A person or organization designated to receive legal documents, such as lawsuits and subpoenas, on behalf of a business entity is known as a statutory agent, also known as a registered agent. Every corporation and limited liability business (LLC) in Arizona must have a statutory agent. But how much does it cost in Arizona to employ a statutory agent? Can a person act as their own statutory agent? What if your statutory agent needs to be changed? In Arizona, is it necessary to publish your LLC? These and other inquiries will be addressed in this essay. How much does an Arizona statutory agent cost?
Depending on the business you select, statutory agents can cost different amounts. Typically, the cost of a statutory agent service in Arizona ranges from $50 to $300 each year. Some businesses charge extra fees for extra services like mail forwarding and compliance monitoring.
In Arizona, you are allowed to act as your own statutory agent. There are certain disadvantages to this, though. First, you need a real Arizona location where you can receive court papers during regular business hours. A PO box or mailbox service cannot be used as your address, therefore. Being your own statutory agent might also be dangerous if you are sued. You could miss deadlines and lose the chance to represent yourself in court if you are not available to receive legal documents.
Does Arizona require a registered agent? Yes, all corporations and LLCs in Arizona must have a registered agent. In order to receive legal documents on behalf of the company, the registered agent must have a physical location in Arizona and be accessible during regular business hours. How do I modify my Arizona statutory agent?
You must submit a Statement of Change of Known Place of Business Address or Statutory Agent/Statutory Agent’s Address to the Arizona Corporation Commission if you want to modify your statutory agent’s address there. There is a $5 filing fee. The form can be submitted online or by mail. Does Arizona require that I publish my LLC?
No, Arizona does not require that you publish your LLC. However, you could be obliged to publish a notice of your LLC formation in an Arizona newspaper if you are creating a foreign LLC (an LLC registered in another state but conducting business in Arizona). The name of the LLC, the statutory agent’s name and address, and a declaration that the LLC is legitimate in its home state must all be included in the notice.
In conclusion, all Arizona corporations and LLCs must have a statutory agent, and the cost will depend on the entity you select. Although it is possible, it is not advised because it might be harmful to act as your own statutory agent. If your statutory agent has to be changed, you can submit a paperwork to the Arizona Corporation Commission. A foreign LLC may be forced to post a notice in an Arizona newspaper, even though you are not allowed to publish your LLC there.
A domestic or international corporation permitted to conduct business in Arizona, a limited liability company permitted to conduct business in Arizona, or an individual who is at least 18 years old and resides in Arizona can all serve as a registered agent in Arizona. The registered agent must also have a physical Arizona street address where they can accept service of process and other legal notices on the company’s behalf.
You must submit the Articles of Organization to the Arizona Corporation Commission (ACC) together with the necessary filing fee in order to establish an LLC in Arizona. Additionally, you must designate a statutory agent who will accept court filings for the LLC and keep a registered office in Arizona. To operate an LLC in Arizona, you might also need to obtain any required business licenses and permissions. To make sure that all legal criteria are satisfied throughout the LLC creation procedure, it is advised that you speak with a qualified attorney or business specialist.