Should I use my personal address for LLC?
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All registered agents, no matter what state, must maintain a physical mailing address in the LLC or business’s registered state P.O. boxes do not count as a physical address. The registered agent only accepts legal documents and forwards them on to the LLC contact person, they have no other involvement in the business.
Who qualifies as a registered agent?
In general, a registered agent can be any person who is at least 18 years old and has a physical address (not just a P.O. box) in the state where your LLC is formed. That address is sometimes referred to as the registered office, though the address can be either a home or a business address.
Do I really need a registered agent?
Do I really need a registered agent in California? Yes. The state of California requires your LLC or corporation to list a registered agent. Without a registered agent’s name listed on your Articles of Organization, your company won’t be in good standing with the state.
How do I file a statement of information for an LLC?
How to file your Statement of Information (online)
- Go the Secretary of State’s BizFile page.
- Click Limited Liability Company Statement of Information.
- Search for your LLC either by its name or Entity Number.
- Click on your LLC name and then click “Continue Filing”
- Review the privacy message and click “I Accept” to proceed.
What happens if you don’t file statement of information?
What happens if I do not file? In addition to the $250 penalty imposed. The Secretary of State will suspend/forfeit your business for not filing the required Statement of Information.
Can I use myself as 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.
What is a LLC-12?
Form LLC-12 is commonly used to help the state of California track changes in addresses, agents, managers, and members of Limited Liability Companies. The form, which was formerly called LLC-12R, is also known as the Statement of Information or SOI, form.
What is the purpose of statement of information?
A Statement of Information is filed to divulge your company’s activities over the prior year. This information is often most important to shareholders or other parties that have an interest in your company.
What is an LLC 1?
To form a limited liability company (LLC), you must file Articles of Organization (Form LLC-1) with the California Secretary of State. Operating Agreements are to be maintained by the LLC and are not filed with the California Secretary of State.
How do I file a statement of information for an LLC in California?
All Statements of Information for limited liability companies can be filed online at bizfile.sos.ca.gov. Status of LLC: In order to file Form LLC-12, the status of the LLC must be active or suspended/forfeited on the records of the California Secretary of State.
How often does an LLC have to file a statement of information?
every two years
What address should I use for my LLC?
If you have a business entity structure that’s an LLC, corporation or similar, your mail needs to go to a physical street address in the same state as where your company was formed. LLCs and corporations must have a Registered Agent that maintains regular business hours and can receive official mail.
Can I be my own registered agent in California?
You can be your own registered agent in California, but you’ll have to list your name and address in the public record. Many business owners don’t want the hassle that comes with this (unsolicited phone calls, junk mail offers, etc.). Hiring a registered agent keeps your information out of the public record.
Can I put my primary residence in an LLC?
Does LLC ownership count as time used as a “primary residence”? For a single-member LLC, the answer is typically yes. For example, if the house is owned by an LLC. The Treasury Regulations allow for the capital gains exclusion when title is held by a single-member disregarded entity.
What is a statement of information for an LLC in California?
A Statement of Information (SOI), also referred to as an Annual Report, is a document that the Secretary of State requires all LLCs to submit, biennially (every two years). This form is required regardless of whether the LLC has been actively conducting business or not. It is called the California LLC-12 form.
Do articles of incorporation expire?
Articles of Organization Articles can state a date upon which an LLC expires. If no expiration date is stated, the LLC continues perpetually.
Can I use a virtual address for my LLC?
Having an LLC will take your business a long way with the great benefits that Virtual Offices and Virtual Mailboxes have to offer. Most importantly, having a legitimate address will help your business function efficiently and make it easy for clients to trust you.
What is a form Si 100?
Statement of Information (Form SI-100) For faster processing, the required statement for most corporations can be filed online at bizfile.sos.ca.gov.
Do I need to file a statement of information every year?
A Statement of Information must be filed either every year for stock, cooperative, credit union, and all foreign corporations or every two years (only in odd years or only in even years based on year of initial registration) for domestic nonprofit corporations and all limited liability companies.
What is agent for service of process California?
An “agent for service of process” (sometimes simplified to agent) is an individual or a corporation that is designated by a business entity for the purpose of receiving official legal documents, such as lawsuit papers, subpoenas, and other official legal documents.
What is initial statement information?
The Statement of Information form shows a company’s owners/officers, business address(es), and business description. A corporation/LLC must file a Statement of Information within 90 days of their Articles of Incorporation/Organization to do business in the state of California.
What does agent for service of process mean?
Notice is provided to an agent for service of process, essentially an individual or business organization appointed by your business who is authorized to receive legal documents on the principal’s behalf.
Should I use my address for my LLC?
While some home LLCs (limited liability company) opt to not use an address at all online, other options include PO boxes, mailbox services, virtual office spaces and co-working spaces. Regardless, you typically must provide an address of some sort for your public, corporate records, even if you’re an online business.
What is a Si 550 form?
Statement of Information: Form SI-550 must be used when filing the FIRST Statement of Information (due within 90 days after registration with the California Secretary of State) and when ANY information has changed since the last complete Statement of Information was filed.
What do I do if I don’t have a registered agent?
Going Without a Registered Agent Could End Your Business Failing to maintain a registered agent can ultimately lead to your business being completely shut down. The state can suspend your permission to conduct business and remove it from good standing.
What is Statement of Information filing in California?
In California a business’s annual report is called the Statement of Information. It’s a required filing that keeps the state updated with information about participants in the company. It must be filed on time, and the penalty for being late is hefty: $250, versus the filing fee of up to $25.
How do I file a LLC-12?
Any authorized company member can file the form. Obtain Form LLC-12 from the California Secretary of State’s website. You can complete the form online or send the duly filled form with the payment of $20 to the Secretary of State. Care should be taken to complete every field.