If you’ve been following our Business Basics series, you’ll know we’ve already covered registered agents, and briefly explained what it is they actually do. However, people still had questions about registered agents, as well as the benefits and pitfalls with choosing a third-party service like registered-agent.com. So we decided to re-visit the topic and dedicate a post to answering some of the most frequently asked questions we’ve received. Also, if you haven’t read it already, we recommend first reading our last post on registered agents as it answers the more basic questions.
Nicknamed The Grand Canyon State and infamous for its deserts and national parks, our state of the week in our 50 States of Incorporation series is Arizona. The 48th state to be admitted into the Union with Phoenix as the state capital, Arizona is also the 15th most populous of the 50 states. Companies including US Airways, PetSmart, and Cold Stone Creamery call Arizona home for their headquarters, but as revealed on CNNMoney Arizona also ranks as the most entrepreneurial state in the country, with tech, software, retail and tourism start-ups sprouting up all over the state.
With so many companies staking ground there, what’s the allure of starting a business in Arizona? While forming an incorporation isn’t without its requirements, with the most distinctive one being that all Arizona LLC’s must have a registered agent service, some of the benefits of creating an LLC in Arizona include the following:
It’s a big day over here at MyCorp as we welcome a new addition to the online MyCorporation family!: Registered-Agent.com.
Registered-Agent.com offers small business owners registered agent services in all 50 states. It provides an easy-to-use and affordable registered agent service to help maintain the privacy and protection of your business.
Welcome to our weekly Business Basics post! This week we decided to explore a service that nearly every Corporation and LLC uses – registered agents. If you are thinking about forming an LLC or incorporating your business, you will need to find a registered agent. But what exactly do they do again?
What is a registered agent?
We often get questioned: “What’s an RA?”
An “RA” is an abbreviation for “registered agent.” It is a mandatory “agent” of the corporation or LLC who is officially designated at the time that incorporation or registration documents are filed in accordance with state requirements. A Registered Agent will act as the representative for accepting Service of Process served upon the company within the jurisdiction of any state where the company conducts business, and will also forward any other official legal and tax correspondence from the state.
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Maintaining a corporation is not ultra complicated, it’s just that it’s hard to know what to do, and when.
Did you know that after registering a business with the state that several filings may be required on an annual basis? Without those filings an entity may be dissolved. MyCorporation can help prevent this from happening and guard your corporate status with My IncGuard™.
My IncGuard™ sends monthly reminders about annual reports, quarterly tax returns, year-end notices, and much more! Sign up today and help ensure your business stays in compliance with state and federal requirements.
For your convenience and to avoid any interuption of service, we will automatically renew your My IncGuard™ Service annually.
By providing payment information, you agree and consent to the automatic renewal of your My IncGuard™ Service each year. You are also authorizing MyCorporation to bill your credit card for this service each year. If you choose to cancel your My IncGuard™ Service and discontinue automatic annual billing, MyCorporation must receive your written notice of cancellation at least 30 days before the next renewal term.
Once a business is formed on the state level, most jurisdictions require corporations or Limited Liability Companies to designate a registered agent to receive documentation on behalf of the company. Very simply, a registered agent is an individual or entity upon whom documents relating to the corporation may be served.
To remain in compliance with state law, a Registered Agent must be designated to receive correspondence on behalf of the company. A Registered Agent will typically receive business and legal documents from county, state, and U.S. agencies on behalf of the corporation and/or LLC. These documents include such things as notice of litigation (service of process), franchise tax forms and annual report forms. (more…)