A registered corporate agent is a person whom may be served on the behalf of the corporation. For instance if someone wants to sue your company they just can’t walk in a serve anyone the legal documents. They have to serve the legal papers directly to the registered corporate agent for serve.
Also know as registered agents, in some states known as statutory agents, are appointed third party agents that receive service of process for a business when a legal proceeding has been initiated against a company. It is mandatory that an incorporated business have a registered agent at all times; not having one can be grounds for the revocation of a business’ legal status.
In the United States, the need for registered agents was necessitated by the provisions provided by the Fifth and Fourteen Amendments of the United States Constitution, which prohibits the federal government and state governments from depriving any person of life, liberty or property without due process of law. So, in any service of process procedure, the recipient would by law, need to be notified of their constitutional rights to due process of law, before any action can be taken against them.
The person appointed as your needs to be registered with your respective state government and must sign an agreement that they will maintain their position and be available during business hours. The registered agent must also maintain a valid physical address within the state your corporation is licensed.
A registered agent needs to be equipped with compliance management system knowledge, and perform a host of other functions like monitoring any filings or notifications for your company, even while you’re on holiday.
The annual fee for maintaining a registered agent for your incorporated business can be less than $100 a year and the benefits of having a registered or statutory agents for your company easily outweigh the costs of keeping them. In today’s world where lawsuits and summons are commonplace, the peace of mind, the privacy, and compliance with the law all make it essential to hire a certified, independent, registered or statutory agent for your company or business.