Yes, it is possible to act as your own statutory agent in Arizona, but there are a few conditions. You must have a physical address in Arizona or be a resident of the state in order to receive legal documents and notices, and you must be accessible during regular business hours. Additionally, it must be a street address and not a PO box if you are utilizing a physical address as your statutory agent address. How much does an Arizona statutory agent cost?
Depending on the service provider you pick, hiring a statutory agent in Arizona can cost different amounts. Some businesses charge as little as $39 for this service each year, while others may charge as much as $200. The level of service offered may also affect how much a statutory agent costs. For instance, some businesses charge extra for extra services like document storage and mail forwarding.
If you satisfy the state’s qualifications, you may serve as your own statutory agent in Arizona. It’s crucial to remember that acting as your own statutory agent may have some disadvantages. For instance, you can miss crucial deadlines or legal processes if you are unavailable to receive legal documents and notices during usual office hours. Furthermore, acting as your own statutory agent can cause your home address to appear on public records, which could jeopardize your privacy. How do I modify my Arizona statutory agent?
You must submit a Statement of Change of Known Place of Business or Statutory Agent/Statutory Agent’s Address to the Arizona Corporation Commission in order to modify your statutory agent in this state. This form can be submitted by mail or online through the website of the Arizona Corporation Commission. Your new statutory agent’s name, address, and the change’s start date must all be listed on the form. Your new statutory agent will be in charge of receiving legal correspondence and notices on behalf of your business entity once your form has been finalized.
In conclusion, all business companies registered in Arizona are legally required to have a statutory agent. Although you are able to act as your own statutory agent, it’s necessary to think about any potential downsides and compare them to the expenses of using a qualified service provider. Make sure you comply with state regulations and are accessible during regular business hours if you decide to act as your own statutory agent and satisfy them. You can update your statutory agent by submitting a paperwork to the Arizona Corporation Commission if you need to.
According to Arizona law, LLCs must post a notice of its creation in a newspaper published in the county where their known place of business is located for three weeks in a row. However, only LLCs created after August 31, 2019, are subject to this requirement. You are exempt from publishing a notice if your LLC was established prior to that date.