For those interested in forming a limited liability company, there are many regulations to comply with. For instance, you need to have Registered Agent Services. This could be an individual or business that is designated to receive official correspondence, especially concerning law suits, on behalf of the LLC. This statutory proxy is an important requirement for the government. You may have to provide their name and address on the documents you file with the state.
These agents are particularly crucial for companies that based in other states where they are doing business, which are not where they were registered. The states there will need to be sure that someone can be accessed at all times during business hours in case they have important official correspondence to deliver. If you had placed your name, it would be practically impossible to be in two different states at the same time.
Imagine a scenario where you are expanding your company to a neighboring state. With your name as the statutory representative, it means you have to be a resident of that state. This is the basic requirement for anyone who wishes to fill that capacity. Chances are, it was never in your plans to relocate. This may force you to move into that area. If not, you may have to find another alternative but yourself.
There is another scenario about being the statutory proxy for your firm. Imagine when you are served with a lawsuit at your business premises. Chances are some if not all the employees and customers will be present. This will be the start of instability in the company. Your employees are likely to get worried about the future of the business. You can take time to explain the situation to restore calm and order.
Like it was indicated, many other factors still work against the idea of a company owner being a statutory proxy for his or her corporation. In the event you have to be served with a lawsuit, it will take place in your business premises. This will be probably before the employees and customers. Already, that comes as a serious problem to the stability of your business. You have to act quickly lest things get out of control.
While you can take pride in controlling the situation among your employees, you cannot control how your customers will think. In addition, you may not be in a position to control what they will do with such information. Once it gets in one of the social media sites or business forums that you are facing a lawsuit, the content might spread like bush fire.
Before submitting your details as the statutory proxy in your company, take some time to think on the implications it could have to your privacy. You probably do not wish it that your personal information gets out there. But with the information having been filed under public records for the business, the information will now be under public domain.
Registered agents often receive other official correspondences apart from lawsuits. They may range from junk mail addressed to the company to solicitations. Chances are you may not be in a position to regularly run through all the mail, hence preferring an outsourced service provider.
These agents are particularly crucial for companies that based in other states where they are doing business, which are not where they were registered. The states there will need to be sure that someone can be accessed at all times during business hours in case they have important official correspondence to deliver. If you had placed your name, it would be practically impossible to be in two different states at the same time.
Imagine a scenario where you are expanding your company to a neighboring state. With your name as the statutory representative, it means you have to be a resident of that state. This is the basic requirement for anyone who wishes to fill that capacity. Chances are, it was never in your plans to relocate. This may force you to move into that area. If not, you may have to find another alternative but yourself.
There is another scenario about being the statutory proxy for your firm. Imagine when you are served with a lawsuit at your business premises. Chances are some if not all the employees and customers will be present. This will be the start of instability in the company. Your employees are likely to get worried about the future of the business. You can take time to explain the situation to restore calm and order.
Like it was indicated, many other factors still work against the idea of a company owner being a statutory proxy for his or her corporation. In the event you have to be served with a lawsuit, it will take place in your business premises. This will be probably before the employees and customers. Already, that comes as a serious problem to the stability of your business. You have to act quickly lest things get out of control.
While you can take pride in controlling the situation among your employees, you cannot control how your customers will think. In addition, you may not be in a position to control what they will do with such information. Once it gets in one of the social media sites or business forums that you are facing a lawsuit, the content might spread like bush fire.
Before submitting your details as the statutory proxy in your company, take some time to think on the implications it could have to your privacy. You probably do not wish it that your personal information gets out there. But with the information having been filed under public records for the business, the information will now be under public domain.
Registered agents often receive other official correspondences apart from lawsuits. They may range from junk mail addressed to the company to solicitations. Chances are you may not be in a position to regularly run through all the mail, hence preferring an outsourced service provider.
About the Author:
When you are looking for information about registered agent services, come to our web pages today. More details are available at http://www.nevadadiscountregisteredagent.com now.
No comments:
Post a Comment