The two most popular alternatives when choosing a business structure are LLCs and sole proprietorships. Even though both has benefits and drawbacks, most businesses are thought to benefit more from an LLC. LLCs offer limited liability protection, which shields a business owner’s personal assets from any claims or liabilities the company incurs. Additionally, LLCs provide greater alternatives for taxes and management structure flexibility. What does an LLC Idaho Registered Agent do?
Every LLC in Idaho must have a registered agent. A person or business named as the LLC’s registered agent will accept legal documents on its behalf. This includes legal proceedings, subpoenas, and other official communications. The registered agent must be accessible to receive these documents during regular business hours and have a physical location in Idaho.
It is a rather simple process to modify your registered agent in Idaho if you need to. The Idaho Secretary of State must receive a Statement of Change of Registered Agent and/or Registered Office. There is a $20 filing fee for this form, which can be submitted either online or by mail. Your new registered agent will be changed in the state’s records once the paperwork has been processed.
There are a few possibilities if you’re looking for a registered agent in Illinois. You can decide to work with a reputable registered agent business, which normally bills clients on an annual basis. Alternatively, if you have a physical location in Illinois and are accessible during regular business hours to receive legal documents, you can decide to act as your own registered agent. Last but not least, certain attorneys and legal firms include registered agent services in their scope of work.