When forming an Oregon business, state laws require that you also retain the services of an Oregon Registered Agent. There are statutory requirements set forth when hiring an agent and strict compliance should be observed.
Basically, a Registered Agent acts is the business’ representative to receive service of process and other legal notifications from the Secretary of State. More than this primary responsibility though, the Registered Agent plays a crucial role in the success of your business.
To pick the right Registered Agent for your Oregon business, this guide outlines some important considerations and reminders.
An Oregon Registered Agent is your business’ representative when it comes to accepting service of process, legal notifications, tax notices, and other paperwork forwarded by the Secretary of State of Oregon or other government agencies.
As a Registered Agent’s role is crucial in the compliance of state requirements and also in the smooth operations of your business, there are some following guidelines that must be met for the state’s approval. These guidelines should be strictly observed to legally register your business entity. The following are the requirements:
Remember that Registered Agent’s information including name and address are public record. When you are your own agent, the address you give, whether it’s your home or business address will be listed as public record. In today’s world where everything is within reach through the Internet, publicly listing your name and address can be quite worrying. To avoid this, you can get a Registered Agent so that it will be their company name and address that will be listed publicly instead of yours.
There are businesses that have flexible business hours. In cases like this, a Registered Agent comes in handy because he will be available at all times during regular business hours that is from 8 AM to 5 PM, ready to accept the legal notifications of your business in your behalf. This way, you can still maintain flexible business hours without worrying whether you can receive legal notices on time.
While some states permit the business to be its Registered Agent as well, opting to hire a third party Registered Agent eliminates the extra paperwork associated with the position. For a minimal yearly fee, you, as the business owner, do not have to worry about legal notices and be constantly worried about due dates. Instead, the Registered Agent will do all these for you and keep all your legal notices in one single place.
You need to hire a Registered Agent for each state you will conduct business operations. If you operate a business in different locations in various states, a Registered Agent would be the best choice to take care of your legal notifications in each of the states you conduct business. This way, each of your business in different locations is still able to comply with legal notifications right on time.
There are small businesses that are basically web based, without any brick-and-mortar store to speak of. However, they are still registered with the state and receive legal notifications from time to time. In this case, it is the Registered Agent’s physical address where these documents will be forwarded. And it is up to the Registered Agent to inform his client of these notices.
More than the statutory requirements that must be observed when looking for an Oregon Registered Agent, it is also equally important to focus on the reliability and credibility of the service provider. A Registered Agent must be reliable since they are at the forefront of your business.
In addition, you must also verify that the Registered Agent has a physical office from where he keeps working hours. This is a requirement since service of process or any other legal notifications are usually delivered during office hours.
For complying with statutory requirements and ensuring that you have a reliable Registered Agent, you can look into the services below.
Please be advised that this guide is only intended for informational purposes, and it should never be treated as a legal document or advice. If you have specific questions on hiring a Registered Agent, seek the expert advice of a business lawyer.