You may be in a hurry to put together your business plan. But don’t confuse the frenetic blur of activity with thoughtful preparation.
We’ll give you the best reasons for incorporating your new business based on tax benefits and give you the information you need to incorporate.
EIN stands for Employer Identification Number. The IRS requires that you have such a number when you incorporate or form an LLC.
What is a Registered Agent? And Why Do I Need One?
Every corporation, LLC, or Limited Partnership must have a registered agent (also known as a “resident agent,” “statutory agent” or “agent of process”) in their state of formation, and in any state the company qualifies to do business in. The registered agent ensures you receive all important legal documents such as service of process (meaning a notice of a lawsuit) and official governmental notices. This is a critical service as it can determine if you win or lose a lawsuit.
How Do Registered Agents Protect Me and My LLC or Corporation?
You want to get notice if you’ve been sued. If you use a discount or poor quality resident agent service, they may not notify you that there’s a lawsuit against you in a timely fashion – or at all. If you use your own personal address as the registered agent address and you’re not home, you may not get notice of a lawsuit. Also, if you don’t set up a registered agent, you could be in violation of the law in many states.
After you are served with a lawsuit notice, you have 30 days to file a typed response with the Court, counting holidays and weekends. In some cases, it may be as few as 20 days. You may wish to hire an attorney to file a typed response with the Court and perhaps begin preparing your defense. If you don’t file a response within this time frame, the person suing you can file a form called “Request for Default,” the Court can enter a judgment against you and the plaintiff will automatically win the case. This can mean getting money from you by garnishing your paycheck or putting a lien on your house or car. A judgment against you can also show up on your credit report. This can make it hard to get a credit card or a loan.
Not receiving notice can cost you a significant amount of money. Don’t leave yourself vulnerable to this when it could so easily be prevented.
50% of Business Owners & Investors Lose This Lawsuit
Having a registered agent is one step that is required to maintain a strong “corporate veil” of protection that protects you from being held personally responsible for lawsuits and claims against your organization.
Shockingly, 50% of business and real estate ventures are losing to one of the most common legal attacks because they fail to protect against court decisions that pierce the veil. This means business and real estate venture owners are being held personally liable for lawsuits against their corporation, LP or LLC, and are vulnerable to losing their possessions.
One of the necessary components to maintaining a strong corporate veil is to ensure that you have a professional, reliable registered agent to receive legal notices on your behalf and notify you immediately.
Corporate Direct Registered Agent Service is Available in All 50 States
Corporate Direct’s regular annual fee for registered agent service is just $125. You can rely on the professionals at Corporate Direct to notify you promptly of any and all incoming lawsuit notices. We even have an attorney on staff for you to consult with for a reasonble fee if you wish to get some advice on your immediate next steps after being served.
If you form a new entity with Corporate Direct, your first year of registered agent service is free for that entity. If you have entities that are already formed, switch them over to Corporate Direct and we’ll pay the state fee to change registered agents – up to $60 per entity! (This is enough to cover the fees for most states but if the state requires a larger fee, you will be responsible for anything over $60).
We also have discounted pricing when you purchase multiple years up front. Buy 3 years of registered agent service and receive a free year – that’s 4 years for the price of 3! You’ll pay $375 for a value of $500! Who doesn’t appreciate a savings of $125?
and the Change of Registered Agent Filing Fee can be up to $60, depending on the state. But, we’ll cover those fees for you – up to $60 per entity.
That doesn’t even include the cost savings of switching to Corporate Direct. Some other companies sell Registered Agent Services at $289 year. At that price, you’ll be saving money every year.
Form your entity with Corporate Direct, or switch your existing entities to Corporate Direct and enjoy all of these amazing benefits!
- A Corporate Direct Incorporating Specialist will be assigned to your account and will be available to assist you with your entity formation/maintenance needs.
- Corporate Direct has a Better Business Bureau A+ rating.
- Receive prompt, professional notification service for legal documents by email, fax or regular mail.
- Get the best customer service in the industry.
- Switch to us, and receive $100 off incorporating your next entity.
- Get a free year of Registered Agent Service if you incorporate a new business with us.
- We’ve helped over 13,000 clients over more than 30 years.
Get Started Today!
Many states allow for oral understandings to serve as an Operating Agreement. Can you see the danger in this?
One of the biggest questions we’re asked when clients are forming an LLC is: Should we be manager managed or member managed? The LLC allows for great flexibility.