A statutory agent makes decisions on behalf of another person, an association, or a company. Power of attorney has nothing to do with granting him a role as a statutory agent. Instead, the law permits him to serve businesses and individuals as a statutory agent.
A registered statutory agent in Arizona offers document management; scans all official papers so you may have access to all the documents from your internet account. In addition, they offer compliance management, submitting yearly reports, and keeping a tab of other relevant dates. He offers comprehensive coverage; it is the responsive ability to serve as a registered agent in all 50 states.
Here are some instances when hiring a statutory agent becomes obligatory.
1. When You Register Your Company and Want Someone to Be a Legal Representative
All corporations, including Limited Liability Companies (LLCs), need a registered statutory agent to obtain legal communications and other documents on business behalf.
2. When You Don’t Want to Use Your Home Address for Your Business
If the company owner does not wish to include their home address, a registered statutory agent service solves the problem. Legal processes and official mail from the state may be delivered to the agent’s registered address, keeping your home address from the public records.
3. If You Never Want to Miss Important Notices
Paying a little annual fee for registered statutory agent services enable you to handle legal documentation, process, and other notifications. You’ll save your time attempting to track your official notices and making sure you’re sorting and reading your mail. In addition, this sort of service assures that you won’t miss or forget an important notification, which might be quite costly for your business if you don’t reply to a pending lawsuit or fail to pay taxes on time.
4. When You Want Someone to Look After Your Legal Matters
Hiring a statutory agent is the ideal option if you don’t want to be served legal paperwork in front of your staff or customers. You will not be at risk of losing your good standing with the state. Some registered agents charge extra services such as document filing and advising firms of forthcoming events such as yearly filings or franchise tax filing deadlines.
5. When You Want to Expand Business in the Other States
You’ll need to register with each state in which your firm operates, and each state requires a registered agent with a physical address in that state. As a result, many business owners engage registered statutory agent services to ensure that they comply with state requirements and that all relevant notices to the company are stored in one place, with their registered agent.
6. When You Want to Add Value to Your Business and Look Professional
Hiring a statutory agent makes your life easier by helping you stop worrying about the business legalities and focus on your core business operation. A company that works systematically is always recognized as reliable and professional. Stop managing everything on your own and share your burden with an expert, and have a professional added value to your business.
Precisely, a registered statutory agent accepts tax and legal papers on behalf of companies and individuals and is mandatory to carry out the legal and tax work on behalf of the business.
7. If You Are Unavailable most of the time At Your Business
A Statutory specialist should be accessible during usual business hours at the location given. If you are not available at your business during normal business hours (for example, reasons like holiday Trips, or picking up the children, or even for business reasons, or in any event for business reasons, for example, outside deals or getting business things done and so forth, etc), you will need to hire a registered agent.
Regardless of whether you are at your business, you may not be accessible to stop what you’re doing and keep an eye on the administrative work. Although the hand-off of authoritative papers is moderately speedy, interfering with your work and guaranteeing the papers are appropriately reserved after pass can be an unwanted issue. Employing a Statutory specialist can easily tackle that issue.
Also, your business works during non-standard hours or planning to go off location during the year and will not be available at your business, hiring, a Statutory agent who will be accessible is prominent to assure that interaction can be served.
In Conclusion
Many small-scale firms employing a Statutory agent administration simply don’t seem OK. They have a standard retail facade, maintain typical business hours, just work in their residence state, and they aren’t worried about their security. Assuming that it is you, you ought to do fine without a Statutory agent.
The entrepreneur would be the most suitable private name to list down as the Statutory specialist for the business so a significant report doesn’t get slipped off with a representative. However, if any of the motives indexed above ring a bell with you, hiring a Statutory agent is probably a remarkable move.
