What's the Difference Between a Registered Agent and an Owner?
A registered agent is a person or entity that receives legal documents on behalf of a business, while an owner is responsible for making decisions about the business's operations and finances.
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A registered agent is a person or entity that is authorized to receive legal documents and notices on behalf of a business. In other words, they are the official point of contact for the business. On the other hand, an owner is someone who has a financial interest in the business and is responsible for making decisions about its operations.
While both roles are important, they serve different purposes. A registered agent is responsible for receiving and forwarding legal documents, such as summons and complaints, to the business. They also need to maintain a physical address in the state where the business is registered. In contrast, an owner is responsible for making decisions about the business's operations and finances.
It's worth noting that a registered agent can also be an owner of the business, but not all owners are registered agents. For example, a sole proprietor may be the owner of the business, but they may not need to appoint a registered agent because they are the only person responsible for the business.
In summary, a registered agent is responsible for receiving legal documents and maintaining a physical address, while an owner is responsible for making decisions about the business's operations and finances.