What Is A Registered Agent In An Organization
Each nonprofit must take a registered agent…but what is a "registered agent" and what does that person do?
In U.s. business law, a registered agent is a business organisation or individual who is notified when an organization is a party in a legal activeness. In brusque, if your organization is sued, the registered agent will receive the lawsuit.
Depending on your state, a registered agent may too be chosen:
- statutory agent
- agent for service of process
- clerk.
When do we select a registered amanuensis?
The registered amanuensis is get-go listed in the nonprofit'southward original Articles of Incorporation filed with the Secretary of State.
What is the registered role?
An organization'southward registered part must exist a physical address where the registered amanuensis can be served with process during concern hours. It cannot be a post office box that is part of a commercial postal service or message service.
If a nonprofit fails to maintain a current registered role or amanuensis, so anyone suing the system may serve the Secretarial assistant of State instead. In that instance, a judgment may be taken against the organization without its cognition.
Who can be our nonprofit's registered agent?
The agent tin can either be
- an adult private living in the country of formation with a valid street address (no P.O. boxes), or
- a company (such as a law firm) authorized to serve as an agent.
How do we change our registered amanuensis and part?
If an system changes registered agent or if the agent's address changes, it's important to notify the authorities agencies.
In Texas, the organization needs to notify the Secretary of State of the registered agent alter by completing Grade 401 and paying the appropriate fees.
Why exercise some organisation'due south pay for registered agent services?
Some individuals and organizations like to keep their home or businesses addresses private. Hiring a company to serve equally a registered agent allows some privacy, since the registered agent'due south address volition be on all public documents (including the Secretary of Land database).
What Is A Registered Agent In An Organization,
Source: https://cullinanelaw.com/what-is-a-registered-agent/
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