A New Jersey Registered Agent fulfills a specific legal role in your business. This is also the reason why statutory requirements require you to hire a Registered Agent in every state you will operate a business in.
And while there are states that do not forbid you to be your own Registered Agent, this is highly discouraged because of the sensitivity of the position which might also affect your performance as a manager or owner of the business.
This guide provides you with the specifics of hiring a New Jersey Registered Agent including state-mandated requirements and restrictions, reasons why you need an agent, and how to go about this task successfully.
A Registered Agent is a third-party entity that acts as a representative for your company to mainly receive service of process notification in case of any legal action against your business.
Aside from this, any compliance notice, official correspondence and documents from the Secretary of State Office and other government agencies intended for your business should also be forwarded to your Registered Agent instead of your business establishment.
Your New Jersey Registered Agent is the main point of contact between your business and the state. In turn, it is the responsibility of this agent to accept these papers on your behalf. From there, the Registered Agent then sorts through these documents and forwards them to your business in a timely fashion to ensure that you can address what is needed within the deadlines set.
All throughout the duration of your business operations, you must always retain the services of a Registered Agent. Failing to do so will incur serious consequences and a falling out with state policies. In cases where your business will be filed with a lawsuit, you may be unable to defend it.
Other consequences that range from fines to penalties to the administrative dissolution of your business and the forfeiture of your authority to conduct business in the state are just some of what might happen if you fail to comply with this state requirement.
1) A New Jersey Registered Agent may be an individual resident of New Jersey; or alternatively, a domestic or foreign business entity duly registered with the Secretary of State to conduct business in New Jersey.
2) A physical street address in New Jersey should also be provided by the Registered Agent. Take note that a P.O. Box does not qualify as a physical address.
3) The Registered Agent must agree to receive service of process and other legal notifications prior to the actual designation.
4) Lastly, the Registered Agent in New Jersey should be present at all times during business hours from Monday to Friday.
Any legal notification forwarded by the state or any government agency for that matter is time sensitive. When you’re busy running a business, you might not be available at all times during business hours to receive these notifications which could in turn cause a delay in its compliance.
On the other hand, a Registered Agent is always on standby to receive these notifications and makes sure that these critical and time-sensitive documents are forwarded to you in a timely manner.
Your business has an image to protect in the presence of your clients. When you act as your own Registered Agent, you provide your own business address where all legal correspondence is sent. When you are being served with service of process notice or legal documents in front of your customers and clients, this will be a blow to your reputation and will not be looked on favorably by your customers. All your hard work to maintain a professional image will be gone.
Because you have a Registered Agent with a physical address, you can easily change your business location without having to file more paperwork on your change of address every time you move. This is because the address of your Registered Agent is fixed.
There are many more benefits to hiring a Registered Agent. Given that you can hire a qualified and reliable New Jersey Registered Agent, it can be the perfect partner for your business’ success!