One of the things you’ll need to determine before filing your paperwork to form a limited liability company (LLC) in Kentucky is who will serve as your registered agent. All LLCs to have one by law, but what is a registered agent? What are their duties, and what are the requirements to be one?
A registered agent is an individual or company that’s designated by the business entity to receive important legal documents and official state notices on behalf of the business.
Appointing and maintaining a registered agent and a registered office is required by Kentucky Statute §14A.4-010. A registered agent’s primary role is to receive service of process on behalf of the LLC. This position is necessary because it ensures that the correct people within an LLC are notified in the event of certain time-sensitive events such as service of process for lawsuits, garnishment notices against employees, or notifications of taxes.
A registered agent in Kentucky can be one of the following:
In addition, the registered agent must sign the document making the appointment or otherwise deliver a statement in writing to the Secretary of State accepting the appointment.
Here are a few reasons forming an LLC in Kentucky is an excellent choice:
Want to learn more about the benefits of forming an LLC? Check out our comprehensive guide for more information.
You can be your own agent, as long as you are a resident of the state and are generally available during business hours.
There are disadvantages to being your our agent, which is why so many businesses rely on registered agent services to fulfill that role. Here are a few reasons to consider hiring a service to act as a registered agent:
Disclaimer: The content on this page is for information purposes only and does not constitute legal, tax, or accounting advice. If you have specific questions about any of these topics, seek the counsel of a licensed professional.
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