As the business world increasingly globalizes, more and more companies are incorporating in Delaware. That’s because Delaware’s business-friendly laws and regulations make it an attractive option for businesses of all sizes. If you’re thinking of incorporating in Delaware, you’ll need to appoint a registered agent. In this blog post, we’ll explain what a registered agent is and what their duties are.
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What is a Registered Agent?
A registered agent is an individual or business entity that agrees to accept service of process on behalf of a company. In other words, they agree to accept legal documents on behalf of the company. This is important because, if your company is ever sued, the registered agent will be the one who receives the summons and complaint.
The registered agent must have a physical address in Delaware and be available during normal business hours. They can be an individual, such as a company owner or employee, or a business entity, such as a law firm or registered agent service.
What are the Duties of a Registered Agent?
The main duty of a registered agent is to accept service of process on behalf of the company. This means that, if your company is ever sued, the registered agent will be the one who receives the summons and complaint. The registered agent must then forward the documents to the company.
In addition to accepting service of process, the registered agent must also be available during normal business hours to accept other legal documents, such as tax documents and official state correspondence.
The registered agent also has a duty to maintain accurate records. These records must include the names and addresses of the company’s shareholders, directors, and officers. The registered agent must also keep copies of the company’s articles of incorporation and bylaws on file.
Finally, the registered agent must notify the company of any legal documents that have been served. This allows the company to take appropriate action in a timely manner.
As you can see, there are a number of duties that come along with being a registered agent. However, these duties are relatively easy to fulfill as long as you have a physical address in Delaware and are available during normal business hours. If you’re thinking of incorporating in Delaware, be sure to appoint a registered agent.