A New York registered agent is an individual or entity responsible for receiving legal and official documents on behalf of a business. They act as the official point of contact between the company and the state, ensuring notices are received and addressed. Their role is crucial to avoid legal complications.
The agent must have a physical New York address, not a P.O. Box, and be available during business hours. Many New York corporations require appointing a registered agent. You appoint one when starting your business and can replace after formation.
Requirements for Registered Agents
- Be 18 years or older
- Have a physical New York address (not a P.O. Box)
- Be available during normal business hours
Who Can Serve as a Registered Agent?
A registered agent in New York can be any resident of the state who is 18 years or older, a registered New York domestic business entity, or a foreign business entity authorized to do business in the state. An entity may not be its own agent.
The registered office in New York is the official, physical location designated by a business entity for receiving legal and official correspondences. By providing their information while registering a firm in New York, registered agents may be designated.
Appointing and Replacing Registered Agents
You must list registered agent information, such as name, address, and contact information, in the formation documents. Although the New York Secretary of State will automatically act as your statutory agent for service of process by default, you can choose to use a premium registered agent service or be your own agent instead.
Cost of Registered Agents in NY
A registered agent service typically costs $50-$300 per year. Northwest Registered Agent offers registered agent services plus LLC formation help. It has 20 years experience with great customer support. However, it is important to note that new regulations set to take effect in 2023 will alter requirements for registered agents in New York.