For the most part, your employees will probably be buzzing around your offices at these times. What are they, we hear you ask? Well, we’re about to take a look.įirstly, you are required to be at that address to receive mail during typical business hours. But do bear in mind that there are some downsides to this. So, if you live in the state your company is in, you are able to list yourself. If money is on the mind for you and your business, this is by far the cheapest option. However, it is a perfectly plausible idea. No matter the state you are in, they each allow you to name your corporate officers as registered agents. We briefly talked about why some businesses are advised not to act as their own registered agent. Typically, you will be choosing between yourself, an individual who isn’t otherwise involved with your business, or hiring a third-party agency to do it for you. Since your registered agent is performing such an important role for your company, you do need to consider all the options carefully.
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How to Choose Your Company’s Registered Agent Thus, you can leave the office whenever you want to and go on holiday whenever you feel like it - all without worrying about not adhering to your state’s Registered Agent legislation. However, some business advisers will tell their clients to designate a third-party for this role. Allowing someone else to be responsible for collecting your tax and other legal documents, you can rest easy since you know you are never going to miss them.
Technically, you can indeed be your own registered agent. This will ensure no deadlines are missed. Depending on the deadline set on each mail notification (whether an IRS notice, or a lawsuit that requires the business’s attention), the registered agent is responsible for forwarding all important mail to the business owner. In short, they make sure you never miss an important document ever again! Being a registered agent comes with an urgency of handling mail. Therefore, the registered agent needs to ensure they can access and receive mail during normal business hours. That address will be used for filing taxes, federal documents, legal suits and more. Why? Well, they will receive government notifications, including compliance documents, on behalf of your company. Regardless of the state you are based in, it is a legal requirement that your company has an appointed registered agent.
Whether it’s an LLC or a Corporation, a registered agent will need to have a physical street address appointed and not a PO Box. The person (or agency) you designate will also be your primary contact with Secretary of State. The best way to think of a registered agent, is the individual who is responsible for representing your company within the state in which you registered your company. In order to understand what role a registered agent plays and how a virtual mailing address fits into the picture, it’s best to define what these two terms mean, and where their differences lie. And depending on what your approach is to ensuring privacy and security of mail (more on that here) you may consider having a virtual mailing address as well. Whether you are launching an online business, an LLC or Corporation, it is very likely you will need to sign up for a registered agent. These are some of the most important questions that come up in regard to setting up your business and ensuring proper document filings. How many addresses does one business need? What are the differences between a registered agent and a virtual mailing address? Why can’t I use a virtual mailing address as a registered agent?
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