Can I Be My Own Registered Agent for My Llc
Tin I Be My Own Registered Agent?
Anyone with a physical address in the state where the express liability company (LLC) was formed can human activity as a registered agent. That means you tin can be your own registered agent. However, nosotros typically recommend hiring a registered agent service instead.
In this guide, we'll explain what a registered agent is, what requirements a registered agent must meet, and why you may not want to serve as your own registered amanuensis.
- What Is a Registered Agent?
- Who tin be a Registered Agent?
- Why Should I Be My Own Registered Amanuensis?
- Benefits of Hiring a Registered Agent Service
- FAQs
What Is a Registered Agent?
A registered amanuensis is a person or entity that is legally authorized to accept official documents, such as tax documents or service of process, on behalf of a company. A registered agent is also known as a resident agent or statutory agent.
In virtually states, an LLC, partnership, or corporation must designate a registered agent. The registered agent can be the LLC'south owner, some other individual, or a professional service. Withal, the individual or service must meet the criteria ready past the state.
Registered agent services offer a number of benefits. To explore your options, cheque out our All-time Registered Agent Services review.
For more information on registered agents, see our What Is a Registered Amanuensis? guide.
What Is Service of Process?
Service of process is when a summons, or notice of a lawsuit, is served on a representative of one of the parties to the lawsuit. Service of process acts as official find to the political party being served and then that they are aware of the lawsuit and can secure proper legal representation.
For a more in-depth explanation, check out our What Is Service of Procedure for an LLC? guide.
Who Tin can Exist a Registered Agent?
A registered agent can be any person who:
- Is 18 years or older
- Has a physical address (not a P.O. box) in the state where business is conducted
- Is available in person during normal business hours
A professional service as well tin act equally a registered agent if the company is authorized to do business in the state, has a physical address there, and has an authorized individual there to receive official documents during normal business organization hours.
Why Should I Be My Own Registered Amanuensis?
While it may be tempting to act as your own registered agent to save money, it could finish upwardly costing you more over fourth dimension. This is considering a registered agent service can help you avoid fees or legal problems acquired by missing or misplacing an important document or notice.
How to Elect Yourself equally a Registered Agent
To elect yourself as the registered agent for your LLC, simply list your proper noun, accost, and other required information on your LLC'due south germination documents when you file them. If your company already has a registered amanuensis, you tin file a grade with the appropriate state agency to change it to yourself.
Downsides of Being Your Own Registered Agent
The downsides of being your ain registered agent include loss of privacy and time.
In terms of privacy, if you work out of your dwelling and act as your own registered agent, your home accost will exist listed in a public database operated past the state. Many people may not be comfy with this.
If y'all work in an function outside your home and act as your own registered amanuensis, people may evangelize sensitive documents to your office that you would rather go on private (similar service of process) during business organisation hours.
Acting as your ain registered agent also requires time for receiving documents and keeping runway of filing deadlines that you could be spending on other concern matters.
Benefits of Hiring a Registered Amanuensis Service
In that location are several benefits of hiring a registered amanuensis service rather than acting is your own. These include:
- Compliance With the Police force
- Peace of Mind
- Flexibility
- Privacy
See Should I Use a Registered Agent Service for more data.
Compliance With the Law
A registered agent service helps you stay up-to-engagement on legal requirements similar filing deadlines, helps find accountants and attorneys, and keeps copies of your corporate documents.
Peace of Mind
Hiring a registered amanuensis service volition give you lot peace of listen that you are meeting legal requirements and don't have to proceed track of them, every bit they can change periodically.
Flexibility
If you hire a registered agent service, you can piece of work whenever you wish and won't have to exist available during regular business hours every twenty-four hours of the week to sign for documents.
Privacy
Hiring a registered agent service will proceed your domicile address out of the public record if y'all piece of work from dwelling. If your function is located outside your abode, it volition prevent deliveries of sensitive documents during work hours.
Recommended: ZenBusiness Registered Amanuensis Service
ZenBusiness is a pocket-size business concern formation service that helps others launch their businesses. Afterwards carefully researching many LLC formation services, we decided to partner with ZenBusiness to pattern packages that offer the most affordable registered amanuensis services for our users at only $99/year for an existing business. You can too upgrade to the consummate coverage bundle to include a "Worry-Free Compliance" guarantee for a total of $149/year.
Can I Be My Own Registered Agent FAQs
Can I be my own registered agent for an LLC?
Yes, you tin be your ain registered agent if you own an LLC. Withal, for privacy reasons and to free up your time for edifice your business, we recommend hiring a registered agent service.
Can anybody exist a registered agent?
Any developed who meets the criteria for a registered agent can be one. These include:
- Being 18 years or older
- Having a physical address (not a P.O. box) in the country where business is conducted
- Being available in person during normal business concern hours
How much does it toll to hire a registered agent?
Registered amanuensis services typically price between about $100 and $300 a year.
Related Articles
What is a Registered Agent?
Member Managed vs Manager Managed LLC
What is an LLC?
Piercing the Corporate Veil
Source: https://howtostartanllc.com/registered-agent/can-i-be-my-own-registered-agent
Post a Comment for "Can I Be My Own Registered Agent for My Llc"