There are a lot of rules and regulations that must be followed when opening a new business. Most owners enlist the help of various professionals to file insurance and tax forms and handle the legalities that have to be completed correctly. The majority of states require business owners to use registered agent services. If you happen to live in a state without this requirement, you should still give hiring a legal representative serious consideration.
Registered agents are companies or individuals you have designated as your representative to receive certain communications and documents from government entities, and official notifications from the IRS and attorneys. They do this on your behalf. Agents must be located in the state where the business is registered.
States use agents as contacts for business owners. This kind of service can be especially helpful if you don't have your own physical address in the state where your business originated. Failure to appoint a representative to receive information for your company could have serious consequences.
Agents are third party individuals or companies business owners employ to receive all kinds of official documents on their behalf. The agents are located in the state where the business was registered. Owners authorize them to receive documents from process servers, the Secretary of State and any other government entity, lawyers, and the Internal Revenue Service.
It's important to states that they be able to reach owners of businesses at all times. That's why the majority of them require businesses to have official contacts. If you don't actually do business in the state where your company originated, the contact is even more important. Agents are required to have physical addresses. Post office box addresses are not acceptable to states.
Not only is this an important contact for the state, it also important for you as the business owner. When you have multiple locations, it is possible that you will fail to receive important tax and legal notices in a timely manner. You certainly need to know when you have been served notice of a pending lawsuit as soon as the suit has been filed. You don't want to miss important tax deadlines because the notice didn't reach you in time to meet a deadline.
There are owners who try to save money by acting as their own agents. While it may be legal to do this, it has drawbacks. Agents must be accessible all the time in order to receive notifications. That means if you have to leave the office for the day or take a vacation or a sick day, you have to make alternative arrangements. You will probably find that the convenience of paying an official representative is worth the cost.
If you don't want a sheriff in your office delivering notice of a tax audit or pending lawsuit, hiring one of these agents is a good choice. Having an official representative also makes a business location move much easier. If you don't have a representative you might be subject to fines, revocation of your license, and loss of the ability to use the court system.
Registered agents are companies or individuals you have designated as your representative to receive certain communications and documents from government entities, and official notifications from the IRS and attorneys. They do this on your behalf. Agents must be located in the state where the business is registered.
States use agents as contacts for business owners. This kind of service can be especially helpful if you don't have your own physical address in the state where your business originated. Failure to appoint a representative to receive information for your company could have serious consequences.
Agents are third party individuals or companies business owners employ to receive all kinds of official documents on their behalf. The agents are located in the state where the business was registered. Owners authorize them to receive documents from process servers, the Secretary of State and any other government entity, lawyers, and the Internal Revenue Service.
It's important to states that they be able to reach owners of businesses at all times. That's why the majority of them require businesses to have official contacts. If you don't actually do business in the state where your company originated, the contact is even more important. Agents are required to have physical addresses. Post office box addresses are not acceptable to states.
Not only is this an important contact for the state, it also important for you as the business owner. When you have multiple locations, it is possible that you will fail to receive important tax and legal notices in a timely manner. You certainly need to know when you have been served notice of a pending lawsuit as soon as the suit has been filed. You don't want to miss important tax deadlines because the notice didn't reach you in time to meet a deadline.
There are owners who try to save money by acting as their own agents. While it may be legal to do this, it has drawbacks. Agents must be accessible all the time in order to receive notifications. That means if you have to leave the office for the day or take a vacation or a sick day, you have to make alternative arrangements. You will probably find that the convenience of paying an official representative is worth the cost.
If you don't want a sheriff in your office delivering notice of a tax audit or pending lawsuit, hiring one of these agents is a good choice. Having an official representative also makes a business location move much easier. If you don't have a representative you might be subject to fines, revocation of your license, and loss of the ability to use the court system.
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