Other people might think that a good and feasible business idea is what they only need. Coming up with a business concept is tricky, but it does not merely stop there. You still need to take some steps, file paperwork, pay specific fees and taxes. The good thing, however, is that launching a business in Nevada can be made easier. You will form new partnerships, a corporation, or perhaps a limited liability company with proper guidance.
Being an entrepreneur is challenging. You need to do a lot of things. You need to make sure that you file the formal legal name of your business, ensure your business name’s availability to obtain tax numbers from the internal revenue service, and file for an annual list. To learn more about how a Nevada registered agent can help you, here are the things that you need to know.
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Neva Registered Agent: What is It?
Usually, states require that you need a registered agent when you are forming an LLC or limited liability company. Registered agents are the persons or business entities in charge of accepting the deliveries of certain legal documents that are important on your behalf. Having a registered agent in Nevada is essential. It is a requirement that you must choose and list a registered agent for your LLC documentation. But, If you have enough knowledge and skills, you can represent yourself as your registered agent.
Requirements to Become Registered Agent in Nevada
Almost every state has the same criteria for registered agents. In Nevada, here are some of the grounds that one must meet to qualify themselves as a registered agent:
- They must reach the minimum age requirement of 18 years old.
- The person must have a Nevada street address since post office boxes are prohibited.
- Persons who want to apply as registered agents must always be available, especially when accepting critical legal documents from Mondays to Fridays during working or business hours.
Why Should You Choose Working With a Registered Agent?
Every penny counts, especially when you are still at the start of your business career. If you are capable enough of representing yourself as a registered agent, it is a good thing, though. However, if not, then you don’t want to be risking your business, do you? With that, here are some of the benefits of hiring someone to perform the job.
You have Local Options to Choose From
Not everybody can easily afford an office, or house in the state, especially if they are still about to launch their new business. For this reason, you cannot fulfill the requirements of being a registered agent yourself. Thus, hiring someone will be of great help. Fortunately, several affordable options are available in terms of getting registered agents in Nevada.
You Have Your Privacy
Legal paperwork is usually hand-delivered by law enforcement. Not all documents are indeed lawsuit-related, but those who witness the delivery usually use their imagination and that way. It is better to rely on the privacy given to you by your registered agent rather than have your customers, employees, or even your neighbors see uniformed officers showing in front of your door and think that you made a criminal case.
Have Better Experience
You might feel confident as you launch your business. Well, you should be! However, when dealing with state and federal regulations, your confidence might begin to decrease gradually. Your registered agents can help you with this since they have better experiences in these matters than first-time entrepreneurs who have started their business or are planning to start.
Taking time to understand and fill out all of the confusing works is difficult. New entrepreneurs can consume much of their time trying to figure out what they must do when filing for their essential documents. By hiring a registered agent, they can already do the job for you, and it will save you time rather than spending too much thinking of what you should do.
Some business owners pay the fee so that they don’t need to worry about tracking official notices and annual reports on their due dates. By hiring a registered agent, you will have an organized system that tracks and notifies you of the annual reports that are already due. Additionally, it keeps your business compliant with the state, so you don’t have to worry about getting involved in legal cases or problems. Also, your important documents are safe in one place so that you do not need to bother yourself keeping track of notices all the time.
No Need for A Physical Address
One of the dilemmas that some small web businesses face is maintaining their business entity even though they do not have any physical store or location. Some business owners choose to hire registered agents, especially when they are not available during business hours. By doing so, they can still maintain irregular working hours.
Having Business Locations even with Different States
You must ensure that your business is correctly registered within every state where you operate your business. In line with this, you must also have a registered agent with a physical location in that specific state. Several business owners opt to hire registered agent services to comply with the regulations within the state. Additionally, getting a registered agent can assure you that all of your business notices are kept safe in one place.
What Happens if You Don’t Hire a Registered Agent?
It might be legal for you to stand as your registered agent. However, you still need to check the rules and regulations on your local laws to verify this. Some states require businesses to have their registered agents stand as the representative, especially during business hours. Designating a third-party individual or business to take on this role for your business is advisable. Primarily, the reason behind this is that you will become aware that no matter where you are, you will always have someone who can take care of and accept your tax and other necessary legal documents on your behalf. Below are things you need to consider if you are hesitant about hiring a registered agent.
- You will have difficulty moving to a different state. If you plan to change your address and do not have a registered agent, you probably might have a hard time. It will only cause you to have an additional cost for your moving process. The amount that you will be paying will still depend on that specific state. If you have a registered agent with you, you do not need to think about this since their business address does not change even though yours changes every year.
- You always need to be available and maintain business hours. Being an entrepreneur will give you a lot of tasks to deal with. Managing your business alone can already be tiring. Adding to this, you need to be always available during regular business hours to accept the necessary documents being delivered at that time. By having a registered agent, they can already do this job for you not to need to be tied up all day to your office.
- Your address can be known publicly. If you want to stand as your registered agent, put in mind that any registered agent’s address will always be part of the public record. It means that anyone can know and access it if they wish to. Along with this, there is a risk of getting unwanted mails, spammers, and unsolicited junk mails for your business. Choosing someone to keep your personal or business address confidential will give you an extra layer of privacy, security and even protect you from dealing with junk mails.
- You need to have a physical address. You cannot stand as your registered agent for business owners who do not live within that state where they operate their business. Additionally, you will need a private mailbox since it will become an unacceptable address for registered agents. Also, it will complicate things and will also affect your business.
Registered agents create the most value for your business. Given that you have time-sensitive documents that need much attention and you are not always available to attend to these matters, you might probably miss a deadline. If you hire a registered agent, they can accept these essential legal documents on your behalf, and they can notify you of the deadline you must meet. By having a reliable person or business entity with you, you can still stay on top even with these time-sensitive documents that you need to deal with.
With a Nevada registered agent, you can adequately deal with legal matters, stay on top, do more, and provide a better service for all your clients.