A registered agent is a facilitator of business registration services. These agents represent jurisdictions from all around the World, and both maintain and provide business documentation services required by the laws of the location of business registration. These requirements vary from country to country and can impact business-operating costs, legal legitimacy as a business entity, and reporting of business information such as executive officers, and shareholder information to the Governmental authority represented by the registered agent.
Finding a registered agency is a simple enough process and can happen naturally during the process of researching a business opportunity or discovering a licensing requirement through the mail. In other words, a business and/or people responsible for it will find out about registration activity and requirements as a normal part of being in business. To directly find a registered agent one can either contact the division of Government responsible for business regulation or taxation, perform an Internet web browser search or ask for referrals from local business owners, or chambers of commerce.
Registered agents may or may not be required by law depending on where a business is legally registered. For this reason, it is a good idea to be aware of the legal requirements prescribed by business regulations as it could end up saving registered agent fees that vary considerably from agent to agent and country to country. In some instances a registered agent is not legally required and a business can register itself. For example, the nature of the business practice itself may qualify it for self-registration.
Additionally, in locations where a registered agent is not mandatory, knowledge of the registration process and/or regulations and the appropriate fees may be all that is needed. For small businesses not required to maintain a registered agent, self-registration may be more expedient and financially practical than utilizing a registered agent.
In other words, if it can be done better independently, then self-registering may be a more efficient and viable option. Payment methods can vary for registered agent costs and registration fees. Some may operate on a cash-basis where as others may utilize an accrual i.e. bill now pay later method. Essentially, the registration payment options are dependent on the terms of agreement and accepted forms of payment between the agent and/or regulatory authority and the business.
The quality of a registered agent's services, fees, correspondence, record keeping and so forth can also be important. Generally this can vary based on a number of factors such as training and efficiency of the registered agencies staff, capacity vs. volume of registrants handled by the agent, organizational and industry experience as a registered agent, and timeliness of expiry and registration requirement notices. A registered agent's experience in providing its services will vary depending on these and other factors.
A relationship with a registered agent may last as long as the life of the business or may be severed by re-registering with another registered agent or by re-location of a business to a new area of operation. If a business does utilize a registered agent, finding the right one may be important for the simple matter of business process. Self-registration directly with a registry, secretary of State, or department of business may be a good option if the filing requirements are few, and if the administrative department responsible for handling registrations is worth the time it terms of the opportunity cost of self-registration.
This can involve becoming familiar with the paperwork requirements for one's business. Examples of such documents include articles of incorporation, certificates of good standing, share certificates, business-licensing documentation. In short, a registered agent provides legal secretarial services for a specific function, namely reporting, filing and documentation requirement maintained by the regulatory authority for the location of business operation. Registered agents services and cost may vary or not be required at all, and can depend on business statutes and complexity of filing.
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