For businesses, the first quarter of each year brings a number of fiscal and legal obligations. A business must, for instance, file its Annual Report with the State of Florida. And when doing so, it must confirm (or change) the identity of its Registered Agent.
Many business owners name themselves as their companies’ Registered Agents, and that works in most circumstances. Others name their CPA, something that I have noticed frequently. We have nothing but respect for CPAs and work closely with them. For that matter, we would not touch anything coming near the IRS (short of challenging a tax decision in Court) and refer any such question to the accountants. But Registered Agents have no tax or accounting duties whatsoever. They have legal duties.
Among those, Registered Agents must answer state subpoenas for documents evidencing the legal existence of a business entity, or the names of its shareholders, officers or directors (or the equivalent for LLCs). They must accept service of process of subpoenas or lawsuits.
Now imagine being sued – not a fun prospect, but work with us. You must answer the complaint within 20 days. So if your CPA gets the summons and complaint, they need to send it to you; then you need to make time to see your lawyer, since Florida law mandates that a business be represented in court by an attorney. How much of those 20 days may have passed by then?
The Roth Law Firm does not charge anything to be listed as Registered Agent for companies for which it already is the General Counsel. It is part of the value we provide. But whether we have the privilege to count you as one of our clients or not, choose your Registered Agent with care.