What is registered agent?
A registered agent is the person appointed to accept legal documents on behalf of the corporation. If someone sues you, the papers will be served on the registered agent at the "registered office". Some states use the term "resident" agent. Corporations and LLCs must choose a person to act as their registered agent. There are no restrictions regarding who can be a registered agent other than the person must be located and available at a physical street address within the state during normal business hours.
Why do I need one?
Most states require that a registered agent be listed for the business in the state of incorporation or a state in which it is doing business. The state will suspend any company if it fails to maintain an agent. The purpose of the Registered Agent (sometimes referred to as a Resident Agent) is to maintain a consistent physical legal address in the state in which it is incorporated or doing business. It also will receive governmental and legal correspondence, including your annual report, any delinquency notices and many other documents that your company may be required to respond or take action.
Can I appoint my own or myself as registered agent?
Yes. you or any other individual who meets the state requirements and who agrees to act as agent for the company may serve as Registered Agent. However, keep in mind that the Registered Agent's name and address are made part of the public record. It may be advantageous to use a professional registered agent service if your business is a home based or retail business. Further, you will be allowed to change your actual business address without having to file a change of agent address with the state.
How much does it cost?
Registered Agent fees are $159 per year payable in advance. You may cancel registered agent services at anytime as long as you provide proof that another agent has been named in the state of incorporation or that the business is no longer active. Remember, in order for your business to maintain good standing status it must also maintain a Registered Agent.
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