-
Every state requires an LLC (limited liability company) to have a registered agent. Your LLC must identify its registered agent at the time you file your articles of organization. The registered agent of your LLC may be an individual or a separate business entity.
Significance
You may elect to have a member, director or officer of your LLC act as your registered agent. In addition, you may serve as the registered agent for your LLC. In most cases, companies choose to hire a third party company to act as the registered agent for their LLC.
Function
As a registered agent of your LLC, you'll be responsible for receiving legal documents on behalf of your company. These legal documents may include litigation against your LLC. A registered agent should be open or available during normal business hours.
Location
To be the resident agent of an LLC, you must have a physical location in the same state that the LLC was formed in. Resident agents are prohibited from using a post office box.
Age
Any individual acting as a resident agent for an LLC must be over the age of 16. This helps ensure that the person acting as your resident agent is mature, and responsible
Considerations
Electing to act as your own registered agent may expose you to embarrassment if you're served with lawsuit papers in front of friends, family, vendors or clients. In addition, if you like to keep flexible hours, it's probably a good idea to hire a company to act as your registered agent.
Source:
Researchforyou.com: Registered Agent Frequently Asked Questions
Copyright 2023, Wired Ivy, LLC