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Commingling Funds – Why you should NEVER do it

Commingling Funds – Why you should NEVER do it

When someone sues your business, a plaintiff may try to pierce the corporate veil to hold you personally liable. The corporate veil itself symbolizes that you are keeping your business property separate from your personal property.

Cancel Culture in a Petri Dish

Cancel Culture in a Petri Dish

Cancel Culture in a Petri Dish When Free Speech Mutates into Contract Interference You have your opinions. Must everyone else agree with you? How far will you go? Will you end up in court? If a business does something you don’t like, would you stage a boycott? Would...

The Q-Sub

The Q-Sub

A Qualified Subchapter S Subsidiary (Q-Sub) is an S-Corp that is 100% owned by a parent S-Corp. Both the parent entity and the Q-Sub can be a corporation or an LLC.

Registered Agent Service Could Save Sued Business Owners Big Money

registered agent service

Every corporation, LLC, or limited partnership is required to have a registered agent, sometimes called a resident agent, to collect important legal documents for the business. This includes a service of process in the case of a lawsuit. Many small business owners opt to be their own registered agent, but this can lead to some big problems if they are actually required to receive notice of a lawsuit.

Commonly, people use their home address as the official registered agent address, and if they are not home when delivery of the legal document is attempted, they may not receive notice. Unfortunately, the courts don’t care about a person’s family vacation. Some states even require the registered agent to be open from eight to five, so a business owner who leaves their house during those hours might never get notice and be in violation of the law. Also worth considering is that a business owner only has 30 days to file a typed response with the court. If they fail to respond, a default judgement could be rendered against them, meaning they automatically lose the case.

That’s where registered agent service provides coverage. Corporate attorney Garrett Sutton, founded his company, Corporate Direct, to help business owners protect their livelihoods through incorporation and registered agent services. 

“We want to make sure every business owner has the opportunity to protect himself from frivolous lawsuits,” Sutton says. “People lose these cases just because of overlooked details like a registered agent. When I founded Corporate Direct, I knew that would be one of our top priorities.”

Corporate Direct believes in offering a quality service and often speaks out against discount or poor quality registered agents, that can sometimes be worse than not having one at all.

“You need to make sure your registered agent is going to notify you as soon as possible of any lawsuit,” Sutton says. “This isn’t the area you should be bargain shopping. When it comes to legal processes and lawsuits, you don’t want to mess around.”

Corporate Direct currently operates registered agent services in all 50 states, allowing business owners from anywhere in the U.S. to receive quick notice of important legal documents for any state they do business or incorporate in. 

Commingling Funds – Why you should NEVER do it

Commingling Funds – Why you should NEVER do it

When someone sues your business, a plaintiff may try to pierce the corporate veil to hold you personally liable. The corporate veil itself symbolizes that you are keeping your business property separate from your personal property.

Cancel Culture in a Petri Dish

Cancel Culture in a Petri Dish

Cancel Culture in a Petri Dish When Free Speech Mutates into Contract Interference You have your opinions. Must everyone else agree with you? How far will you go? Will you end up in court? If a business does something you don’t like, would you stage a boycott? Would...