Can I be my own registered agent in DC?
Business Partnership
Contents
- Business Partnership
- Who can be a registered agent?
- How to become a registered agent?
- What does a registered agent do?
- Where do I register my company
- What is a Registered Agent in Florida?
- What is a resident agent in Puerto Rico?
- How to change the resident agent?
- Business Name Registration
- Legal structure of a business
Among the requirements of the Secretary of State to do business in Tennessee is to appoint a registered agent. If you are not familiar with this concept, at Hispanos Emprendedores we are going to define what a registered agent is and why your company needs to have one.
The state of Tennessee requires all businesses that are going to operate in its territory to have a registered agent. Even if you are a business that is active in another state, you must have one that has a physical address in Tennessee and is available every day during business hours.
While the business owner can take on this role, this has some drawbacks. For example, you will be obligated to remain at your registered address during business hours. Thus taking away your flexibility to manage your time.
If you are ready to undertake, then you should consider choosing an agent as soon as possible. It should be a person who is always available to receive communications and, in addition, should have all the contact details of the company.
Who can be a registered agent?
The registered agent may be an individual or may be a company approved by the state to serve as a registered agent. It must be located at a mailing address (not a post office box) in the state where the company is incorporated or qualified to transact business.
How to become a registered agent?
There are few restrictions regarding who can be a registered agent, basically that the person or entity must be at a location and available at a physical address within the state during regular business hours. It is important that you choose a reputable company when selecting your registered agent.
What does a registered agent do?
The registered agent is a figure that serves as a liaison between the company and the state. Its function is to receive and handle official business documents. These include renewal reminders, annual reports and legal notices among others.
Where do I register my company
Next, we perform a 5-point name check to see if the selected business name is available in your state of incorporation. When the state grants final approval of the name, we will let you know.
We then prepare your incorporation documents and send them to the state. State approval and processing times vary. With expedited service, processing can be completed within 10 business days. Once we receive your state-approved incorporation documents, you will be notified through our online Status Center.
Once the business filing is complete, we send your company incorporation documents. In addition to your incorporation documents, we include templates specific to the type of business you chose, helping you comply with ongoing business formalities.
We offer support after the incorporation of your company. We help you issue ownership shares and certificates, apply for the necessary licenses and permits, and meet ongoing compliance requirements.
What is a Registered Agent in Florida?
Registered Agent is required by the state. This Agent must be a permanent resident of the State where the company is to be registered. The function of the Registered Agent is to serve as the person who is designated to receive all legal or official communications for your company.
What is a resident agent in Puerto Rico?
The corporation’s resident agent’s primary function is to be the person authorized to receive summonses on behalf of the corporation. Each corporation is required to appoint a resident agent in Puerto Rico.
How to change the resident agent?
(a) A resident agent may change the address of the designated office of the corporation or corporations which he serves in such capacity to any other address in the Commonwealth by filing with the Department of State a document duly certified by the resident agent….
Business Name Registration
Among the requirements of the Secretary of State to do business in Tennessee is to appoint a registered agent. If you are not familiar with this concept, at Hispanos Emprendedores we are going to define what a registered agent is and why your company needs to have one.
The state of Tennessee requires all businesses that are going to operate in its territory to have a registered agent. Even if you are a business that is active in another state, you must have one that has a physical address in Tennessee and is available every day during business hours.
While the business owner can take on this role, this has some drawbacks. For example, you will be obligated to remain at your registered address during business hours. Thus taking away your flexibility to manage your time.
If you are ready to undertake, then you should consider choosing an agent as soon as possible. It should be a person who is always available to receive communications and, in addition, should have all the contact details of the company.
Legal structure of a business
An LLC can be taxed as a pass-through entity, as a sole proprietorship or partnership, or as a regular corporation. By default, an LLC is taxed as a pass-through entity, where the owners are only taxed on the LLC’s profits at their individual tax rates. This is different from a regular C Corporation, which pays a corporate tax on its net income before distributing profits to shareholders (the owners) as dividends. When the corporation distributes profits, the shareholders must also pay income tax on these dividends. Most LLC owners choose to have the profits pass through so that taxes are only paid once on the profits.
This is the first and most important step in starting your LLC. Do some research to make sure the name you choose is appropriate for your business and is easily searchable by potential customers.