What is a registered agent for incorporation?

A registered agent is an individual or a company that will be the LLC’s or corporation’s official point of contact in the state to receive service of process, other legal documents, and official communications from the state, and forward these documents and communications to the LLC or corporation for which it is …

Who is considered a registered agent?

A registered agent is simply a person or entity appointed to accept service of process and official mail on your business’ behalf. You can appoint yourself, or in many states, you can appoint your business to be its own registered agent.

Can I be my own registered agent?

You can act as your own Registered Agent for a corporation or LLC as long as you have a physical street address in the state where your corporation or LLC is formed. The actual corporation or LLC being formed, however, cannot name itself as its own Registered Agent.

How long does it take to incorporate a company in Singapore?

one to two days
Company registration in Singapore is fully digitised by ACRA and it typically takes one to two days to incorporate a company.

Is a registered agent really necessary?

Every U.S. state requires businesses that register with a state as legal entities (LLCs, partnerships, corporations) to have a registered agent, sometimes called a statutory agent or agent of process. If your business is registered in more than one state, you will need a registered agent in each state.

Why you should not be your own registered agent?

If you serve as your own registered agent, then your home address becomes listed in public forums. This not only means you will end up with more junk mail than you wish, but it also brings up privacy concerns. Perhaps you become involved in a lawsuit. Someone could find your home address and visit you.

Why do people use registered agents?

For the most part, registered agents are used to accept any legal or tax documents on behalf of the business. The main reason they are used is so that you do not miss any important mailings or information that may have to do with lawsuits, taxes, judgments, and more.

What is the benefit of having a registered agent?

One of the main advantages is that you will not be tied to one location forever. As the address of your registered agent will stay the same, you will be able to move your business location whenever you need to without having to go through the process of filing paperwork to change your address.

What are the requirements to register a company in Singapore?

You need to appoint a qualified resident* company secretary within 6 months of your Singapore company’s registration. Sole directors and/or shareholders cannot act as the company secretary. You need to possess a minimum of S$1 worth of paid-up capital (also known as share capital) to register your Singapore company.

How can foreign companies incorporate an offshore company in Singapore?

Since a SingPass ID is required to log into BizFile+, foreign companies may need to engage the services of a registered filing agent (e.g. a law firm, accounting firm or corporate secretarial firm) to incorporate the offshore company for them. The following information is generally required to incorporate an offshore company in Singapore:

Should you incorporate a Singapore company or establish a branch?

However, Healy Consultants Group PLC recommends incorporating a local company rather than establishing a branch in Singapore. Since the company has no minimum capital requirement, limited liability, and allows 100\% foreign ownership in all fields, the traditional benefits of a branch do not apply.

What is a Singapore incorporated company?

The law treats a Singapore incorporated company as being a separate person from its members and those who manage its operations. What this essentially implies is that: The company can incur and receive obligations and hold property in its own name, enter into contracts with its members, directors or employees and with third parties.