EARLY INVOLVEMENT OF YOUR NEVADA BUSINESS LAWYER IS ESSENTIAL
Importance of Having your Attorney as your Registered Agent (continued)
In Nevada, if an LLC, LP, or corporation fails to maintain a registered agent that company will be in default and its legal status will be revoked. In addition, penalty fees may be assessed for the entity’s failure. If a registered agent fails to perform their function, it can have significant consequences for the business entity. Most common would be a failure on the part of a company to respond to a given complaint or a failure to appear in court resulting in a default judgment that could substantially hinder an entity’s economic well-being.
To qualify as a registered agent in Nevada the agent must be a legal resident of the state. However, Nevada does allow a corporate officer of the corporation to serve, and allows the corporation’s lawyer to serve as an agent. Some states allow a business entity to act as its own registered agent, but other jurisdictions require that a business entity designate a third party as its registered agent.
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