As any business owner can attest, success is often built on sound financial decisions, responsible spending, and budgeting appropriately for necessary costs.
If you own or are thinking about starting up a limited liability company (LLC) or a corporation, chances are you will run across the term “registered agent.” A registered agent acts as a legal representative of your business. This representative is required by law in each state in the United States.
All states now require a business owner or operator to name a registered agent. He or she serves as a third-party representative within the state and receives correspondence from the Secretary of state, service of process documents, and official notifications from the government, such as notice of lawsuits or tax forms, for the LLC or corporation.
Having a registered agent, also known as a resident agent or statutory agent, is a requirement for business owners of limited liability corporations (LLC) or standard corporations.