The Importance of a Registered Agent
Most states require businesses to maintain a registered agent in the formation state, individual, or entity designated by your corporation or LLC, to accept legal and official documents on behalf of your business. This could include, but is not limited to, documents such as franchise tax notices, annual reports, official legal notices such as a court summons, and more.
MyCorporation can provide your corporation or LLC with a registered agent in any of the 50 states.
Additionally, as your registered agent, we can add a layer of privacy between your business and the public. Penalties for not maintaining a registered agent generally will cause a jurisdiction to revoke a business' corporate or LLC legal status.
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A registered agent is an individual or entity designated by a Corporation or Limited Liability Company to accept official documents on behalf of the corporation.
Any entity conducting business must register to do business in that state, and may also have to designate a registered agent in that state as well. A registered agent may be required depending on the jurisdiction in which a company is incorporated or foreign qualified.
A Registered Agent acts as the representative for accepting Service of Process served upon the company. Service of Process is broadly construed to include any legal proceeding, legal notice, or official government communication presented to the company while it is within the jurisdiction of a state.
The failure to register and designate a registered agent may foreclose or hinder the company's ability to legally enter into contracts and gain access to the state courts. Moreover, it may subject the company to monetary, civil, and possibly criminal sanctions. Also, failure to maintain a registered agent may cause a company to fall out of "good standing" within the state. This will subject your license to do business within a state to forfeiture, with monetary penalties assessed to reinstate your company to a "good standing" again.
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