It is recommended that an LLC nominate someone as a registered agent before filing the articles of organization. It is important to note that in order to form an LLC, a registered agent is required. As such, a registered agent may be referred to as a statutory agent or agent for service of process. Registered agents may receive tax notices, subpoenas, and types of correspondence, in addition to lawsuits. Even so, having someone else responsible for receiving legal documents means never having to worry about missed deliveries or deadlines.īusinesses are legally obligated to keep their registered agents' information on file in all states to make it easier to receive lawsuit information regardless of whether that business is an LLC or a corporation. In fact, you can act as your own registered agent given normal circumstances. boxes are not considered appropriate addresses because they must maintain a physical street address within the LLC's state.ĭesignating a third-party to perform this essential role is highly recommended, although it is not legally required. Since an actual person is required to serve as a registered agent, P.O. The state in which your LLC is registered should be notified that there is a third-party contact person within the state at all times. The LLC must have a registered agent available to accept documents on the business' behalf if the LLC does not have a physical address in the state where the LLC is registered. A registered agent may or may not have a role in daily business operations. They may also be known as a resident agent or statutory agent. So what is a registered agent for an LLC? A registered agent for LLC is a third-party representative individual or business entity that is responsible for receiving process notices, government correspondence, and other official notifications, including lawsuit notices and tax forms on behalf of a limited liability company (LLC). Let’s learn more about their importance and function. They are an important part of the United States legal system and help to facilitate due process. If you are forming an LLC but prefer to file the paperwork yourself and act as your own registered agent, take a look at our How to Start an LLC guides.You may be asking: what is a registered agent for an LLC? LLCs and corporations must appoint a registered agent in every state that they are operating in. If you are forming a new LLC, it makes sense to hire a formation service that includes a free year of registered agent services. You may not have access to the same resources that would otherwise be available to an outside service.The potential for errors or delays in completing the required paperwork could cause you legal liability for any resulting fines or penalties.It can be a time-consuming endeavor to keep up with the necessary paperwork. You will be legally required to be present at the provided address during normal business hours to receive service of process.The cost savings should be balanced against the drawbacks: By acting as your own registered agent, you can allocate the $10 elsewhere. The average service charges about $130 per year, or about $10 per month. The main upside to being your own agent is the cost savings. Technically you can be your own registered agent, but most businesses elect to hire a service for several reasons.
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