Why is a Registered Agent required when starting a business in USA?
What is a Registered Agent? A registered agent is a person or entity designated to receive legal documents and other necessary correspondence on behalf of a business. This includes documents such as lawsuits, subpoenas, and other legal notices. The registered agent is responsible for receiving these documents and forwarding them to the appropriate person within the business. The registered agent is also responsible for receiving other...
Corporate Formalities – What Are They and Why Do They Matter?
When you form a company, the entity is effectively a new “person” (in the legal sense) with a separate existence from its owners. This separation is fundamental for the business owner because it allows owners to protect their personal assets and limit their liability. However, the separate existence of the entity must be formally respected, otherwise, the legal “veil” that separates the entity from its owners may be pierced and the individual...