What Happens if You Don’t Have a Registered Agent? Risks, Fees, and Consequences
Running a business comes with plenty of responsibilities, but one requirement many entrepreneurs overlook is maintaining a registered agent. You might wonder: What happens if you don’t have a registered agent? The short answer is — nothing good. Failing to designate or maintain a registered agent can lead to missed legal notices, steep penalties, and […]
DIY vs. Professional Registered Agent: Cost, Risk & Privacy Compared
What Is a Registered Agent and Why You Need One Your registered agent is your business’s official point of contact for legal notices and state communications. All LLCs and corporations are required to have one. Whether it’s you, a team member, or a professional registered agent service, this role is critical to staying in good […]
Why Filing an Annual Report on Time Matters for Your Business
Filing an annual report is a crucial responsibility for businesses of all sizes. Not only is it required by law, but it also serves as a vital communication tool between a business and the state in which it is registered. Annual reports provide updates on the business’s status, ownership, and management changes, and other relevant […]
LLC vs Sole Proprietorship: Which Business Structure is Right for You?
Starting a new business comes with a long list of decisions, and one of the most important is choosing the right legal structure. For many entrepreneurs, that choice comes down to two common options: operating their business as a sole proprietorship or registering their business as a limited liability company (LLC). Both have their benefits […]
Maintaining Good Standing: Tips to Keep Your Business Compliant
Keeping your business in good standing with the state where it is registered is essential for protecting your LLC or corporation and maintaining the legal status and credibility. Whether you’re an up-and-coming entrepreneur or managing an established company, understanding how to maintain business compliance can help avoid hefty penalties, administrative dissolution, and costly disruptions. In […]
Top 5 Benefits of Using a Professional Registered Agent Service
If you’re starting a business or already running one, you’ve likely come across the term “registered agent.” But what does a registered agent actually do? And more importantly, why should you consider hiring a professional registered agent service instead of acting as your own? Let’s break it down. What is a Registered Agent? A registered […]
What is a Certificate of Good standing for an LLC?
What is a Certificate of Good Standing? A certificate of good standing is a document, typically issued by the secretary of state in the state where your business is registered, that confirms that your LLC is in “good standing” with the state. It means that your business has paid all required state taxes, submitted an […]
Critical Deadline: How to File Your BOI Report with FinCEN
If you own or manage a business, there’s a crucial compliance deadline you need to meet by year-end: submitting your Beneficial Ownership Information (BOI) report to FinCEN, the Financial Crimes Enforcement Network under the U.S. Department of Treasury. This reporting requirement stems from the Corporate Transparency Act (CTA), which was enacted to increase transparency in […]
Do You Need a Registered Agent? Here’s What You Should Know
Running a small business is an exciting endeavor, but it also comes with a whirlwind of responsibilities. Understanding the intricacies of legalities might not be at the top of your priority list, especially if your business operates locally. However, hiring a registered agent can be a hidden gem that saves you time, money, and even […]
All About Certificates of Good Standing
What is a Certificate of Good Standing? Have you ever been asked for a “Certificate of Good Standing” for your business? It might sound fancy, but it’s basically a report card from the state saying you’re doing things right. Think of it as a clean bill of health – proof you’ve filed your annual report, […]