A registered agent is simply a person or entity appointed to accept service of process and official mail on your business’ behalf. You can appoint yourself, or in many states, you can appoint your business to be its own registered agent.
Can you be your own LLC agent?
You can act as your own Registered Agent for a corporation or LLC as long as you have a physical street address in the state where your corporation or LLC is formed. The actual corporation or LLC being formed, however, cannot name itself as its own Registered Agent.
Is registered agent same as owner?
By Brette Sember, J.D. When you set up a limited liability company (LLC), you must designate a registered agent. However, being an LLC’s registered agent doesn’t make that individual or company an owner of the LLC.
What is the point of a registered agent?
The registered agent is your business’ point of contact with the state and for service of process. The theory behind the requirements of the listed registered agent is to ensure your business maintains a reliable way to be contacted.
Do I need an agent for my LLC?
You need a registered agent for an LLC, corporation, or other formal business entity. Sole proprietorships and general partnerships don’t need a registered agent. You must name a registered agent when you file business formation paperwork with your state.
Is a registered agent liable?
The only personal liability a resident agent for a limited limited liability company assumes is that associated with timely transmission of a lawsuit summons and petition.
What are the risks of being a registered agent?
Risks to Being Your Own Registered Agent
- 1) You Have to Be Available During All Business Hours. …
- 2) You Could Miss an Important Delivery. …
- 3) You Can Only Conduct Business In Your Home State. …
- 4) A Registered Agent’s Address Is a Matter of Public Record. …
- 5) Your Customers or Employees Could See You Get Served.
Who should be your registered agent?
In most states, the agent can be an individual who is at least 18 years old, or it can be a company that provides registered agent services. A corporation or LLC cannot act as its own agent, but in most states, one of its employees or owners can be the agent.
Do you automatically get approved for the business name you’ve requested?
Q3Do you automatically get approval for the business name you’ve requested? Why or why not? Your name reservation does not automatically get approved. If the Secretary of State determines that another business is already using that name, your request will be rejected and you will be directed to select another name.
What is the difference between a registered agent and a managing member?
Different from a non-managing member, the managing member of an LLC acts as the company’s agent. … Employees, officers, managers, and members of LLCs can act as the registered agent for the company as long as they live or work in the same state where the LLC is formed.
Can I use my registered agent address as my business address?
If you call the Secretary of State’s office, they will also tell you that the Registered Agent address can be used as the company’s address. … If you’re not your own Registered Agent, then you SHOULD NOT USE the Registered Address as your company’s business address. The reason is this address is not in your control.