More About Your Kentucky Registered Agent
Okay, here’s the scoop about getting a registered agent in Kentucky.
What is the reason for registered agents in the first place?
When I was a kid, you just tended the farm and paid your taxes to the king. Gradually, economies changed, new business structures like corporations and limited liability companies emerged. These types of company structures were created to protect business owners from liabilities and provide tax advantages. Entities are furnished standing that is disconnected from the individuals who put them together. Unfortunately, it didn’t take very much time for owners to work out that they could avoid business lawsuits by personally hiding from process servers. So, to get rid of that loophole, most Secretaries of State insist that business entities to appoint a “registered agent.”
Are there any requirements or restrictions I should know about my registered agent?
There are few restrictions regarding who can be a registered agent here. Specifically, the entity or person acting as your registered agent must be located and available at an official street address within the state of Kentucky during regular business hours. They will be responsible to receive all tax-related and legal documents, annual report forms, litigation (service of process) documents, etc., on your behalf. It is important that you choose a solid company, such as Registered-Agent.net when you’re choosing your Kentucky registered agent.
How will having a registered agent aid my business?
Most importantly, designating a registered agent keeps your company in conformity to Kentucky state law. In addition, we receive and scan any legal notice, service of process, annual report, or letter received into your customer account locally in Kentucky. You receive instantaneous notification of any paperwork scanned into your Kentucky resident agent client account.
As an added Kentucky registered agent service, we also keep track of your State annual report due date and send you prompts with do-it-yourself links to file your report before your due date with the State.
What happens if I fail to maintain or don’t have a registered agent in Kentucky for my business?
There can be consequences for failing to maintain your Kentucky registered agent. Penalties may or may not be assessed. The State of Kentucky may revoke your LLC or corporate certificate of authority if you fail to maintain your registered agent in Kentucky.