Registered Agents are imperative for your business. The most common reason for this is that all entities doing business must register to do business within a state. And these states may also require having a Registered Agent within that state to complete the valid registration. It is clearly required by law for most states but, most first-time business owners don’t know the answers to what exactly a Registered Agent is and why shouldn’t they be their own?
Well, a Registered Agent is an individual or an entity that is designated by a Corporation or Limited Liability Company that accepts official documents on behalf of that company. At first glance, the duties sound relatively straightforward making small business owners believe it is an easy task they can take care of on their own. However, this thinking is one of the main reasons so many new business owners run into trouble early on. There are many important responsibilities to be taken care of and it is easy to lose track of time and tasks. This, however, is incredibly risky when dealing with time-sensitive legal issues and documents such as the ones that the Registered Agent is responsible for. Instead of tackling everything on at once, a third party registered agent can easily provide some important benefits that you may not have considered.
- Security – When using a third-party Registered Agent, there is an extra level of security placed on your business. Basically, unwelcomed guests will not randomly show up at your company during an important sale. It also adds a level of security making sure no one will show up at your home to bother you during your downtime. Rather than accepting legal documents at your business, where customers may be scared off, a third party Registered Agent will accept these important documents allowing you to focus on your work.
- Peace of Mind – If a Registered Agent is not maintained, your company may fall out of “good standing” within the state. This will subject your license to do business within a state to forfeiture, with monetary penalties assessed to reinstate your company to a “good standing” status again. Also, if time-sensitive documents remain unopened in the big pile of other letters you have, monetary, civil and legal consequences may be present against your business without you every knowing. A third-party Registered Agent can organize all these documents and provide you with everything you need to know to keep your company healthy and growing.
- Privacy – Because the duty of the Registered Agent is to provide Process of Service, their name and address has to be provided on public documents. This would likely mean that your personal information will easily be available to anyone and everyone. By using a third-party Registered Agent, the information provided to the public has no content related to your personal information. This allows your family and you to keep your privacy while making sure you are properly secured and compliant with the state’s requirements.
By using a third-party Registered Agent, you can keep your privacy while allowing your small business to remain in good standing and continue to thrive. Our low-cost service can be provided for you right now so you can kiss those unnecessary worries behind!