The Important Role of a Delaware Registered Agent
A Delaware Registered Agent plays a vital role and holds several responsibilities to ensure your Delaware company remains compliant and in good standing with the Delaware Division of Corporations. Their primary function is to serve as a liaison between a business entity and the Delaware Division of Corporations. They act as a point of contact, ensuring smooth communication and coordination. Let's delve into the key duties of a Registered Agent and explore why engaging a competent and qualified Delaware Registered Agent is essential.
- State Requirement: Delaware companies are required by the Delaware Division of Corporations to have a Registered Agent at all times. The Registered agent must have a physical address in Delaware and be accessible to accept service of process during regular business hours for the entities they serve as the Delaware agent.
- Service of Process: One of the Registered Agent’s responsibilities is to accept "service of process," which means they receive legal notices and lawsuits against the business. This ensures that the business is notified promptly and can take appropriate legal action.
- Compliance Assistance: Registered Agents help businesses stay compliant with the Delaware Division of Corporations by notifying them of important filing deadlines, such as the Delaware franchise tax and annual report.
- Convenience: Using a Registered Agent allows businesses to maintain privacy by keeping their official address off public records. It also provides a physical location for receiving legal documents, especially for businesses that do not have a physical presence in Delaware.
- Business Continuity: Having a reliable Registered Agent ensures that important legal documents are received, even if the business owner or key personnel are unavailable. This helps maintain continuity and prevents missed deadlines or legal consequences.
In summary, a Delaware Registered Agent plays a crucial role in legal compliance, representation, and maintaining privacy for businesses operating in Delaware. Registered Agent services are necessary to ensure that important legal documents are properly received and handled. It is important for businesses to choose a qualified and experienced Registered Agent, like our company, who can guarantee prompt and reliable service.
At Harvard Business Services, Inc., our Delaware Registered Agent fee has remained unchanged since 1981, standing the test of time at a fixed rate of $50 per year. Moreover, we offer multi-year discounts for even greater savings: 2 years of service for $90 or 3 years for only $125. With this steady rate, businesses can focus on their operations with peace of mind, knowing that their Registered Agent representation is in capable hands. Don't hesitate any longer! Contact us today to discover how we can assist you with all your registered agent requirements, whether it's for existing entities established in Delaware or new entities you're looking to establish.
*Disclaimer*: Harvard Business Services, Inc. is neither a law firm nor an accounting firm and, even in cases where the author is an attorney, or a tax professional, nothing in this article constitutes legal or tax advice. This article provides general commentary on, and analysis of, the subject addressed. We strongly advise that you consult an attorney or tax professional to receive legal or tax guidance tailored to your specific circumstances. Any action taken or not taken based on this article is at your own risk. If an article cites or provides a link to third-party sources or websites, Harvard Business Services, Inc. is not responsible for and makes no representations regarding such source’s content or accuracy. Opinions expressed in this article do not necessarily reflect those of Harvard Business Services, Inc.