Why Is Having a Registered Agent So Important?
At some point in your business formation process — or while filing your paperwork with the Secretary of State — you will be asked for the name and address of your Registered Agent. Without this information, you will be unable to form your business.
Here's what having a Registered Agent provides for your business:
Freedom and Flexibility
While you run your business, meet with clients, work off-site and handle the day-to-day operations and demands of the job, you will need to ensure that your important documents are received and processed and not buried in your inbox.
Having a Registered Agent gives you the peace of mind that your "official" documents are not neglected so that you can focus on your company. With a Registered Agent, someone will always be available to accept official correspondence, ensuring that important documents are not missed or lost.
Handling and Processing of Your Important Mail
A Registered Agent will be available during business hours to receive your important mail. They will make sure that the mail is received and that you are notified. Correspondence that is deemed important can include:
It's worth noting here that your Registered Agent will not be handling all of your mail, but only the important correspondence that will be delivered directly to them. So you'll still need to sort through your invoices, payments, subscriptions, junk mail, etc.
Privacy
Assigning a Registered Agent to your business also provides privacy protection. Instead of the address of your business or home, all important correspondence will be sent directly to your Registered Agent. This will be the address that will be included as part of the public records.
Having your Registered Agent receive lawsuits, subpoenas and summons can also save you from being served while meeting with clients or customers. Though businesses are served every day with legal notices, it can be embarrassing for this to occur while you are working. And it can also influence customer sentiment with the assumption of guilt.
Why Being Your Own Registered Agent May Be a Bad Idea
Having a Registered Agent assigned to your business can cost as much as a few hundred dollars a year. Some companies even offer free Registered Agent service either for the first year or as part of other package offerings. Each business owner will need to weigh the options of whether to pay the cost to hire a Registered Agent or to act as their own agent.
Weighing the cost versus the benefits of having a designated Registered Agent is a decision that each individual business owner will need to make, but here are a few points to consider on why acting as your own agent may not be a good idea:
You need to have a physical address.
You like your freedom.
You don't want to risk missing important mail.
You could get served subpoenas and other legal notices in public.
Bizee's Registered Agent Service
No matter where your business is located, Bizee can provide the peace of mind you may be looking for when it comes to having a Registered Agent service. And if you plan to incorporate your business through Bizee's business packages, the first year is free and just $119 a year after that.