In the state of Illinois, every corporation must have a registered agent. A registered agent is a third-party responsible for receiving service of process notices, correspondences, and other forms of official government notifications. In this blog, our Chicago business lawyer explains the importance of having a registered agent.
Benefits of Having a Registered Agent
It’s easy to be overwhelmed by the high stress associated with starting a new business. With a registered agent, you don’t have to worry about missing important documents or receiving potentially embarrassing or sensitive legal or tax paperwork in front of important clients. Additionally, if you decide to move locations, the address of your registered agent will remain the same – you won’t have to file extra paperwork to change your address with the state for every move you make.
What if I don’t choose a registered agent?
Any business or company that fails to designate a registered agent is at high risk of losing their “good standing” with the state. If you are caught operating a business without a registered agent, you could be facing a number of penalties include license revocation, fines, and inability to enter legal contracts.
At The Prinz Law Firm, our Chicago business lawyers can work as the registered agent for your company. Let us give you the peace of mind you desrve. Call our firm today at (312) 212-4450 to schedule a free consultation.