent: Explained
Registered agents are responsible for receiving any type of important or essential legal documents for your business. Some papers they may receive include state filings (i.e. annual reports) or service of process for legal action (i.e. a lawsuit).
There are some states where the registered agent is also referred to as the agent for service of process, statutory agent or resident agent.
Why Do You Need a Registered Agent for Your LLC?
Having a registered agent is necessary to create an LLC. When you are filing the articles of organization, each LLC has to nominate a registered agent for their company. Also, the registered agent has to have a physical address that is within the state where the business is located.
It’s possible for a member of your LLC to act as the registered agent for your business. However, your company is not able to act as its own registered agent.
Can You be Your Own LLC’s Registered Agent?
Yes, you can opt to elect yourself, or one of your employees, or person outside of your business to serve as the company’s registered agent.
However, there are a few reasons you should consider hiring professional registered agent services for this. One reason it’s good to choose a professional service is the additional measure of privacy it provides. If you opt to act as your own registered agent and you use your home address as the registered agent, then it is going to be publicly listed for any and everyone to see. When you hire a professional registered agent service, you can avoid possible lapses in your privacy that result from having to use your personal, home address.
Another consideration is the fact that registered agents need to be available at the physical location during what is considered “normal business hours.” Also, an agent must be present in every state where the company does business.