If you have an LLC, then you have a registered agent since it is a requirement when forming your business entity. However, sometimes conflicts arise, life events happen or reorganizing your business structure requires a change of registered agent.
How to change a registered agent?
The process in changing your registered agent is fairly simple, requiring you to fill out a "Change of Registered Agent" form in your particular state.
The form used to process the order, the processing fee and information needed varies by state so be sure to adhere the specific requirements listed by your secretary of state.
What is a Registered Agent?
A registered agent is someone who is registered to do business in the same state in which a business entity is established and who is appointed to receive service of process notices,
correspondence from the secretary of state and other official government notifications including tax forms or potential lawsuits. All LLCs are required to choose a registered agent when filing with their secretary of state.
What is Required of a Registered Agent?
A registered agent receives tax and legal documents for your business and ensures that you don't miss important notifications regarding tax payments, lawsuits or legal activities involving your business. However,
a registered agent may or may not have a role in the operation of the business itself.
What Happens if I Don't Appoint Or Report a Change in Registered Agents?
All LLCs are required to designate a registered agent when they file with their secretary of state. Failing to do so will cause you to fall out of good standing with the state causing hefty fines.
If you change your registered agent without notifying the secretary of state, penalties can include license revocation, fines, and your right to enter into legal contracts and/or gain access to the state court system could be revoked.
Reinstatement proceedings could also include additional financial and legal hardships.