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Everything to know about registered agents

Everything to know about registered agents

A registered agent is a person or organization that serves a corporation, a limited liability company, a limited liability partner, or a limited partnership by receiving official papers on the business’s behalf. Appointing a registered agent is one of the compliance requirements of running a business. As this is an essential part of setting up a business, it requires careful consideration. So, here are some of the functions, processes, and services of a registered assistant.

Functions of a registered agent
This person or organization is appointed by the business and follows instructions and authorization of the body to receive legal documents presented to the business. This also involves receiving all official communication from the government regarding the business. Communicating with the registered agents is as good as communicating with the companies directly as they have the authority to represent the business. One of the main and most essential functions of an RA includes receiving and then forwarding the “service of process” to the right person in the corporation. Usually, the appropriate person to whom this document is forwarded is the lawyer of the company; however, in some cases, a company official will receive the document to send to the lawyer.

Service of process
This is a procedure in which one party gives legal notice to another party and provides an appropriate time to respond. All organizations should have a lawyer based on the understanding that every company could possibly be involved in a lawsuit. So, it is important to put procedures and the right people in place to handle such situations.

Need for a registered agent
According to law, the states make it mandatory for companies to appoint registered agents. This is done to ensure that when a legal document is served to the company, it is given to a responsible authority to ensure it reaches the right person. It is important to follow such procedures to file a timely legal response, which can only be ensured when the documents are presented in a given amount of time. The government’s statutes and rules try to ensure that companies hire registered agents to have a dedicated person who can receive the “service of process”.

Appointment process
The appointment of the registered agent is accomplished by adding their name and address in any of the following documents:

  • Articles of organization
  • Statement of LLP registration
  • Articles of incorporation
  • Certificate of limited partnership

In some companies, the signed consent of the registered agent is also required to avoid any loopholes, and if you are changing your RA, you need to inform the State.

Corporation without RAs
In such cases, states are forced to penalize the organization for non-compliance. The companies may also lose their license to do business in the region. It is important to comply with the law by hiring a responsible RA to avoid getting caught in a complicated legal matter, as it will make business difficult to sustain.

Hiring a top-registered agent to handle legal proceedings for a business in Mexico is always a good idea. Several business owners prefer Northwest Registered Agent, Zenbusiness, and Incfile. You can also consider other legal agencies like LegalZoom and Rocket Lawyer.

Mexico is the second-largest economy in Latin America and a hotspot for entrepreneurs looking to set up their LLCs. The best part is that only two shareholders are required to set up an LLC in Mexico. If you are looking to set up your LLC in Mexico, a reputed registered agent can guide you with the end-to-end process. So, consult a registered agent, and welcome new entrepreneurial beginnings in Mexico.

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