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4 Replies Last post: Feb 27, 2008 4:07 PM by ndp125

Is registered Agent required for S-corp in local state ?

Feb 27, 2008 11:31 AM

Click to view ndp125's profile Mogul ndp125 25 posts since
Feb 5, 2008
Hello all,
I am planning to start S-corp along with my wife as a partner. This is consulting business so we are doing it from our appartment. We have a P.O Box address and for legal address we are providing legal address to a company who is incorporating business "bizflings" http://www.bizfilings.com/.

Now there is an option for me to choose the bizfilings company as a registered agent. Do I need that option ?
To my understanding it is more helpful when you are incorporating in a state different than your hometown. When you require mail to be forwarded etc.

Is there any other benefits for my scenario (Health Care consulting business for two members) ?

ndp125
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,926 posts since
Aug 6, 2007
1. Re: Is registered Agent required for S-corp in local state ? Feb 27, 2008 11:59 AM
125, I do not have a direct answer to your question, BUT have other questions for you.
How soon are you planning to start S-corp??
Do you have an Accountant??, Lawyer?? Insurance Broker??
Anybody in business should have professional help.
Do you know about SCORE?? SCORE is FREE.
LUCKIEST
Click to view ndp125's profile Mogul ndp125 25 posts since
Feb 5, 2008
2. Re: Is registered Agent required for S-corp in local state ? Feb 27, 2008 12:14 PM
in response to: LUCKIEST
Hello Luckiest,
thank for sending me link for SCORE I was searching for such resources.

How soon are you planning to start S-corp??
<<<In this week .>>>

Do you have an Accountant??, Lawyer?? Insurance Broker??
<<< I do have an accountant >>>

Anybody in business should have professional help.
Do you know about SCORE?? SCORE is FREE.
<<< I will follow up with that >>>

Thanks

Click to view Lighthouse24's profile Mogul Lighthouse24 2,396 posts since
Oct 10, 2007
3. Re: Is registered Agent required for S-corp in local state ? Feb 27, 2008 2:11 PM

A registered agent is almost always required if you're incorporating in a state other than the state you reside in. If you are incorporating in your home state, however, you can be the registered agent (in most states). Some business owners choose not to do that and pay the annual fee for a registered agent service anyway. A couple of reasons include: 1) you have to provide a physical address for service of process, and that address becomes public record -- a registered agent can provide his/her address, and then ignore all useless communication and unsolicited visits that come from people who see that a new corporation was registered and got the address that way; 2) if you move to a different apartment, you'll have to file with the state to change your corporate address, and that involves time and a fee -- if you move often, it adds up.

A lot of registered agent service package a virtual office with phone system, a mailbox with forwarding, and resident agent services for one annual fee. Check around to see if the price you're being offered is competitive or just an upsell.


Congratulations on your new business, and best of luck!

Click to view ndp125's profile Mogul ndp125 25 posts since
Feb 5, 2008
4. Re: Is registered Agent required for S-corp in local state ? Feb 27, 2008 4:07 PM
in response to: Lighthouse24
Thanks a lot lighthouse.
All Clear.

Using Registered Agent is the best way for me.

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