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One of the things you’ll need to determine before filing your paperwork to form a limited liability company (LLC) in Iowa is who will serve as your registered agent. The state requires all LLCs to have one, 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 designated by the business entity to receive important legal documents on behalf of the company.
Iowa Code Section 489.113 states that an LLC must designate and continuously maintain both a registered agent and registered office within the state. The registered agent’s main 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 time-sensitive events, such as service of process for lawsuits, garnishment notices against employees, or tax notifications.
A registered agent in Iowa can be any one of the following:
You can be your own agent, as long as you are a resident of the state and are fully available during business hours.
Many business owners prefer not to and instead use a registered agent service instead. There are multiple reasons to consider hiring a service to act as a registered agent, such as:
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