When starting a business, one of the many legal requirements is to appoint a registered agent. A registered agent is a person or entity designated to receive legal notices and other important documents on behalf of the business. This is a crucial role as failing to have a registered agent can result in legal consequences such as default judgments, fines, and penalties.
While some business owners choose to appoint themselves or a member of their team as the registered agent, hiring a law firm can be a wise decision for several reasons.
First, attorneys have the legal knowledge and expertise to handle legal documents and notices the business may receive. Attorneys are trained to understand the importance of these documents and how to respond appropriately. They can quickly identify any legal issues and advise the business owner on the necessary steps to take.
Second, an attorney can provide ongoing legal support to the business. As a registered agent, they are already familiar with the business’s legal requirements and can advise on any legal issues that arise. In addition, they can ensure that the business stays compliant with changes to the law and business formalities, including filing periodic reports. This can save the business owner time and money in the long run, as they won’t need to hire a separate attorney for each legal issue that may arise.
Third, having an attorney as a registered agent can help to maintain privacy and protect the business owner from unwanted attention. A registered agent’s address is publicly available, meaning that anyone can access it through the Secretary of State’s website. By appointing an attorney as the registered agent, the business owner can keep their personal address private, and any legal documents or notices will be sent directly to the attorney’s office.
In conclusion, while it is possible for a business owner to act as their own registered agent, hiring an attorney can help the business owner stay focused on operating the business. An attorney has the legal knowledge and expertise to handle legal documents and notices, provide ongoing legal support, ensure compliance, and help maintain the business owner’s privacy.
The appointment of an experienced business attorney as the registered agent, can afford the business owner peace of mind knowing that their legal requirements are being handled by a professional.
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