If you're going to succeed in business, you have to pay attention to details. Starting a new company requires the assistance of lawyers and accountants to make sure you have filed all your paperwork correctly and filled out the requisite insurance and tax forms. You must know whether or not you will need registered agent services. Even when you live in one of the few states that doesn't require this, you should still consider employing a designated representative.
These agents operate on your behalf. They are authorized to receive documents and notifications from various government entities, IRS notices, and official paperwork from attorneys. The agents must have physical addresses in the states in which owners first established their businesses.
They serve as contacts for the state. It is especially important to have a service like this when you have businesses in multiple states, or don't actually do business in the state in which you are registered. Failure to have a designated representative can have serious consequences.
Business owners hire third party representatives to accept important official documents and notices for them. The agents are located in the state where the business is registered. Official representatives are authorized to receive notifications such as process notices, tax forms, communications from the Secretary of State and various government entities, and information notifying businesses of pending lawsuits.
States want to know they can reach company owners whenever they need to. That's why most of them require owners to have contacts who are reachable at all times. This is even more important to states when businesses have physical locations outside their borders. Your official representative must submit a physical address to the state. Post office box addresses are not accepted.
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.
If you want to be your own representative, you can probably do that. The problem comes when you realize you have to make provisions to leave the office early, take a vacation, or stay home when you're sick. Being a registered agent means being available all the time. You have to consider the convenience factor and weigh it against the cost.
Agents are good to have in case there is any danger of someone from the sheriff's department entering your place of business in order to serve you with a summons regarding a pending lawsuit or tax audit. If you decide to move your business to another location, having an agent will reduce the amount of paperwork you will have to submit. Failure to comply with the registered agent regulation might mean losing your license and some steep fines. Reinstating your business will be even more expensive.
These agents operate on your behalf. They are authorized to receive documents and notifications from various government entities, IRS notices, and official paperwork from attorneys. The agents must have physical addresses in the states in which owners first established their businesses.
They serve as contacts for the state. It is especially important to have a service like this when you have businesses in multiple states, or don't actually do business in the state in which you are registered. Failure to have a designated representative can have serious consequences.
Business owners hire third party representatives to accept important official documents and notices for them. The agents are located in the state where the business is registered. Official representatives are authorized to receive notifications such as process notices, tax forms, communications from the Secretary of State and various government entities, and information notifying businesses of pending lawsuits.
States want to know they can reach company owners whenever they need to. That's why most of them require owners to have contacts who are reachable at all times. This is even more important to states when businesses have physical locations outside their borders. Your official representative must submit a physical address to the state. Post office box addresses are not accepted.
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.
If you want to be your own representative, you can probably do that. The problem comes when you realize you have to make provisions to leave the office early, take a vacation, or stay home when you're sick. Being a registered agent means being available all the time. You have to consider the convenience factor and weigh it against the cost.
Agents are good to have in case there is any danger of someone from the sheriff's department entering your place of business in order to serve you with a summons regarding a pending lawsuit or tax audit. If you decide to move your business to another location, having an agent will reduce the amount of paperwork you will have to submit. Failure to comply with the registered agent regulation might mean losing your license and some steep fines. Reinstating your business will be even more expensive.
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