Registered agents play a critical role between your business and the Secretary of State. As the official point of contact, their number one priority is ensuring entities remain compliant and in good standing. An entity losing its good-standing status with the Secretary of State can be caused by several factors, such as failing to have a registered agent in the state of operation. The consequence of this happening can have devastating impacts on your business, such as fines and penalties, loss of name rights, and administrative dissolution or revocation.
The challenge for many organizations is the need to have a registered agent in the entity’s formation state and each operating state. While some organizations elect to have internal personnel be their registered agent, this can be difficult if your entities operate in states beyond your physical business locations.
