A Utah Registered Agent is a statutory requirement. It is one of the state’s stipulation to retain the services of a Registered Agent upon business registration.
More than being a state requirement however, a Registered Agent plays a very crucial part in the smooth operations of your business’ entire life cycle.
It is the responsibility of the Registered Agent to receive service of process in behalf of your business. Aside from these, any legal correspondence, state documents, and other notices from state agencies are also forwarded to the address of your Registered Agent.
It is then up to the Registered Agent to sift through all these documents, organize it, and forward to you all the notifications that need attention. This way, you can comply with the necessities given sufficient time.
As this is a crucial role, the criteria for hiring a Registered Agent should not be taken lightly for this position holds importance in an organization. This guide should point you in the right direction towards hiring the right agent.
Foremost of your consideration in a Utah Registered Agent is that it must meet statutory requirements. There are several stipulated by the state, and these include:
1) A Registered Agent can be an individual who is a resident of Utah; alternatively, it can be another business entity whether domestic or foreign provided that this entity is registered with the Utah Division of Corporations;
2) A physical street address in Utah must be provided by the Utah Registered Agent as this is needed for when the legal notifications will be forwarded;
3) The Utah Registered Agent should also agree to accept service of process in behalf of your business upon designation;
4) Lastly, the Utah Registered Agent should be present at the designated address provided at all times during office hours that is, 9 AM to 5 PM, ready to accept service of process.
While some opt to be their own Registered Agent, this can prove quite disadvantageous. Instead, here are some very important reasons why you need to have a Utah Registered Agent.
Legal notices and service of process are by default delivered to the address you provide in your incorporation document. If you are your own Registered Agent, imagine the horror it would cause when you’re served service of process in your business address with customers and clients always in and out. You not only lose privacy, but you also risk your reputation and image as a company.
A Registered Agent’s sole responsibility is to take care of all legal notifications and inform you which one needs immediate attention. If you are your own Registered Agent, your attention is divided and there is a tendency to misplace documents. When this happens, you will be in danger of being penalized for not complying requirements on time. With a Registered Agent, this won’t happen as everything is forwarded to you in a timely manner.
There is no knowing when a legal notification will be delivered at your doorstep. However, if you keep flexible business hours, it may be delivered at a time when your business is closed. To avoid situations such as these, a Registered Agent is the most practical solution. A Registered Agent is present at all times during office hours, ready to receive legal notifications at any given time.
If you operate a web-based business, you still need to register with the state, and you will be required to get a Registered Agent. As a business with no physical address, the Registered Agent will come in very handy because the agent’s address can then be used where all legal notifications are forwarded.
Running a business and being your own Registered Agent can be tedious work. Imagine having to keep track of business operations and then having also to organize all legal notifications for the necessary compliance requirement? This can take a toll on your efficiency and organization skills in the long run. With a Registered Agent, for a reasonable professional fee, you are assured that all aspects of your legal notices are taken care of.
Careful understanding of requirements and a thorough research of what you want in a Utah Registered Agent allow you to choose the best professional for the job. Beyond the statutory requirements, there are also other factors that you must look into.
One of these factors is the agent services’ credibility and track record. This is to ensure that the agent can be relied upon to carry out the responsibilities involved in the position without you having to constantly worry whether every legal notification is accounted for. Of course, reviews and feedback as to the quality of their service is just as important.
You can look into the services below for possible options in hiring a Utah Registered Agent.
This Utah Registered Agent guide is for informational purposes only, and it should never be taken as a legal document. Please refrain from treating it as such. For more details on hiring a Registered Agent, you can consult a business lawyer.