When you start your own business, one of the first things you do is hire a registered agent who will take care of your legal and tax documents on your behalf.
A registered agent is an individual or business nominator willing to be a key point of contact for your business regarding government correspondence, legal documents, and notices to ensure that your business remains compliant with the requirements of the state.
Although it can be tempting to be your own registered agent to save some costs, the decision can have dire consequences.
Let us look at 7 reasons you shouldn’t be your own registered agent.
1. Lack of Privacy
You wish to be your own registered agent and that means your name, surname, and most importantly personal address will be on public documents. So whether you like it or not, your home address or office address will be placed on the state records open to the public.
This exposure might create a favorable environment for cash donations to a politician’s campaign, but it will certainly provide grounds for unsolicited mail, spam, and even unwelcome members at your office or house at some point in time.
If you are an entrepreneur who wishes to maintain their personal matters in silence, registered agent services such as EasyFiling will be a good option for you.
EasyFiling allows you to use their address for business communication making the communication more private and secure. In this way acquiring their registered agent service protects your information from becoming exposed to the general public. So for instance your home or business addresses will not be included in filings.
2. Missed Legal and Tax Documents
Instead, you bear single-handedly the entire responsibility of getting documents served in any such court including getting ’ tax notices’ through legal paper’s monthly or annual communication and there is always a risk they will be lost if not present.
Legally, registering yourself as an agent means that you can lose certain pieces of mail. These pieces might be court orders, summons, or other notices related to lawsuits that hold heavy importance. An example of such is a notice about a pending or completed lawsuit against a respective system.
Thus, allowing EasyFiling to professionally handle all your registered agent responsibilities means EasyFiling will protect you from all such notices and information. All important documents will get delivered and reach you in time even while seeking engagements with courtrooms, ensuring you don’t break the law.
3. No Risk of Defaulting on Important Deadlines
The business could suffer severe consequences for not meeting important filing or responding deadlines. These include missing annual reports, tax filings, or notices.
For example, failing to file your annual report may lead the state to take steps that may terminate the existence of your LLC or corporation. Legal notices are time-sensitive, and the deadlines for them are justified; otherwise, they lead to adverse legal consequences such as default judgments which include fines as well as the loss of the legal right.
You do not have to miss any of the important dates, because with EasyFiling’s registered agent service, you are informed about important dates in advance.
This is a great way to ensure that mistakes are not made so no penalties are given and the business remains smooth.
4. Limited Availability
Only attending to any registered agent’s responsibility for 9-to-5 poses a challenge for small business owners. Or those who are doing shifts that can be less than ideal.
The need to file any important legal documents means you cannot work outside of standard office hours, if you are unable to provide the service yourself, that is. But this may not always be easy, especially for someone who is traveling a lot, working out of the office trying to fit in all day’s meetings, or events.
Easyfiling guarantees that your legal and government documents are well reachable irrespective of your location. Our goal is to provide you with the help that you need whenever you need it.
By selecting EasyFiling to be your registered agent, your office does not have to scramble to be accessible during business hours lest someone miss mail dispatch or important call notices.
5. Expertise in Compliance Matters
With different governance structures, there are different ways of forming a business as well as different legal obligations that come along with them; different states have their own set of rules on this.
Satisfying these rules and business formation is quite a manual task for young entrepreneurs who are not financially or structurally robust or are unfamiliar with how the rule of that particular state works.
Using professional registered agent services is a smart thing as such professionals will ensure that your company and every aspect of it is in line with required state and federal regulations.
Make the most out of your compliance needs with EasyFiling. Their systems help you avoid being caught off guard and missing deadlines such as annual filing or tax submission. As a result, they help you avoid running into legal problems or issues with your email or the documents you file.
By having an experienced team deal with your registered agent requirements, you’re capable of concentrating on your business operations while remaining compliant.
6. Peace of Mind
Whether it is daily upkeep or expansion of a business, there is always stress and now maintaining the status of your registered agent only makes it harder.
Not managing your documents on time, missing out on submitting legal papers, and complying with the law, this gets too much to deal with, especially when you are already loaded with plenty of tasks to handle.
However, this does not have to be a problem as well. Just by signing up for the registering agent service, you can rest easy knowing that all the paperwork is being handled by experts.
This means that your documents are safe and you can spend your time focusing on making your business grow instead of worrying about everyday operations.
This gives us the peace of mind that we never need to have a single worry about compliance ever again.
7. Convenience for Multiple States
Moving to another state to work there or establish your business is common today. In this case, however, is the company registered in the primary jurisdiction? If not, it means there’s no way to do business legally in this other jurisdiction as well.
In any case, every state needs a registered agent. Even if you want to take the role yourself, it means there’s a necessity to have an office in all those states in which the company is registered because of various documents received. Otherwise, it can be extremely cumbersome especially when there is no office set up in every state.
EasyFiling takes care of this by providing registered agent services in all 50 states. In simple terms, irrespective of the number of states you operate in, be it one or several, EasyFiling will ensure all the activities concerning the state that include your registered agent responsibilities are well complied with in every state you are operating in.
Conclusion
There are advantages of being your registered agent, and one of them includes a means of saving money. However, I would advise against it because more cons can potentially affect the business negatively in the future.
Breach of confidentiality, non-compliance, and even forgetting about the deadline could be a couple of the reasons that could be an issue when one chooses to undertake this duty, and they would be easy to deal with if given to a professional.
When you hire EasyFiling’s registered agent service, you not only protect your important documents but also keep yourself in compliance with the law and so much more.
The experts at EasyFiling make sure that there are no delays in filing, provide a sheltered location as well as keep your company in order, and make sure you comply with the law at all times.
The duties of a registered agent go way beyond receiving business correspondence, they are the glue that holds the company legally in order, structured, and secure.
Book a free consultation today to get your registered agent with Easyfiling.
Nabin Adhikari
