Costs and Requirements
A registered agent is designated to receive legal documents for a business. This appointee plays a crucial role in avoiding legal issues and must meet certain requirements:
- Be 18 years or older.
- Have a New York address.
- Be available during business hours.
The agent must have a physical New York address, not a P.O. Box, and cannot be the entity itself. In New York, your formation documents should include the registered agent’s information—name, address, and contact details. While the Secretary of State is the default agent, you can choose to appoint another individual or use a registered agent service.
Pricing
A registered agent service typically costs between $50 and $300 per year. Investing in such a service can be beneficial to ensure all legal notices are handled promptly, helping to avoid penalties and detrimental legal issues.
Selection Criteria
When selecting a registered agent, it’s important to consider the following:
- Established company reputation.
- Positive customer reviews.
- Experience with LLC formation and operations.
Northwest Registered Agent is an example of such a service provider, offering registered agent services as well as LLC formation assistance.
LLC Specifics
For an LLC in New York, having a registered agent is essential. The agent is responsible for receiving legal documents on behalf of the LLC, and thereby helps to maintain compliance with legal obligations. When setting up your LLC, remember to appoint a reliable registered agent to take care of these important tasks.