The New Mexico government recommends that entrepreneurs follow their seven step guide to starting a business in the state. This guide takes the entrepreneur through all the necessary steps they will need to undertake if they wish to start a business. This begins with market research and ends with the process of maintaining a business.
One of the most important parts of business maintenance is the agent. This is the person or business that a company designates to receive important documents on its behalf. This can include documents such as tax forms and service of process notices. Every business in the state is required by law to have a registered agent and so each business must have one to remain compliant.
How to choose a registered agent
Cindy's New Mexico is a great example of a local group that handles a range of responsibilities for LLC owners across the world. There are many options for who to choose as a registered agent including friends, family and registered agent services. A registered agent must have a physical address within the state of New Mexico and this cannot be a PO Box. Additionally, the registered agent cannot be the business itself but an owner or employee of the business can act as the registered agent of the business. The registered agent will have their address made public as it will be published along with all of the other registered agents in the state. Additionally, the registered agent is expected to be available every business day of the year in case they need to receive an important document.
With these requirements in mind an entrepreneur or one of their employees could function as the registered agent of a business. However, this would mean that the employee would be expected to be at the office every business day of the year. Additionally, this would mean that the address of the office would most likely see a rise in spam mail. If a friend or family member were to act as a registered agent they would have the same obligations placed upon them. This is why most businesses prefer to use a registered agent service.
With so many options available for a registered agent service it can be difficult to choose which service is best. Services tend to range in price from $50 up to $300. The difference between the prices of services will typically come down to how many extras the service offers as well as any special expertise which they may have. Some services will promise faster turnaround times while others will provide excellent customer service and trained representatives to assist entrepreneurs. Many services tend to upload the documents online so that business owners can have access to their important documents with ease.
To pick the best registered agent service an entrepreneur should look at their available options carefully and decide which one is best for their business’s needs. This will obviously change from business to business. Additionally, some registered agent services may include a service in their price which another service provider will sell as an additional service. As a result it is important to shop around before deciding which service to go with. Some services may not provide a high level of service to their customers but it can be difficult to know which service may be best. That is why it is recommended to look at reviews of registered agent services to see what their customers have to say about the quality of service which they are providing. This can provide deeper insight into what the customer experience is like with the company as well as how effectively they render their service as registered agents.
Final thoughts
Choosing the right registered agent is an important decision for business owners and it should not be taken lightly. Due to the requirements placed on the registered agent it is recommended that business owners should use a registered agent service to fulfill this requirement. This costs a small fee but it is ultimately worth it due to the bonuses which a registered agent will provide as well as the time it can save business owners. Additionally, a registered agent can help a business maintain its compliance with the state and ensure that a business never misses an important deadline.