Financing Your Small Business

Registered Agents

All companies are required to have a registered agent. A registered agent is authorized to accept service of process for the business, and is the desig­nated point of contact with the state for service of process and correspon­dence from the state. The registered agent could be an individual or a com­pany, but they must reside in the state where the business is registered and have a valid street address (not a post office box). In new companies, the registered agent is usually a principal of the company, but there are also companies that will serve as your registered agent for a fee.

QUICK Tip

Use a Corporate Service Company: Eventually, you should use a corporate service company as your registered agent to avoid any slip-up in receiving written communications.

The company must notify the state if they change registered agents or if their registered agent changes addresses. After all, the state needs to know how to contact your company. The state sends correspondence to the regis­tered agent, such as the annual report, that must be completed and returned. The requirement to file is not waived because the mail was mis­laid, forwarded to the wrong address, or not mailed by the state. Therefore, it is in the best interest of the company that the registered agent's informa­tion is correct and up to date, and that the company stays informed as to when filings are due. Not filing required paperwork with the state is the most common reason young companies find themselves in hot water.

Financing Your Small Business

Limited Liability Company Formation Documents

If, after consultation with your professional team, you decide to form a lim­ited liability company, you will need to file Articles of Organization with the state and draft an internal …

Corporation Formation Documents

After consulting with your professionals, you will most likely need to form an entity to raise capital. Most entrepreneurs will form either a corporation or a limited liability company. This …

Business Plan

As part of your business strategy, planning, and feasibility analysis, you will commit your plan to paper. The document produced is typically called a business plan. The purpose of a …

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