You will be required to select a registered agent if you form a corporation or limited liability company in Florida. But what does that selection process entail? How do you keep from picking the wrong person? Well, don’t worry – we’re here to help.
Just What Does a Registered Agent Do?
In Florida, a registered agent is an individual or business in charge of receiving a business’s official mail and legal documents. That means that, in the unfortunate case that your business is hit with a lawsuit, it will be either mailed or hand delivered to who or whatever is listed as your registered agent. A registered agent is required in each state that an LLC or corporation wishes to do business in and plays an important part in how litigation is handled.
Who is Eligible to be a Registered Agent?
The requirements on who can be declared to be a registered agent in Florida are far from strict, but they do exist. They must have a physical street address located in Florida, and this address cannot be a P.O. box. They should also be available during business hours to receive any notices, services, or other documents. A registered agent can be either an individual or a company. Corporations and/or LLCs are not allowed to act as their own registered agents, however, employees or owners are still fair game.
Can I Do It Myself?
While acting as the registered agent for your own business is more than kosher, that doesn’t make it a good idea. Doing so puts your name and address on the public record, which can be a problem for those who value their privacy. It also makes you more liable to miss or lose important documents, which can lead to losing cases by default, fines, and other penalties.
What Should I Look for in a Registered Agent?
So, if working as your own registered agent isn’t going to work out, then how do you decide on who can handle the responsibility? The most important factors are reliability and timeliness. Documents must be delivered as soon as possible so that the appropriate actions can be taken before it’s too late.
Looking to start a business or grow your current business? Contact FL Patel Law today by visiting our website, www.FLPatelLaw.com, or calling 727-279-5037.
Tyler Thompson is a second generation St. Petersburgian with a passion for reading and writing. In 2018 he finally made his way to FL Patel Law PLLC where he has found a home for himself as Project Manager. He is an unapologetic dog person who enjoys spending what free time he has with his friends and family.
About us and this blog
This our small business law blog. We provide information about Florida business law, LLC's, C-Corporations, S-Corporations, contracts, and provide resources for small businesses.
If you have a question about starting your business, want to discuss a contract, or would like counsel on a specific matter please do not hesitate to contact us. We provide a free 30 minute consultation for all new clients.