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Starting a Business With National Registered Agents, Inc

 

When starting a new company, one of the first important decisions involves selecting which type of business entity you wish to be. Two of the most common structures are corporations and limited liability companies (LLCs). Each offers unique benefits for its owner(s) and requires specific steps in accordance with the regulations of your home state.

 

  1. Corporations. A corporation limits the liability of its owners to the investments made into the company and is independent of its owners, shareholders or management staff. One advantage in forming a corporation is to protect the personal assets of the company founders - stakeholders or shareholders cannot be held personally liable for the corporation’s debts.
  2. Limited Liability Companies. An LLC limits the personal liability of its members and may be owned by a single individual. Managing an LLC allows you to enjoy tax benefits, with fewer governance formalities and regulations than those required for managing a corporation. LLC managers also do not have ownership restrictions and may deduct business losses in their personal tax returns.

When forming a new company, you must choose a unique name and file an "Articles of Organization" or "Articles of Corporation" with the state government, along with any necessary fees. Be sure to review the commercial laws of your state to better understand the specific requirements you must meet. Filing fees and processes also differ slightly from state to state.

 

In addition to the above, every company operating in the United States must designate a "registered agent" to receive "service of process" from the state on behalf of your business. Depending on the state, registered agents may also be referred to as "resident agents" or "statutory agents." You will need a dedicated registered agent for every state in which you do business. Registered agents must maintain a physical address where they can be reached during normal business hours.

 

Choosing an agent you can trust can be a challenging decision for any business owner, as you could be putting at stake the good name of your company. The agent should be someone you can trust to help you navigate the legal requirements of your state to ensure your business does not fall out of good standing with the state.

 

National Registered Agents, Inc. is an experienced provider of registered agent services, with a trusted network of support specialists in all 50 states. To obtain more information about how NRAI can serve your company, visit www.registeredagent.com or speak with a specialist at (800)520-6724.