New and existing business owners need all the resources they can get in their corner, one of which is a registered agent. Registered agents assist business owners on a wide variety of different topics, allowing them to remain in compliance with regulatory agencies.
The Basics of a Registered Agent
A registered agent is an individual or company that works on a company’s behalf in certain accounting, tax, and legal areas. Limited Liability Companies and Limited Liability Partnerships commonly enlist the help of a registered agent since the registration process requires the name and address of a qualified individual. Although you can serve as your own registered agent, many business owners see heightened benefits from enlisting the help of an expert. To be a registered agent, the following criteria must generally be met:
· The individual must be a resident of the state registered in.
· The individual must have an address.
· The individual must be at the address or available during business hours.
The requirements that you must follow will be determined by the state you are registered in, making it important to do due diligence on your jurisdiction.
What Services Does a Registered Agent Offer?
A registered agent offers a wide variety of different services to support businesses. The most common service offered is serving as the liaison between regulatory agencies and business owners. Any correspondence from agencies will go to the registered agent and then be passed down to the business owner. Lawsuit notices, legal notices, assessments, and other notices are all sent directly to the registered agent.
If your business does not have a physical address, a registered agent serves as your permanent address to receive all correspondence. Many business owners are constantly on the go, meaning they might not always have time to check the mail and respond to inquiries. The fines and penalties for late responses or foregoing the responses altogether can be stiff and outside of what your small business may be able to afford. As a result, many business owners turn to an expert.
How Can I Find a Registered Agent?
Finding the right registered agent can be a difficult process. You will need to understand the qualifications, location, and experience of the individual in question before you assign them as your registered agent. Luckily, Tax Geaks can serve as your registered agent, reducing the time needed to find a qualified expert. Tax Geaks can not only help your company get properly set up, but they can also ensure you remain in compliance with regulatory agencies through timely and accurate correspondence. Reach out to a team member today for more information.