Collective has partnered with a trusted 3rd party provider, Registered Agent Solutions Inc. also known as RASi to provide registered agent services to Collective Members' LLCs. When setting up your LLC, we designate RASi as your registered agent. If you've joined Collective with an existing LLC, we can file a change of registered agent for RASi to become your registered agent. The cost of these services is included in your membership fee. We collaborate closely with RASi to ensure that if your LLC receives any state notices or services of process, you will be promptly notified.
What is a Registered Agent?
A registered agent, also known as a statutory agent or agent for service of process, is responsible for receiving legal documents and official correspondence on behalf of a business entity, including tax notices, government communications, and legal notices, and ensuring these are promptly and accurately forwarded to the appropriate individuals within the business. They maintain up-to-date contact information with state authorities, offer compliance reminders for filing deadlines, and enhance privacy by shielding the personal addresses of the business's owners or managers from public records.
How do I request a switch to RASi?
For formation filings and foreign registrations, we will automatically list RASi as the agent unless you specify otherwise. If you're transferring an existing LLC to Collective, please inform us if you wish to switch, and we will initiate the change with the state.
How much does it cost?
Your Collective subscription includes one registered agent appointment with RASi at no extra charge. For any additional states where you choose to register, an annual subscription fee will apply, billed directly by Collective.
How long does it take to switch agents?
The time required for this change can vary from state to state. Some states offer an instant online change process, while others may take a couple of weeks to complete the switch.
May I list myself as the Registered Agent?
You can designate yourself as the registered agent for your LLC, but it's crucial to consider the responsibilities of this role. The Registered Agent must be available during standard business hours, Monday through Friday, to receive service of process. It's worth noting that you might not always be available during these hours or might prefer not to have legal documents served to you in the presence of customers. This is why many choose to appoint a commercial registered agent.
Disclaimer: The information contained in this document is provided for informational purposes only and should not be construed as financial or tax advice. It is not intended to be a substitute for obtaining accounting or other financial advice from an appropriate financial adviser or for the purpose of avoiding U.S. Federal, state or local tax payments and penalties.