SERVICES • COMPANY FORMATION
Nonresident Investor
Registered Agent
A registered agent is a company, entity, or person that you’ve picked to handle all your business.
Appointing a Registered Agent
No matter which state you choose to make your investment in (and open your LLC in), you need a registered agent. A registered agent is a person or an entity that will receive official documents on behalf of your LLC. These official documents include:
Correspondence With the State
Having a registered agent is a requirement by the state. They handle all the mail, including all the correspondence from the Secretary of State for you. Not having or maintaining a registered agent means your company will lose good standing with the state, which can have severe repercussions — penalties, fines, loss of the business license, loss of access to the state court system, and more.
Notifications About State And Federal Taxes
All mail from the Internal Revenue Service (IRS), including notices about state and federal taxes, will be handled by the registered agent. In essence, the registered agent is the point of contact between your company and the state.
Service of Process
In case someone initiates a lawsuit against your company, they will first have to send a Service of Process — the summons and documents that explain the grounds of the lawsuit in question — to your company via your registered agent.
The Benefits of Hiring a Register Agent Service
Having a registered agent is vital for the formation of your LLC. Without one, the state won’t recognize you as a business entity since the forms for the formation of your business will be denied.
A registered agent can be anyone, and you can even appoint your own business to be your registered agent.
However, hiring a registered agent service is a much wiser choice because being your own registered agent will lead to a loss of privacy. Your private address would be publicly listed, which means people would easily find you, so you’ll have more trouble protecting your property. If you use an RA address, you’ll be more protected, and, as a bonus, your business will be organized in a more professional manner — separating your personal property and liability from your business entity.
Aside from that, there are a few other reasons why hiring a registered agent service is the best way to go. A registered agent:
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- Has to be physically present in the state your LLC is formed in.
- They need to have a physical address, not just a PO box.
- They must be available during business hours.
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Clearly, being your own registered agent when you’re a nonresident investor can be difficult. That’s why hiring a service is the best way to go.
Thanks to our vast network of business contacts, the Nonresident Investor team has a list of dependable registered agent services that we will connect you with. Just like with the entire formation process, hiring a registered agent won’t be something you have to worry about — we’ll handle everything for you.
Turn your profits into assets that will create a passive income and a positive cash flow.
Our services were created to assist investors in navigating the complex real estate market, covering everything from LLC formation to property management based on years of experience in the industry.
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