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Registered Agent Service Could Save Sued Business Owners Big Money

Every corporation, LLC, or limited partnership is required to have a registered agent, sometimes called a resident agent, to collect important legal documents for the business. This includes a service of process in the case of a lawsuit. Many small business owners opt to be their own registered agent, but this can lead to some big problems if they are actually required to receive notice of a lawsuit. Commonly people use their home address as the official registered agent address, and if they are not home when delivery of the legal document is attempted, they may not receive notice....

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What is a Registered Agent? And Why Do I Need One?

Every corporation, LLC, or Limited Partnership must have a registered agent (also known as a “resident agent,” “statutory agent” or “agent of process”) in their state of formation, and in any state the company qualifies to do business in. The registered agent ensures you receive all important legal documents such as service of process (meaning a notice of a lawsuit) and official governmental notices. This is a critical service as it can determine if you win or loose a lawsuit. How Do Registered Agents Protect Me and My LLC or Corporation? You want to get notice if you’ve been...

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Video: How to Get a Small Business Loan

Learn how to get a small business loan from best selling author Garrett Sutton. Learn what the banks will use to evaluate whether you’re a good risk for a loan. Discover how to tailor your loan application to meet those needs and expectations. Also, stay tuned to the end to learn Garrett’s tip of a trick you should use to improve your pitch for future proposals that most business owners don’t know about. As a Rich Dad Advisor and Corporate Attorney, Garrett Sutton who has helped thousands of businesses get started through his companies, Corporate Direct and Sutton Law...

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Top 12 LLC Advantages and Disadvantages

When looking to start a business or protect investments you have several options in the type of entity you can form. As with anything, there are advantages and disadvantages to limited liability companies. Below is a list of advantages when considering the formation of an LLC. Advantages of an LLC It limits liability for managers and members. Superior protection via the charging order. (See example below.) Flexible management. Flow-through taxation: profits are distributed to the members, who are taxed on profits at their personal tax level. This avoids double taxation. Good privacy protection, especially in Wyoming. This is a...

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