An independent director is hired by an entity to sit on the board of directors. They are not affiliated with the operation of the entity and are independent in order to make unbiased decisions regarding financial matters should the need arise.
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 …
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.
Registered agents perform a necessary task for corporations of all sizes. We’ve written a lot about why you need a registered agent for your business, as well as the benefits of hiring one.
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?
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 …