|
OVERVIEW
Each state has adopted its own statute which
regulates the formation and governing of entities
such as corporations and Limited Liability Companies
(LLCs.) It's usually called the Business Corporation
Act (BCA) or Business Corporation Law (BCL.)
These acts are usually based on (and very similar
to) the Revised Model Business Corporation Act
(RMBCA.)
Section 5.01 of the RMBCA says that "
... each corporation must continuously maintain
... (1) a registered office ... and (2) a registered
agent." In general, failure to maintain
a registered agent results in the loss of the
"good standing" of the corporation
with the state. This affects your ability to
do business in the state, can result in corporate
contracts being deemed void or voidable, and
can possibly result in personal penalties or
fines on the officers and directors of the corporation.
WE CAN SERVE AS YOUR RA EVEN IF WE DIDN'T
FORM YOUR COMPANY!
We can serve as your Registered agent whether
or not we originally formed your company! At
US$139.00 (US$175.00
in Canada) per year, we are probably
considerably more cost-effective than your current
RA. Call us today to ask how we can help you
change your Registered Agent to us.
Almost every state has enacted similar provisions
in their own Business Corporation Act which
require a Registered Agent or Office for every
corporation, LLC, or Limited Partnership which
does business in their state. The purpose of
these provisions is to ensure that each company
has an office where it may be found, and a person
at that office on whom service can be effected
for any notice or process in connection with
litigation. The Secretary of State and other
government agencies usually send any other official
communications such as annual reports and tax
notices to this address.
For Limited Liability Companies, many states
require that your registered office be the same
as the one where you house your record keeping;
in these states, we cannot serve as your RA.
One notable exception is the state of New York
which requires you to appoint the NY Secretary
of State as Registered Agent. However, you may
still designate NRAI as the address to which
process is forwarded (we will complete the forms
to accomplish this if you choose Registered
Agent services in New York.)
At International Business Company Formation,
Inc., we've very carefully chosen National Registered
Agents, Inc. (NRAI) to provide registered agent
services for you. With agents specially trained
to correctly handle service of process in every
state (and internationally), NRAI knows the
importance of these official documents. As professional
agents, offices are always staffed during business
hours and your critical papers are never left
unattended. Within hours they are sent to you
via Federal Express (at no extra charge!) This
allows you to promptly respond to a lawsuit
(or official state communication) and avoids
the specter of a Default Judgment which could
cost you tens of thousands of dollars to overturn.
And all this expertise at the most cost-effective
price available.
|
