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Benefits of a third party agent |
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The advantages of getting a third party
agent. |
When a business is served a complaint (due to being sued by a
particular party), the registered agent is the one through
which due process is entrusted. This means that the agent on
record with the State, more specifically the Secretary of
State, is the one served with court documents. A third party
registered agent can take on this fiduciary responsibility.
A third party agent allows a business to change locations at
any time for any reason. Granted a business entity can
accomplish this without a registered agent, however each move
requires re-filing with the State. Each time there is a change
in the address of the registered agent or an updated agent to
file on record, there is a cost involved.
Having a third party registered agent sidesteps these
additional costs alleviating the stress of remembering to
record the changes with the State so as to circumvent
delinquency. Not to mention the cost savings.
Moreover, a third party registered agent is equipped with
Compliance Management system knowledge. A proper third party
agent will track filing, notification and publishing
requirements for your company. This in turn can save loads of
unnecessary expenditures that can arise from late penalties and
other related legal fees.
If you don't currently have a third party agent, it is
definitely worth looking into. A national registered agent may
just be what your business needs (especially if there's a bulls
eye on your company that lawsuit happy lawyers always seem to
aim for).
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