You can have appointed Legalzoom as your LLC’s registered agent as a business owner. On the other hand, if you have made a change, you might be unsure of how to get rid of Legalzoom as your registered agent. Here is a detailed walkthrough to assist you with the procedure.
It’s crucial to realize that changing your registered agent is a pretty straightforward process. You will often need to submit a paperwork to the business division of your state. For instance, in Illinois, you must submit Form LLC-5.5 to the Secretary of State’s office.
The name and address of your new registered agent must be entered while completing the form. You can offer your own name and address if you intend to serve as your own registered agent. The registered agent must have a physical address in the state where your LLC is registered, it’s vital to remember this.
In Illinois, are you allowed to act as your own registered agent? You can, indeed. Actually, a large number of LLC owners decide to serve as their own registered agent. By doing this, you can cut costs on fees and guarantee total control over the legal matters affecting your company.
However, becoming a registered agent carries some dangers. You will be in charge of receiving official correspondence on behalf of your company if you are serving as the registered agent yourself. This implies that you must be accessible during regular business hours to accept any legal documents delivered to the registered address of your company.
Legal repercussions may result if you refuse to accept delivery of legal documents. In the event that you are sued and fail to react, for instance, a default judgment can be rendered against your company.
In conclusion, changing your registered agent is a straightforward procedure that can be carried out by submitting a form to the business division of your state. You can save money on costs by acting as your own registered agent, but you will also be in charge of accepting legal paperwork on behalf of your company. Making an educated choice regarding the best course of action for your company can be facilitated by being aware of the advantages and hazards of serving as a registered agent.
It is also crucial to remember that a registered agent is a representative for an LLC or business who is tasked with receiving official letters from the state as well as legal documents. Important papers including tax notices, annual reports, and legal notices are included in this.
An individual chosen by a corporation or LLC to receive legal documents and official letters from the state is known as a statutory representative. This person, who is in charge of making sure the company complies with state requirements, might be the same as the registered agent or might be someone else.
Arizona does indeed permit Series LLC. Arizona was among the first states to pass legislation specifically authorizing the creation of Series LLCs, a type of limited liability corporation that can contain numerous “series” within it, each with its own assets, liabilities, and members. It’s crucial to keep in mind that not all states recognize Series LLCs, so if you intend to conduct business in several states, you should speak with an attorney to see if a Series LLC is the best option for your company.