Registered Agent for real estate investors

Doing business across state lines? You may need a Registered Agent

It’s pretty common for real estate investors to use an LLC to protect their assets and streamline business operations. But what if you happen to live in a state that isn’t exactly friendly to small business? The quick and easy solution is to form an LLC in another state. This strategy can work brilliantly, but to remain within the law, you are required to name a person (or company) to act as your Registered Agent.

What are Registered Agents?

Your registered agent is the person who is responsible for sending and receiving all of your company’s legal correspondence. If you have an out-of-state LLC, you are legally required to have a registered agent. This is your point person for business matters in the state where your company is formed who will be legally responsible for maintaining your LLC’s legal and tax documents.

Can I be my own Registered Agent?

Sometimes it is legally possible to serve as one’s own Registered Agent. But to do this you’d have to meet certain requirements, have a presence in the state, and be doing business in a state that allows you to be your own Registered Agent. Even if you can do it, it’s rarely a good idea. Using a professional is the smarter, and far more convenient, move.

The Royal Registered Agent Treatment

Using a law firm’s registered agent service has some obvious perks. You can be comfortable knowing we’re aware of the duties of registered agents, important deadlines, and the legal technicalities that are critical to doing the job well. With Royal Legal Solutions, you don’t have to worry.

Learn How To Achieve Total Asset Protection In This FREE 5-Part Series

Ready to know more than your attorney? You'll get over two hours of instruction combined with five ebooks to teach you how to best structure your real estate investments.

ACCESS THE ROYAL ACADEMY VAULT

TEMPTED TO DO IT YOURSELF? THINK AGAIN

By law, you are allowed to serve as your company’s Registered Agent. That’s the law. But unless you’re an attorney or a CPA, you really want to weigh this decision carefully. For starters, you need to be sure you can satisfy the requirements listed above. Keep in mind, residency alone can get tricky, especially if you’re splitting your time between states. But the bigger question is, are you able and willing to do this job for the long haul?If the idea of burrowing into the minutiae of your business’ legal correspondence and tax obligations doesn’t make you giddy with delight, you very likely won’t be able to perform the Registered Agent’s role competently throughout the life of your business. For this reason, the vast majority of successful real estate investors do not serve as their own Registered Agents—and they’re better off for it.

A WORD OF CAUTION: DON’T SKIMP ON THE REGISTERED AGENT REQUIREMENT

If going it alone seems unwise and unsafe, you should know that not designating a Registered Agent at all is downright reckless. If you get caught operating out-of-state without a Registered Agent, you can expect a legal backlash that rivals the trials of Job. This onslaught may include anything from brutal fines to exclusion from the court system, which will make it very difficult (and illegal) to run your business. Some states may even pursue criminal charges.

Knowing this, would you really risk prison time to save the $45 to $95 it’ll cost you to designate a Registered Agent for each of your LLCs? Considering the value of your time as a real estate investor, this tiny, tax-deductible fee should be regarded more as a small investment in asset protection than a shrewd cost-cutting opportunity. There’s no sense in taking unnecessary risk. Let Royal Legal Solutions’ Registered Agent Service handle your business’s legal paperwork. We want to help you focus your efforts where they belong: on your business.

Do you have asset protection questions? We can help!

GET A PRICE

THE BEAUTY OF A REGISTERED AGENT SERVICE

Our Registered Agent service handles your correspondence, letting you focus on your business.

PEACE OF MIND

By assigning someone else—ideally, a professional—as your Registered Agent, you gain the peace of mind that comes from knowing another party is legally accountable for your LLC’s business and legal documentation.

NEVER MISS A CORRESPONDENCE

Missed an important piece of mail because you were down with the flu? Not your problem; your Registered Agent handles that.

NEVER MISS A FILING DEADLINE

Forgot a filing deadline because you were visiting a sick family member? Not your problem; your Registered Agent handles that too.

LEGAL SUPPORT

Slapped with a lawsuit? Your Registered Agent will alert you. Better yet, if your Registered Agent is an attorney, he or she is in the strongest position to respond quickly, professionally and dispassionately to arrive at the best outcome for you.

Visit our Traditional LLC Knowledge Base 

LEARN MORE

THE ROYAL LEGAL SOLUTIONS ADVANTAGE

We have experience in setting up the proper asset protection and making it easy for an investor to use. Our system simplifies management structure as much as possible, and we also use common sense to ensure your needs are met. For example, just one tip we give our clients is that you don’t need multiple bank accounts as long as you have accurate accounting records. For taxation, they should stay exactly how they are now while being reported on a Schedule E of your personal return (if you’re an individual/married partners) or a partnership return (if unmarried partners).

LEARN ABOUT OUR POPULAR ASSET PROTECTION PRODUCTS

TRADITIONAL LLC

Entities

Limited Liability Companies (LLC) are a legal structure that legally separates you from your business.

delaware statutory trust

Trusts

The Delaware Statutory Trust (“DST”) is a trust that is formed pursuant to the laws of the State of Delaware ...

SERIES LLC

Entities

The Series LLC enables you to separate assets into their own child entity for an additional layer of protection.

Estate Plan

Estate Planning

An estate plan is a legal strategy that addresses how your money and other assets will be distributed upon your death.

Do you have asset protection questions? We can help!

GET A PRICE


© 2022 - Royal Legal Solutions