Though lenders require you to have an independent director, if your business is facing financial hardship, choosing the right one can be stressful because you may not know exactly what you need or what to look for.
Registered agents are a necessity for businesses, but do you need more than one? If you have a business and are considered expanding to include locations outside of your original state of incorporation, or if your business already has locations in multiple states, you might be wondering if you need to have a registered agent in each state.
When it comes to choosing a registered agent for your business, it is imperative that you select someone you trust. After all, the person you designate as your company’s registered agent is responsible for accepting service of process, receiving communication from the government, and serving as the contact person for your business.
When you are considering the different vendors you need to hire in the creation of your new business, hiring a registered agent should be a priority on your list. With such an important role in your business, you may be struggling with what to consider and how to choose a registered agent.
Did you know that when you’re ready to incorporate your business, you have options as to where your business will be incorporated? In some states, such as Delaware, you are not required to have a physical headquarters in that state in order to have your business incorporated there.
Perhaps you’ve been operating as a sole proprietor and it is time to expand into a limited liability corporation (LLC), or maybe you have decided to launch a new business venture and you’re ready to fully incorporate your business.
As a business owner, you’ve probably heard that you need a registered agent, and in fact, it’s likely required by law in your state that you do have a registered agent. But what is it that a registered agent actually does?
About half of all new American businesses fail within five years of opening their doors, according to the United States Bureau of Labor Statistics. Oftentimes, it is a lack of prior research, planning, and preparation that forces small companies to shut down soon after getting started.
As any business owner can attest, success is often built on sound financial decisions, responsible spending, and budgeting appropriately for necessary costs.