Hiring a Nevada Resident Agent is Important for Your Business Corporation
The first thing that you will be required to do upon starting a Nevada corporation is hiring of a registered agent. This is a requirement that is an important part of the formation process, i.e. you won’t be able to form a corporation in Nevada unless the agent isn’t designated prior to starting the corporation.
What Does a Resident Agent Do for Your Company?
It’s the registered agent who provides the state you intend to operate in. An official contract for the company in question opens the way for communication between the state of Nevada and your company through the middleman, i.e. the state’s resident agent. In addition to this, the agent will also be responsible for receiving on behalf of your business and forwarding notice of lawsuits onwards.
What are the Exact Requirements Needed to Hire a Nevada Resident Agent?
Requirements differ from each state but generally 3 rules apply in every case:
- The individual hired as a registered agent must be a resident, domestic, or qualified to carry out duties for the corporation operating in Nevada.
- The office address of the agent must be physical and found in the state. This means that an address given that’s outside of the state won’t qualify.
- The Nevada resident agent must be present and available during normal business hours.
To Incorporate in Nevada, You Must Have an Ongoing Registered Agent
It’s very important to designate a registered agent in Nevada itself, upon formation of the company as well as all the other states you conduct your business in. This promises for a smooth and efficient operation and communication between the state and your business.
What happens if you fail to maintain a Registered Agent?
Your business will most likely face serious issues coming from the state where you are operating from, if there isn’t a middleman, i.e. a registered agent placed. First and foremost, the state of Nevada will have the right to dissolve the business’s administration and forfeit your ability to start a similar corporation in other states.
Failing to comply with the above will lead to fines and penalties from the state of Nevada, as well as an inability to defend in the case of a lawsuit. Securing a good standing, i.e. reinstatement for your business can prove to be a tedious and expensive process which is why it’s often better to follow the requirements for a Nevada Resident Agent when forming a corporation in Nevada.