What is a registered agent?
A registered agent, also known as a resident agent or statutory agent, is a person or entity designated by a company to receive legal documents and official government communications on its behalf.
The primary responsibilities of a registered agent include the following:
Receiving legal documents, such as lawsuits or subpoenas, and ensuring that the company is promptly informed about them.
Receiving official government notices, tax forms, and other compliance-related documents on behalf of the company.
Maintaining a physical address (not a PO Box) in the state where the company is registered, the registered office.
States require companies to have a registered agent to ensure they have a point of contact within the state to handle legal and government communications. This requirement helps maintain accountability and transparency for businesses operating within the state.
A registered agent can be:
An individual, such as a company owner, officer, or employee, provided they have a physical address in the state where the company is registered and is available during regular business hours to receive documents.
An attorney or CPA, provided they have a physical address in the state where the company is registered and is available during regular business hours to receive documents.
A professional registered agent service company specializing in acting as a registered agent for multiple clients.
The cost of registered agent services varies depending on the provider, and the level of service offered. Typically, professional registered agent fees range from $100 to $300 annually. Some companies may offer additional services, such as assistance with annual reports, state filings, or compliance management, which could result in higher fees.
Researching and comparing different providers is essential to find the best fit for your company's needs and budget.
