A registered agent is a person or company that accepts legal documents on behalf of a business. Most states require LLCs to have a registered agent. The registered agent can be the business owner. However, there are benefits to using a professional registered agent service instead. These include compliance with address requirements, availability during business hours to receive legal documents, and privacy.
Choosing a Registered Agent
As the business owner, you can elect yourself as the registered agent by listing your name and address on the LLC formation documents. However, this makes your personal address publicly available. Most states require a physical street address, not a P.O. box.
You can serve as your own registered agent. But non-residents cannot be their own registered agents. Instead, they must enlist someone who resides in the state where the LLC is registered. Using a professional service may better suit your needs.
Specific State Requirements
Minnesota
- A registered agent is required when forming a Minnesota LLC, corporation, LLP, or LP.
- To become a Minnesota registered agent, one must reside in Minnesota or be a corporation/LLC authorized to do business there.
Delaware
- A registered agent is required when forming a business entity in Delaware.
- In Delaware, the registered agent just needs to be named on the articles of organization, along with address and other information.
Benefits of a Professional Registered Agent Service
- Professional registered agents are available during business hours to receive legal documents and provide privacy.
- They help maintain compliance with the law.
Costs and Process in Delaware
A Delaware registered agent service specializes in receiving mail and service of process for LLCs. They usually charge $100 to $300 per year. After receiving mail, they’ll forward it or upload it to an online account.
Changing a Registered Agent in Delaware
To change an LLC’s registered agent in Delaware, file a Certificate of Amendment. Download it from the Division of Corporations. There are different certificates for LLCs, corporations, partnerships, LPs, LLPs, and foreign entities.