Online legal document services including Registered Agent Services, LLC Formations, and Business Formation Services are all provided by LegalZoom. Although LegalZoom may appear to be a practical and affordable solution for business owners and entrepreneurs, it has a number of serious drawbacks that make it less than the best option.
The caliber of LegalZoom’s legal services is one of its main criticisms. Due to their one-size-fits-all method of preparing legal documents, LegalZoom’s offerings might not be appropriate for your particular company’s needs. Later on, this could result in legal problems, which might cost you money in lawsuits or even cause your company to be dissolved.
LegalZoom’s inability to offer legal assistance because they are not a law practice is another problem. This implies that you must look elsewhere for legal counsel if you have any legal queries or concerns. This can be costly and time-consuming, and it might even undo any initial cost savings you experienced from utilizing LegalZoom.
Being a registered agent entails dangers in addition to these worries. For instance, registered agents are in charge of receiving legal documents on your company’s behalf, such as crucial legal notices and even lawsuits. There is a chance that if you hire a registered agent like LegalZoom, they won’t handle these paperwork appropriately or swiftly, which could lead to missed deadlines or other legal problems.
If you presently have LegalZoom acting as your registered agent and wish to change to another agent, the procedure is reasonably simple. A Statement of Change of Registered Agent and/or Registered Office must be submitted to the state where your company is registered. Once it is filed, your new registered agent will receive all legal paperwork on behalf of your company and will be listed in this document with their name and address.
It is also a rather easy process to update your LLC address in Arizona if you need to. An Articles of Amendment must be submitted to the Arizona Corporation Commission. This document will include the information you need to update about your LLC, including your new LLC address. Your LLC address will be changed with the state once the Articles of Amendment are submitted and accepted.
In conclusion, even if using LegalZoom may seem like a good choice for business owners and entrepreneurs, there are a number of drawbacks. There are a number of risks involved with using LegalZoom, ranging from the caliber of their legal paperwork to the absence of legal counsel. If you are already using LegalZoom as your registered agent and wish to move to another agent, or if you need to alter the address of your LLC in Arizona, the procedure is reasonably simple and can be finished with the assistance of a knowledgeable legal practitioner.
If you don’t publish your LLC in Arizona, the state may administratively dissolve it, which could result in you losing your liability protection and other LLC-related legal privileges. If you don’t follow the publication rules, you could also face penalties and fines. To keep your LLC in compliance with the law and preserve its legal standing, you must adhere to the state’s publication regulations.