In US business law, a third-party acting as a Registered Agent, can be known as a Resident Agent and/or a Statutory Agent.
The registered agent in Minnesota is a business or individual designated to receive Service Of Process (SOP) when a business entity, with a designated EIN is a party to a legal action such as a lawsuit or summons, the registered agents address may be where the state sends the paperwork for the period renewal of the business entity's charter; as required by Corporation laws of the State of Minnesota.
The registered agent for a business entity can be an officer or an employee of the enterprise, or a third party, such as the organization's lawyer or a business providing Registered Agent services. Failure to properly maintain a registered agent can adversely affect a company negatively.
The best way to move forward is to understand the current condition of your business. Whether you have a list of your top 10 problems, or want to understand industry standards and best practices, ideal business ratios or strategy, we are here to help develop your team and your business.
I think it was Michael Gerber in his book entitled the eMyth, that stressed that most small businesses are functioning like a Practice; where people are managing people. He goes on to elaborate on how a Business that has Systems & Procedures, where people are managing Systems and the success of the entity is independent of the owners efforts, then you have created a Business. An enterprise is simply replicating the business in other markets (i.e. Newport Beach CA, New York NY, Miami FL).
Obtain the effort and emphasis placed on Procedure Development, combined with Strategy, can make an overnight success out of a business entity.
Did you know that if you structure your entity properly, your business can become bankable and fundable? As the Dept of Commerce has reported, a a high number of small businesses fail due to lack of available capital in the form of Profit, Cash Flow and or capital. With the right structure, we can help you grow and develop as planned..
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