What Is A New York Registered Agent?
Within the state of New York, your registered agent is the primary source of contact for your LLC and the state. So, you can easily hire a registered agent to receive all of your compliance information, and the required tax information as if applies to your LLC. Additionally, registered agents are responsible for ensuring that they collect service of processes on time.
So, if your New York LLC is being sued, your registered agent in New York will be able to accept all of the legal paperwork on your behalf or rather on behalf of your LLC.
Can I Be My Own New York Registered Agent?
If you’re hoping to be the registered agent for your LLC, you can very well do so. However, you can also do a number of different things such as ask a family member or friend that you trust. Anyone can be the registered agent for your LLC as long as the following applies:
* The person in question is over the age of 18
* They have a physical address within the state that you’re planning to conduct business
* They are available during regular hours of business to receive your service of process if ever your should be sent one
If you’re moving toward the option of hiring one, then you can easily hire a professional agent. These are also known as commercial agents and they ensure that your LLC is in good hands. Registered agents always take full responsibility and they do so for a relatively small cost.
Should I Use A New York Registered Agent Service?
In the state of New York, there are some things that all LLCs should do. One of the main ones is publishing notices of formation. However, this is required and should be done in the same state as your agent, and publishing costs can easily vary from one country to another. It should be noted that this cost is sometimes rather expensive especially if the agent is in a county in NY.
While there are some disadvantages, there are still a ton of advantages that are associated with hiring a registered agent instead of acting as the agent for your LLC. The following are some of the main pros and cons of this arrangement:
* Privacy – A registered agent will keep your information private. This just simply means that your address will be able to stay off of public records. Since most businesses startup from home, your home address will be kept safe.
* Convenience – When you act as your own agent, you’ll need to be available every day during business hours. If you hire an agent, you’ll be able to keep a very flexible schedule.
* Discretion – In the event that your business is ever sued, then your agent is responsible for notifying you in the most discreet form ever. This saves you from being embarrassed in front of your customers and employees.
* Peace Of Mind – Professional agents make it their business to ensure that they notify you of compliances and different requirements needed for your business to stay in good standing. Hence, you’ll be able to focus your time and attention elsewhere.
* National Coverage – In the event that you decide to expand your LLC to another state, the registered agent will be able to serve you there if they’re offering national coverage.
* Publishing Costs – When you hire a registered agent with their physical address, your publishing costs are kept low. This allows the LLC to save a lot on these added costs.
* Cost – When you hire a commercial agent, their services are likely to cost you a small fortune, because of this, some persons prefer to act as their own agents.
How Do I Elect A Registered Agent In New York?
Within the state, the state’s own Secretary acts as the statutory agent. So, if you decide to select your own agent, then you can do so. However, you’ll only be granted this option when you’ve completed your Articles of Organization form.
Electing A Registered Agent Online
It should be noted that you can easily form the LLC online using the website of New York State with a filing fee of $200. So, if you’re planning to select an agent, this form allows you to do so.
How Do I Change My Registered Agent In New York?
If you’re intending to change the service, you can do so by filling out the online form and submitting it to the office in person or via mail. However, there is also a $30 fee attached to changing the agent in New York. Before you select your new agent, you need to first submit the consent form with the agent’s signature. However, this step can be different for each agent or state.
Registered Agent FAQ
Do I need a registered agent in New York?
All states within the U.S. are required to have an agent. This applies to limited liability companies and various corporations. However, registered agents can generally be called by several different names according to the state. They’re often called the statutory agent, the resident agent, or even the service of a process agent.
Can I be my own registered agent in New York?
Simply put, yes, you can be your own agent. However, the following conditions apply:
* You should be over 18 years of age
* You’ll be required to have a physical address
* You’ll need to make your self available during business hours
What does a registered agent do?
As previously stated, registered agents are required to ensure that your business is updated by doing the paperwork. They are also liable for receiving any and all legal paperwork that comes from the government or state to your LLC. These include legal notices, tax forms, and others.
Should I be my own registered agent?
If you’re planning to be your own agent, you can be your own agent as long as you meet the requirements. Some owners of smaller businesses prefer to do this for a number of reasons. However, it should be noted that all of this comes with a bit more responsibility and some inconveniences along the way.
Regardless of that, owners prefer to act as the agent. So, before you make a decision, it’s a good idea to determine which option is best for your business.
What is a registered agent service?
Registered agent services act as their party companies that take the burden off of your shoulders in exchange for a fee. They carry out all the duties required to be your agent.
Who can be a registered agent?
Registered agents can be just about anyone. However, they tend to vary from state to state and usually permit both entities and business owners to be their own agents. Registered agents can only be over the age of 18, and they must have their own addresses.
Both entities and individuals should meet these requirements as well as being available during regularly scheduled business hours. While you can successfully be your own agent, you should still keep in mind that an experienced professional in this field is still an asset to you.
How much does a registered agent cost?
This usually varies from person to person and can be free or even a couple of hundred dollars. Hiring an agent can be a blessing in disguise since it saves you both time and money in the long-run.
Is a registered agent the same as the owner?
Registered agents are not the same as the business owner. Agents are known for ensuring that all the paperwork is in order and they accept legal paperwork from companies and individuals. It should be noted that business owners can easily act as the registered agent if they so desire.
Why do I need a registered agent?
If you didn’t already know, most states make it a requirement that you have a registered agent for your LLC. In the instance where it isn’t required, it is always advised that you still get one. This can be useful if you’re intending to maintain your privacy, gain peace of mind, or even accept service of process.
Are registered agents liable?
Simply put, a registered agent is liable if damages are sustained. This applies to the cases where they don’t completely fulfill their legal duties such as informing you if the company was being sued.
Can I change my registered agent?
If you desire to change your agent, you can do as long as you file the necessary paperwork that is required. It should be noted that each state has its own process for this procedure.
Should I use a registered agent service?
This boils down to your needs and the needs of your business. Registered agents can provide convenience for you while they reduce the paperwork of the LLC. However, you should still keep track of what is going on. So, before you can make this decision, be sure that you weigh the options.
What is a statutory agent?
A statutory agent is another name that is given to registered agents.
What is a resident agent?
A resident agent is also just another name that is given for a registered agent. The same goes for the service of process agent as well as the commercial registered agent.
What is the difference between a commercial registered agent and a noncommercial registered agent?
When you’re forming an LLC, you’re required to give the registered agent’s name and the address that is associated. For some states, you’ll be asked to select between either of them. However, some states refer to noncommercial agents as individual agents and commercial agents as registered agents.
Is the registered agent the owner?
The registered agent isn’t the owner. However, a business owner can be their own registered agent.