Delaware Registered Agents
You can set up a Limited Liability Company (LLC) all alone and even manage it yourself if you have your own physical address in the state of Delaware, but for a cost of as little as 50$ per year, you can have some astounding advantages. You can hire a registered agent’s services for this price to help you save time, money and so much more! But, are registered agents really important?
What Does A Registered Agent Do?
A registered agent also referred to as a resident agent or statutory agent is someone in the same state in which the business is operating who acts as a liaison between the company and the powers that be.
These are some of the roles a registered agent plays in your business:
- A registered agent is a person people will have to go to in case they are filing a lawsuit against your company and hand him the documents in person.
- He will receive, accept and carry forward your legal documents such as processes, notices or demands to the represented entity.
- The registered agent is also responsible for notifying you and the authorities about any notices on time.
- You can also expect him to help you file your reports and taxes when its time and get his expert opinion gathered through many years of experience.
- They also act as your physical presence so if something is to be sent to your office and you don’t physically own one, it can be sent to them instead.
You can do some or all of these things yourself but they have an opportunity cost, is it worth it to pay the $50 per year (which is $4.16 per month) for a registered agent?
Advantages Of Using A Registered Agent:
Every business operates differently and all these advantages might not apply to everyone. However, if any one of these advantages seem like they can be useful then it makes a perfectly good reason for you to go with a registered agent.
1-Physical Space
If you’re a frequent traveler who has to go outside his state many times a month, if you do not live in the state of Delaware and are operating from another state or even if you’re in a situation where it’s not possible to have your residence as your office address then this is the most perfect reason for you to choose to go with a registered agent.
You can choose not to go in during business hours (which are usually 9 a.m. to 5 p.m.) and just receive everything there. If you have a multi-state LLC, then you do not have to be present at each of them or own residence there at all times.
2-Saves You A Lot Of Stress
A good registered agent can help you stay calm and composed without stressing over the little things, provided you do not forget to pay his fee! With all the stuff he takes care of you can find a healthy work-life balance and focus on your priorities.
You won’t have to take long drives to your workplace and just work from your residence instead and you also won’t have the stress of those piled-up papers when it’s time to do your taxes. You can also choose when to work instead of being present in your office for most of your day and this will give you a lot of control over your time.
3-Protects Your Privacy
Most businesses want their matters to be confidential and private to them and that is exactly what a registered agent helps you with. Sometimes you do not want your sales record, receipts or any such information to be in the hands of your competitors which is why you can carry them out in a place they won’t have much information about.
In case of a lawsuit, you do not want the police or authorities showing up at your doorstep in front of your family, customers or neighbors so with the registered agent’s office as your address all your legal action documents will be delivered there. This can potentially save you a lot of embarrassment and make sure you get them in an appropriate way.
4-You Can Concentrate Your Time On To Other Things
A registered agent can help you take your mind off taxation and legal notices which you can use to focus on other things. You can take a long waited vacation without having to worry about an important email or document being mailed to you. Agents can scan and send you those documents anywhere across the world.
You can also concentrate more on the exciting parts of building your business, instead of working on the boring stuff such as reading those long written legal documents or working on your accounts. These labor-intensive tasks can be delegated to your registered agent whose job is to do them effectively.
5- Helps With Legal Issues
Apart from helping you file your papers and giving you legal advice, a registered agent can also help you in compliance with the law. They can help remind you about any fees that you have to pay to avoid any devastating situation or penalties on the business in case you forget or are not aware of it.
All your legal documents can be traced through their office and they even keep copies in most situations in case you need them.
So you can now decide for yourself, is it really worth missing out on all these advantages to save those $50 or $100 per year? If you want to find out more about registered agent service in Delaware please click here.