Registered Agent 101: Comprehensive Guide
What is a Registered Agent?
A registered agent is a person or company who has been hired by an LLC or Corporation to receive service of process, government correspondence, and compliance documents on behalf of the business. A registered agent will forward all official documents from companies like the IRS, the state of California Franchise Tax Board, and official letters from a state agency to your business.
A registered agent is not required for limited liability companies in every state. Before you register your company with the Secretary of State in any state, you should check with your local government to see if you are required to have a registered agent. In states that do require a registered agent, there may be a fee associated with this obligation.
You can also choose to hire a professional service to handle your registered agent responsibilities if you do not want to designate an employee or officer within your company as the registered agent.
Can I Be My Own Registered Agent?
You’re starting a new business, and you want to save money. You don’t want to pay the $50 or so it costs to have a professional act as your registered agent. Or you are an entrepreneur looking to save money on business registrations. You decide to appoint yourself or someone else associated with your LLC as your registered agent.
According to laws, a Registered Agent must have a physical address in your state of formation, and a post office box isn’t allowed to be used and as a business owner you have a lot of responsibilities while working as a registered agent you may miss important legal documents. My high advice to you would be to hire a registered agent.
Best Registered Agent Services
Because a corporation or LLC is legally required to have a registered agent, choosing the right one is extremely important. Registered agents play an active role in the legal and financial affairs of your business and are legally responsible for all official correspondence.
There are various registered agent services available online, out of which I have selected the five best registered agent services.
ZenBusiness listed on number one in my ranking list of best registered agent services. ZenBusiness was founded in 2015, In the period of 6 years, they helped over 80,000 people, which is exceptional in a large number to have served that many people in such a limited amount of time.
If you are willing to appoint a registered agent for your business, ZenBusiness is the best option over all other service providers. If we talk about customer support, ZenBusiness is better than many other registered agent services. Over 7000 reviews on Trustpilot and most of them with 5 stars rating.
Pricing: For registered agent service, ZenBusiness offers two packages; Standard package is $99/year for an existing business, but you can also upgrade to the complete Coverage package at $149/year.
Micahguru Formation is a fairly young company than all the service providers included in this article but I prefer Micahguru Formation is the best registered agent service after the ZenBusiness.
Micahguru Formation was formed in 2020, but in this very short time, they formed over 150+ businesses and have mostly five-star reviews on popular and independent platforms.
Pricing: Micahguru Formation provide registered agent service in all the 50 states of America. For the registered agent service, they charge $99.
Incfile was founded in 2004, they have served more than 250,000 businesses which is exceptional. It proves that Incfile is an experienced company.
Incfile offers one of the best registered agent services. Customer reviews are the most important stability for Incfile, as they have thousands of happy clients across the globe with little bad feedback.
Pricing: Incfile charges $119 for registered agent service.
Northwest Registered Agent
Northwest Registered Agent is one of the earliest formation services providers, founded in 1998. If you are looking for a formation or registered service with world-class customer support, Northwest Registered Agent is the best choice for you.
Pricing: If you consider the excellent customer support and business experience, this might be the best service for you. Northwest Registered Agent charges $125 for registered service.
LegalZoom was founded by Robert Shapiro in 1999 and quickly became one of the most recognized business formation services. It proves that LegalZoom is one of the experienced company in the business.
It is a well-known legal service in the U.S. The company provides fast, reliable, and affordable legal services for small businesses, individuals, and families.
Pricing: There is no doubt that LegalZoom is the best business formation provider in the industry but LegalZoom charges $299 for a registered agent which is a little expensive as compared to all the included service providers.
In this comprehensive guide, I have explained to you what is a registered agent, What are the responsibilities of a registered agent, Can you become a registered agent of your company yourself, and which is the best registered agent services. I hope this guide finds helpful for you.