The key to success when running a business is to have the right people by your side to assist you with important issues. Other names are “registered agents”, “resident agents” or “statutory agents”. But is it that easy to find the ideal one?
TRUiC is here to help you take the right steps before starting, providing all the necessary tools, marketing plans, and other useful material in order to be fully prepared for the big step in your career. This article provides you with useful information about the role of a registered agent.
What is a registered agent?
Their basic role is to accept tax and legal documents on behalf of your business. Whatever the structure of your startup, there will always be issues with the law as well as reports, summons, and legal documents. They will help you to grow your business by keeping up with all the latest state requirements, sending emails, and completing other important procedures.
Who can become a registered agent?
Most of the states in the US require a registered agent in every business. If you feel that you can cope with the demands of this position, then you have the freedom to become your own registered agent. However, this has its own risks and definitely lots of sacrifices. You will need to spend extra hours handling documents, taxes, and reports that are necessary and if you make any mistakes, it might cost you the future of your business. This is why we recommend that you find an ideal individual or even better a registered agent service.
What are the advantages of a registered agent?
When you have a registered agent in your business, the advantages will always outweigh the disadvantages – if there are any. When you have a specific person to take care of all the legal issues this means that you will have:
- enough time to run the rest of the business in peace and quiet with no added and unnecessary worries.
- privacy, because a registered agent will only bother you if something serious comes up. Plus, you won’t have to deal with incidents like receiving legal summons.
- Compliance with the Law, since the important documents and legal procedures will be done by the registered agent.
- Flexibility, especially if you hire a professional service that will be available in all 50 States.
What are the disadvantages of a registered agent?
In actuality, there are no disadvantages from our point of view. When you have a registered agent in your business this enables you to grow and have the time to think of your next steps without worrying about mundane legal issues. The only thing you should be very careful about is choosing an individual or a service company that is reliable. They will handle the most important part of your business so you definitely need the best. I wouldn’t worry too much about the money as hiring a registered agent is an investment.
Where can I find a registered agent?
If you have decided that you want someone else to become your business’ registered agent, then there is a wide variety of individuals in all 50 states to choose from. Remember they must be over 18 years old, permanent residents of the state you wish to set up your business and always available during normal business hours (generally 9-5). However, if you want a professional service company, TRUiC suggests two of the best in the market.
Running a business includes both easy and difficult moments that need careful handling. A registered agent is the perfect right hand man of the business owner. So, when the time comes, be sure that you make the right choice because this person will actually save time and protect the business from law troubles. TRUiC can provide you with all the necessary tools and information you need about your business’ formation and advice based on your needs.