Ambitions are a great thing to harbor in life. They are often the beginning of a process that leads to success in life. And when you have been running a business or a limited liability company, and at last you want to set up one, you may want to consider getting a statutory representative. This is a requirement in most states. Hiring Registered Agent Services can equally suffice.
A good rule of thumb is to hire an RA service even when your state does not need it as part of the requirements for filing your registration documents. With so many other requirements you will be struggling to fulfill, you can easily want to overlook the RA aspect. Before you make that move, it will be helpful to take a closer look into the role this service will play.
To begin with, the RA is a third party, usually living in the same state where your business is based. This service will facilitate receipt of service of process notices. Apart from that, they will accept communication from the Secretary of State. When the government has official notifications for your company like tax forms and lawsuit notices, they will receive them on behalf of the business.
Many people will still be in doubt about hiring the RA for not understanding how they will help their business. Having a contact person within the state that the registering authority or state officials can reach whenever the need arises is very important. It is unfortunate that a post office box cannot give the assurance your state will be looking for in the statutory representative.
You do not want to lose out on the many opportunities that recent developments in technology can offer your business. For instance, it is not uncommon these days to find a business being run in multiple states even without having physical offices in all the locations. If you are a virtual company that has been licensed to operate in particular states, the need to have an RA in those states becomes more inherent.
You will find a number of limited liability companies and businesses whose owners are the statutory representatives. This is typically possible from the legal perspective. It is however, a good rule of thumb to designate this crucial role to a third party. As a business entrepreneur, you need the free hand to move around and grow your business instead of having to be around at all times.
Some of the communications to your limited liability company have the potential to be humiliating. Therefore, apart from worrying that some of them could be delivered in your absence, it is important that you avoid situations that will compromise the reputation and status of your company; especially when those deliveries are made in front of customers.
The RA of your company should be sure to retain their address or file paperwork that notifies the state in case there are changes. When you are your own RA, this takes away the privacy you may want to have with your family. This is because the new address becomes public information that anyone can access.
A good rule of thumb is to hire an RA service even when your state does not need it as part of the requirements for filing your registration documents. With so many other requirements you will be struggling to fulfill, you can easily want to overlook the RA aspect. Before you make that move, it will be helpful to take a closer look into the role this service will play.
To begin with, the RA is a third party, usually living in the same state where your business is based. This service will facilitate receipt of service of process notices. Apart from that, they will accept communication from the Secretary of State. When the government has official notifications for your company like tax forms and lawsuit notices, they will receive them on behalf of the business.
Many people will still be in doubt about hiring the RA for not understanding how they will help their business. Having a contact person within the state that the registering authority or state officials can reach whenever the need arises is very important. It is unfortunate that a post office box cannot give the assurance your state will be looking for in the statutory representative.
You do not want to lose out on the many opportunities that recent developments in technology can offer your business. For instance, it is not uncommon these days to find a business being run in multiple states even without having physical offices in all the locations. If you are a virtual company that has been licensed to operate in particular states, the need to have an RA in those states becomes more inherent.
You will find a number of limited liability companies and businesses whose owners are the statutory representatives. This is typically possible from the legal perspective. It is however, a good rule of thumb to designate this crucial role to a third party. As a business entrepreneur, you need the free hand to move around and grow your business instead of having to be around at all times.
Some of the communications to your limited liability company have the potential to be humiliating. Therefore, apart from worrying that some of them could be delivered in your absence, it is important that you avoid situations that will compromise the reputation and status of your company; especially when those deliveries are made in front of customers.
The RA of your company should be sure to retain their address or file paperwork that notifies the state in case there are changes. When you are your own RA, this takes away the privacy you may want to have with your family. This is because the new address becomes public information that anyone can access.
About the Author:
You can get a detailed list of the factors to keep in mind when picking a provider of registered agent services at http://www.nevadadiscountregisteredagent.com right now.
No comments:
Post a Comment