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Are you starting a business in Florida? There’s a lot to think about if so. You’ll need to file paperwork, pick the right structure, and maybe even choose a catchy name. But one requirement that isn’t always talked about is choosing a Registered Agent. It might sound unnecessary, but it can be very important. Your Registered Agent is the person (or company) that officially receives legal and state documents on behalf of your business.
We’re talking things like lawsuits, tax forms, and compliance notices, essentially, the paperwork you don’t want to miss. In Florida, it’s a legal requirement to have one, and it doesn’t matter if you’re an LLC, corporation, or nonprofit. And while you technically could be your own agent, it’s not always the best idea. In this blog post, we’ll go over what a Florida Registered Agent does, why it matters, and how to choose the right one for your business.
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If you’re new to the business, you’ve probably come across the term Registered Agent, and if you’re like most people, your first thought was probably, “Do I actually need one?” The short answer is yes. A Florida registered agent is someone who is officially responsible for receiving important legal and government documents on behalf of your business. As mentioned above, every single entity in Florida is legally required to have one. Even if it wasn’t required, it’s nice to have one, it makes your life a whole lot easier.
Obtaining a Registered Agent is one of the first things you'll need to do when opening your business. It might sound official (and a little intimidating), but it's really just someone who’s responsible for receiving legal documents and important mail for your business.
So, who can actually serve as your Florida Registered Agent? Do you need to hire a professional service, or can you just list yourself, or even a friend?
Well, in the state of Florida, there are a few options, but you’ll need to follow specific rules. The appointed Registered Agent must:
Getting a Florida Registered Agent is a pretty simple process, but it’s one you’ll want to get right. The first thing you’ll need to do is decide whether you want to act as your own agent (which is allowed, as long as you have a physical Florida address and are available during normal business hours)1 or hire a professional service. Many business owners choose a commercial registered agent to avoid using their home address and to make sure they never miss an important document, but this is totally up to you.
Once you’ve chosen your agent, you’ll list their name and Florida street address on your formation documents when registering your LLC or corporation with the Florida Division of Corporations. If you switch agents, you’ll need to file a “Statement of Change” form and pay a small fee2. That’s really it, no need to overthink it. The key is picking someone reliable who will keep you in good standing with the state.
Having a Registered Agent in Florida might not sound like the most exciting part of starting a business, but it’s one of those behind-the-scenes essentials that can save you a lot of headaches, and of course, it comes with several advantages:
Benefits:
They make sure your business receives important legal and tax documents promptly and confidentially, so you can operate your business legally. Think of them as your business’s official point of contact.
Your business could lose its good standing with the state. You might face penalties or even risk administrative dissolution (basically, being shut down) if you don’t have a Registered Agent. As mentioned in the blog, it is a legal requirement to have a Registered Agent when operating a business in the state of Florida.
Yes. If you’re doing business in Florida but don’t live there, you’ll need a Registered Agent with a Florida address. You cannot act as your own agent if you do not reside in the state of Florida.
Most services range from $50 to $150 per year, depending on what’s included (like document scanning, compliance alerts, etc.)3. Most agents will tell you what their cost is up front, so it’s best to reach out to your chosen agent to confirm their exact cost.
It’s much easier than you think. You just need to file the appropriate form with the Florida Division of Corporations and pay a fee, which is usually $252.
When you're getting your business off the ground, a Registered Agent might feel like just another box to check, and let’s be real, dealing with paperwork is rarely anyone’s favorite part of starting a business. But in Florida, it’s a must.You’ll need one in place if you want to legally operate in the Sunshine State, and getting it sorted early just makes everything smoother.
We always recommend lining up your Florida Registered Agent before your official launch date, so you're not scrambling once things get rolling. And hey, if you’ve got a Florida address and are available during business hours, you can even serve as your own agent.
Wise Business can help you save big time on international payments.
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in currencies.
Signing up to Wise Business allows access to BatchTransfer which you can use to pay up to 1000 invoices in one go. This is perfect for small businesses that are managing a global team, saving a ton of time and hassle when making payments.
Some key features of Wise Business include:
Mid-market rate: Get the mid-market exchange rate with no hidden fees on international transfers
Global Account: Send money to countries and hold multiple currencies, all in one place. You can also get major currency account details for a one-off fee to receive overseas payments like a local
Access to BatchTransfer: Pay up to 1000 invoices in one click. Save time, money, and stress when you make 1000 payments in one click with BatchTransfer payments. Access to BatchTransfer is free with a Wise Business account
Auto-conversions: Don't like the current currency exchange rate? Set your desired rate, and Wise sends the transfer the moment the rate is met
Free invoicing tool: Generate and send professional invoices
No minimum balance requirements or monthly fees: US-based businesses can open an account for free. Learn more about fees here
Sources:
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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