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The Risks of Using an Individual as Your Registered Agent - Business Law News

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Business Law News


Posted on: Feb 11, 2019

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From Wolters Kluwer:

Choosing a registered agent is a critical issue for newly forming and qualifying companies. In choosing whether to appoint an individual or a corporate registered agent, businesses should take into consideration certain risks inherent in choosing an individual.

Introduction 
Nearly every corporation, LLC and LP are required to appoint and continuously maintain a registered agent in its state of formation and in every state in which it is qualified to do business as a foreign entity. This is an agent to whom a summons, complaint or other initial litigation documents can be served.  

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This article was submitted by Samantha Chapman, Indiana Secretary of State. If you would like to submit content or write an article for the Business Law Section, please email Kara Sikorski at ksikorski@indybar.org.

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