For those interested in forming a limited liability company, there are many regulations to comply with. For instance, you need to have Registered Agent Services. This could be an individual or business that is designated to receive official correspondence, especially concerning law suits, on behalf of the LLC. This statutory proxy is an important requirement for the government. You may have to provide their name and address on the documents you file with the state.
Many proprietors keep asking whether they could fill their names as the statutory proxy. Well, the answer to this, is that you can add yourself as the proxy for your LLC. There are not many restrictions on the person to fill in that capacity. Besides the owner, it could be an employee or a hired service. The truth, on the other hand, placing your name as the statutory representative may not be a perfect idea.
Imagine a scenario where you are expanding your company to a neighboring state. With your name as the statutory representative, it means you have to be a resident of that state. This is the basic requirement for anyone who wishes to fill that capacity. Chances are, it was never in your plans to relocate. This may force you to move into that area. If not, you may have to find another alternative but yourself.
Having looked at the factors above, it is evident that having yourself as the statutory proxy may not be the best idea. For one, you can never for sure tell whether you will always be present to serve as the proxy for your business. The time you just take leave for vacation, communications start pouring in and you are nowhere to be found. A good rule of thumb would be to hire a service.
While that would have inconvenienced your time, it also still solves one part of the puzzle. There is the other bit where this lawsuit is served in front of customers. In the current society of global connectivity, information can spread like bush fire. One customer posting this online can cause a lot of damage, especially when not properly represented. You will have to spend time and resources to vindicate your name.
Finding the best way to explain to your employees would be a good rule of thumb. They do not have to imagine the business is going under receivership, or about to be closed. For the customers, damage control will depend with how they will take in the information, process and relay it out there.
Before submitting your details as the statutory proxy in your company, take some time to think on the implications it could have to your privacy. You probably do not wish it that your personal information gets out there. But with the information having been filed under public records for the business, the information will now be under public domain.
You do not want to be sifting through mail every often to separate grain from chaff. You have much more on your hands towards stabilizing the company. In essence, an outsourced statutory agent would be the best choice for your company.
Many proprietors keep asking whether they could fill their names as the statutory proxy. Well, the answer to this, is that you can add yourself as the proxy for your LLC. There are not many restrictions on the person to fill in that capacity. Besides the owner, it could be an employee or a hired service. The truth, on the other hand, placing your name as the statutory representative may not be a perfect idea.
Imagine a scenario where you are expanding your company to a neighboring state. With your name as the statutory representative, it means you have to be a resident of that state. This is the basic requirement for anyone who wishes to fill that capacity. Chances are, it was never in your plans to relocate. This may force you to move into that area. If not, you may have to find another alternative but yourself.
Having looked at the factors above, it is evident that having yourself as the statutory proxy may not be the best idea. For one, you can never for sure tell whether you will always be present to serve as the proxy for your business. The time you just take leave for vacation, communications start pouring in and you are nowhere to be found. A good rule of thumb would be to hire a service.
While that would have inconvenienced your time, it also still solves one part of the puzzle. There is the other bit where this lawsuit is served in front of customers. In the current society of global connectivity, information can spread like bush fire. One customer posting this online can cause a lot of damage, especially when not properly represented. You will have to spend time and resources to vindicate your name.
Finding the best way to explain to your employees would be a good rule of thumb. They do not have to imagine the business is going under receivership, or about to be closed. For the customers, damage control will depend with how they will take in the information, process and relay it out there.
Before submitting your details as the statutory proxy in your company, take some time to think on the implications it could have to your privacy. You probably do not wish it that your personal information gets out there. But with the information having been filed under public records for the business, the information will now be under public domain.
You do not want to be sifting through mail every often to separate grain from chaff. You have much more on your hands towards stabilizing the company. In essence, an outsourced statutory agent would be the best choice for your company.
About the Author:
When you are looking for information about registered agent services, come to our web pages today. More details are available at http://www.nevadadiscountregisteredagent.com now.
No comments :
Post a Comment