If you are in the process of coming up with your own corporation, there are many regulations you have to comply with. One of the most confusing regulations for most people is complying with Registered Agent Services. Many people hear of this for the first time during registration of their liability limited company. A good thing is that it does not have to be so complicated. A business or individual can be sufficient.
This may sound like a simple thing to do. Actually, you can even add yourself as your own statutory representative. That would be an easy way out. You just have to use different addresses from the one you filed when registering your corporation. While it seems very tempting to be your own representative, you probably should not do it. Keep reading to learn more about how being your own representative is a bad idea.
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.
Having looked at the factors above, it is evident that having yourself as the statutory proxy may not be the best idea. For one, you can never for sure tell whether you will always be present to serve as the proxy for your business. The time you just take leave for vacation, communications start pouring in and you are nowhere to be found. A good rule of thumb would be to hire a service.
While that would have inconvenienced your time, it also still solves one part of the puzzle. There is the other bit where this lawsuit is served in front of customers. In the current society of global connectivity, information can spread like bush fire. One customer posting this online can cause a lot of damage, especially when not properly represented. You will have to spend time and resources to vindicate your name.
Finding the best way to explain to your employees would be a good rule of thumb. They do not have to imagine the business is going under receivership, or about to be closed. For the customers, damage control will depend with how they will take in the information, process and relay it out there.
There are many LLC out there whose owners are not known by the public. This is one of the ways through which business proprietors manage to keep their identities from the public. When on the other hand, you act as the statutory agent, your name and address will be a part of the public documents filed with the state. Anyone can easily access this and find you even at home.
As a statutory representative, you may want to prepare yourself for regular mail checking. This is because you will receive other documents, solicitations, junk mail and notices. Sifting through all that is something you may want to let a hired service do for you.
This may sound like a simple thing to do. Actually, you can even add yourself as your own statutory representative. That would be an easy way out. You just have to use different addresses from the one you filed when registering your corporation. While it seems very tempting to be your own representative, you probably should not do it. Keep reading to learn more about how being your own representative is a bad idea.
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.
Having looked at the factors above, it is evident that having yourself as the statutory proxy may not be the best idea. For one, you can never for sure tell whether you will always be present to serve as the proxy for your business. The time you just take leave for vacation, communications start pouring in and you are nowhere to be found. A good rule of thumb would be to hire a service.
While that would have inconvenienced your time, it also still solves one part of the puzzle. There is the other bit where this lawsuit is served in front of customers. In the current society of global connectivity, information can spread like bush fire. One customer posting this online can cause a lot of damage, especially when not properly represented. You will have to spend time and resources to vindicate your name.
Finding the best way to explain to your employees would be a good rule of thumb. They do not have to imagine the business is going under receivership, or about to be closed. For the customers, damage control will depend with how they will take in the information, process and relay it out there.
There are many LLC out there whose owners are not known by the public. This is one of the ways through which business proprietors manage to keep their identities from the public. When on the other hand, you act as the statutory agent, your name and address will be a part of the public documents filed with the state. Anyone can easily access this and find you even at home.
As a statutory representative, you may want to prepare yourself for regular mail checking. This is because you will receive other documents, solicitations, junk mail and notices. Sifting through all that is something you may want to let a hired service do for you.
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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.
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