Formal business entities in the US, like LLCs and corporations, are required to designate a registered agent for the company. In fact, you can’t officially complete the business formation process without appointing a registered agent.
Registered agents play a crucial role for businesses in terms of government and legal correspondence. The Model Registered Agents Act (MoRAA) was enacted to simplify this role nationwide.
But so many business owners are still confused about the Model Registered Agents Act and achieving compliance—so we created this guide to clear up any confusion.
What is the Model Registered Agents Act?
The Model Registered Agents Act was initially enacted in 2006 but was later amended in 2011.
It was created by the American Bar Association and the International Association of Commercial Administrators in an effort to standardize the rules and regulations for registered agents for US-based businesses.
Since each state has its own rules, there is a significant amount of variance from state to state for registered agent requirements.
The act aims to unify laws, filing requirements, forms, and more, by each state adopting uniform policies for registered agents.
The Basics of the Model Registered Agents Act
Let’s take a closer look at the core components of the Model Registered Agents Act. This will give you a better understanding of how it works… Read More