Registered agent services understanding importance of the service of process and registered agents

Registered Agent Services-Understanding Importance of the Service of Process and Registered Agents

For individuals that own a business identify with the fact how tough it can be to abide by with all the state, federal and the local laws to which your company is subject. If you want to form a corporation, LLC or limited partnership (LP) then, one of the most important business compliance requirements is to hire and maintain the professional registered agent services.

Compliance becomes much easier and less terrifying if you understand what the necessities are and why does it exists. So, let us explore a brief explanation about what a registered agent service is, why you require hiring one and what will happen if you do not hire one.

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What is a Registered Agent & Its Primary Function?

A registered agent is basically an individual or business entity appointed by a corporation, LLC, or LP and authorized to accept the legal documents, tax documents and official government communications on your company’s behalf. The registered agent’s primary and the most essential legal function are to obtain the service of process and to forward the documents accepted for the concerned corporation, LLC or LP. This presentation is brought to you by Rapidregisteredagent.com

Understanding the Service of Process:

Service of process (SOP) comes into action whenever a lawsuit is being filed. Every business owner must know what SOP is as each company regardless of how well it runs can get involved in a lawsuit, either as the third party bringing the lawsuit or is the company that has been sued. The legal summons comprises vital information such as: •The names of the third party bringing the lawsuit and the company that has been sued.

•The third party’s lawyer.

•The court.

•When the company that has been sued has to respond back to the lawsuit.

•What will happen if the company that has been sued fails to reply on-time?

The legal summons which are also called as the “process.” has to be delivered on-time to the company that has been sued. The delivery of the “process” is called “service”. So, service of process (SOP) is the procedure by which an individual filing a lawsuit offers the company being sued with legal notice of the court case.

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The Need for Right Service of Process:

Service of process (SOP) is governed through a comprehensive set of statutes and principles. It performs three primary purposes: •It offers the company being sued with legal notice of the lawsuit filed against them.

•It offers the company being sued an opportunity to respond and protect themselves.

•It institutes the court’s authority over the company being sued.

The right service of process comply the legitimate rules and statutes which are compulsory to be followed by the state’s constitution. Without a suitable service of process the court does not have adequate power for make the company being sued to pay money to the third party or for allowing the defendant to take any actions.

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Prior to hiring the registered agent services, business owners must get their registered agent’s name and address is in the Articles of Incorporation (AOI) and the Articles of Organization (AOO). The registered agent’s name and address is also mentioned in the application for the authority filed to run business in the other states. In case you have changed your registered agent or their address then, the state should be notified about the same.

The state can enforce penalties for non-compliance and can managerially dissolve or rescind the authority to run business of the companies which have not hired and maintained a registered agent or have not let the state discerned about the changed registered agent or their address on-time.

The bottom line is that all business owners that plan to form a corporation, LLC or LP must get acquainted about the fact that they have to hire professional registered agent services and must stay attentive while choosing the registered agents for their company.

This presentation is brought to you by Rapidregisteredagent.com

RAPID REGISTERED AGENT

Since 2007 we have been providing registered agent services to corporations, limited partnerships, and limited liability companies doing business in Texas.

Our clients are worldwide and many operate multiple companies. Now, with the creation of our new web portal, we're expanding to offer registered agent services in all fifty states.

Rapidregisteredagent.com

Contact Us 1 (888) 487 8007 8701 Shoal Creek Blvd, Suite 401, P.O Box 78757, Austin, Texas This presentation is brought to you by Rapidregisteredagent.com