There are many people today who often dream of starting and owning a successful enterprise. The prospects of being a self-employed entrepreneur can be very fulfilling. But this does not so often come easy. You will have to fulfill a lot of requirements from your state. One among the many requirements is having a statutory representative. This may compel you to hire Registered Agent Services to fulfill that need.
Not all states make it mandatory that you have a representative for service of process. This can easily get you thinking that this is something to be disregarded. Do not be so quick to look down upon this aspect of your limited liability company. In order to understand why you should include this factor in your business, be sure to keep reading for useful insights.
To begin with, the RA is a third party, usually living in the same state where your business is based. This service will facilitate receipt of service of process notices. Apart from that, they will accept communication from the Secretary of State. When the government has official notifications for your company like tax forms and lawsuit notices, they will receive them on behalf of the business.
You are probably wondering why this should be so crucial to your company. Well, when you register a business in a particular area, the state wants to be sure they have a person they can use to deliver communication to your business at all times. Therefore, postal office boxes cannot be used in the place of an RA. Maintaining contact with your state is very important for your business.
It is important for companies and businesses to leverage on the latest opportunities coming with advancements in technology. For example, it is not unusual today to encounter a single limited liability company with presence in various states but do not keep physical locations there; thanks to technology. You will have to identify a permanent resident in each of those states to be your RA as a matter of priority.
Maybe some friends or business colleagues have advised you to be your own RA. This is often legally possible, though not a great move to make. You want this important role designated to a third party so that you are not held responsible for receiving tax and legal documents. This can be overwhelming especially when you want to leave the office or state for other engagements such as vacations.
Having to fret about missing crucial business deliveries is not the only reason to make you have a designated representative for service of process. The other advantage is that it can save you from the awkward moments of receiving possibly humiliating tax and legal notices before your clients. This can really work against your business image and will cost to repair.
Privacy is an important thing in life and you should not compromise on this just because you own a limited liability company. When you become the statutory representative for your company, it means maintaining your address or filing paperwork to the state about your new address. This is information that is public and anyone looking for you can find.
Not all states make it mandatory that you have a representative for service of process. This can easily get you thinking that this is something to be disregarded. Do not be so quick to look down upon this aspect of your limited liability company. In order to understand why you should include this factor in your business, be sure to keep reading for useful insights.
To begin with, the RA is a third party, usually living in the same state where your business is based. This service will facilitate receipt of service of process notices. Apart from that, they will accept communication from the Secretary of State. When the government has official notifications for your company like tax forms and lawsuit notices, they will receive them on behalf of the business.
You are probably wondering why this should be so crucial to your company. Well, when you register a business in a particular area, the state wants to be sure they have a person they can use to deliver communication to your business at all times. Therefore, postal office boxes cannot be used in the place of an RA. Maintaining contact with your state is very important for your business.
It is important for companies and businesses to leverage on the latest opportunities coming with advancements in technology. For example, it is not unusual today to encounter a single limited liability company with presence in various states but do not keep physical locations there; thanks to technology. You will have to identify a permanent resident in each of those states to be your RA as a matter of priority.
Maybe some friends or business colleagues have advised you to be your own RA. This is often legally possible, though not a great move to make. You want this important role designated to a third party so that you are not held responsible for receiving tax and legal documents. This can be overwhelming especially when you want to leave the office or state for other engagements such as vacations.
Having to fret about missing crucial business deliveries is not the only reason to make you have a designated representative for service of process. The other advantage is that it can save you from the awkward moments of receiving possibly humiliating tax and legal notices before your clients. This can really work against your business image and will cost to repair.
Privacy is an important thing in life and you should not compromise on this just because you own a limited liability company. When you become the statutory representative for your company, it means maintaining your address or filing paperwork to the state about your new address. This is information that is public and anyone looking for you can find.
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You can get a detailed list of the factors to keep in mind when picking a provider of registered agent services at http://www.nevadadiscountregisteredagent.com right now.
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