A registered agent is the person responsible for receiving service of process for the corporation. All corporations must have a registered agent available during regular business hours in their state of incorporation to receive court summons and other legal notices.
You can choose to either act as your own registered agent or hire a third-party service to act on the corporation’s behalf. Each option has its pros and cons; for example, being your own registered agent is less expensive, whereas a typical third-party service costs between $150.00 and $300.00 per year. One of the drawbacks of acting as your own registered agent is that you could be served with lawsuits in front of employees and customers, which may be damaging to your reputation.
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