Are registered agents required? – 1 Great Service Option
Many small business owners may be unaware that they should have a registered agent to comply with their business entity’s legal requirements.
As a business owner, you will need a registered agent when filling out your business registration form.
A registered agent is an individual or company who accepts service of process, legal documents, and official notices on your behalf. When forming a business entity, you must appoint a registered agent with a physical address in the state of incorporation.
However, not just anyone can fill this position. There are certain rules you need to follow when choosing one. Find out why a registered agent is important for your business and who you can appoint in our free BO Certificate course.
How to choose the best-registered agent service provider
Having many options is good. But how do you decide what’s best for your business?
To find the best-registered agent service provider, follow the guidelines below.
1. Determine your needs
First, decide if you need a local or a national registered agent provider.
Choose a local option if you want to run your business locally. But also, hiring a nationwide registered agent service makes more sense for growing businesses, considering foreign LLC registration.
2. Start searching locally
A registered agent is required by law to have a physical street address in your incorporation state and to be authorized to do business there. Therefore, it’s best to start your search locally.
3. Analyze the pricing structure
Cost is a significant factor in every decision. Most commercial registered agent service providers have public prices, so it’s easy to shop around.
4. Verify operational compliance
Commercial registered agent providers are subject to state laws. Every provider must have a physical state address as well as the necessary state registration (as a commercial provider). The good idea is to look up the selected registered agent provider in the state’s corporate database. Check if the company itself is in good standing with the state.
5. Evaluate service levels
Once you’ve found a reliable provider within your price range, evaluate their service level. The general scope of services is consistent across providers. However, there are some limitations in terms of service speed and coverage.
Specialized registered agent services providers
While many providers operate locally, with a small office of staff responsible for accepting, scanning, and forwarding business correspondence, others offer services nationwide, allowing you to appoint a registered agent in any state. One of our clients’ favorites is:
Well, that’s all for now! Hoping for this information to be valuable to you. Stay tuned for updates on this and other topics.
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Disclaimer: This article is for information purposes only hence not directly related to Addy and Mark in any way. Always check the official website for updated information.
Last Update: February 5th, 2023