A registered agent is responsible for ensuring that your business receives official correspondence timely. Having these records and understanding what the state and other parties require from you allows you to avoid legal and financial problems. It is thus fitting that you choose the best person for the job.
Who Can Be a Registered Agent?
Anyone can step in as your registered agent if they meet the following criteria:
- They should be at least 18 years old and legally capable of entering into contracts. When dealing with firms, ensure they have incorporation in the state you will operate,
- They should have a physical address in the state your business will operate. It should be an address where government officials can drop in and hand over official correspondence to the agent,
- They should be available during regular office hours to receive service of process, tax notices, and compliance reminders, and
- They should be residents of the state in which your business will operate.
Thus, your business should be okay whether you step into this role or delegate it to someone or a company that meets the requirements.
Factors to Consider When Choosing a Registered Agent
You must choose someone who meets the requirements set out by the state. Please note that each state has specific rules, and it’s best to read them to ensure you comply. But besides ticking the boxes above, an agent should also boast the following qualities:
1. Extensive Coverage
Say, for example, you have a business in Texas but wish to expand it to Washington in the next five years. Choosing an agent who only operates in Texas would force you to find another agent in Washington once you expand. But if you choose a company that covers both regions, you can avoid having too many moving pieces.
However, if you do not wish to expand your business to another state, this factor will not carry much weight in your decision. So, what’s your long-term business expansion goal?
2. Top-Grade Software
When you hand over the registered agent role to someone or a company, the goal is to have much less work on your hands. So, does the agent ensure this, and if so, how? A typical good agent guarantees that you can access your documents online anytime. For example, Passportology clients can easily access and forward their documents from their dashboards. They do not need to visit the agent’s office to receive their documents and can handle their business obligations wherever they are. And this results in less time wastage, higher efficiency, and promptness in responding to any service of process. Can your proposed agent give you such a guarantee to ease your business?
3. Value for Your Money
While focusing on the cost may feel like a good move, it may blind you to the services provided by the agent. The best way to gauge whether you’re getting value for your money is to look at what you can gain by signing up versus the costs. It helps you narrow your choices down considerably.
4. Reputation
In a world where user-generated content is key, listening to what others have experienced can help you make a better choice. If an agent mostly has good reviews, they will likely live up to your expectations.
5. Professionalism
It’s best to work with an agent whose sole duty is handling government correspondence. It assures you that they will be available to receive your records and will address them promptly. Do you need a reliable registered agent? Choose Passportology for these and more perks.