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What Is A
A Missouri Statutory Agent can be either an individual person or a business that is designated to receive Service of Process served upon a company within the jurisdiction of any state where the company conducts business. Service of process is official notification of a lawsuit or summons when the business has become a party to legal action.
Other functions of a Statutory Agent also include receiving official correspondence from the Missouri Secretary of States office examples of include notification of annual reports
tax notices and general corporate compliance notifications.
Do I Need a Statutory Agent
Like most states
Legal Definition of a
A Missouri Statutory Agent is the legal representative responsible for accepting Service of Process (Lawsuits) on behalf of the business entity within the dominion of† the
If a company does not maintain or designate a Statutory Agent it will be deemed to not be in Good Standing with the state. The fallout of this will include forfeiture of its
license to do business in the state. There are substantial penalties and fees involved in reinstating the company back into ìGood Standingî. Failing to maintain a Statutory Agent may also block access to legally enter into contracts and gain access to the state courts
Who Can Perform The Service of a Statutory Agent in
Different states have different requirements for Statutory Agents. Typically, the agent must be a legal resident of the state in question or, in states that allow business to serve a Statutory Agents, an entity authorized to do business in the state. All states allow a corporate officer of the corporation to serve, and all allow the corporation's lawyer to serve. Most allow business entities to serve as Statutory Agents for other entities. In some states a business entity is legally allowed to act as its own Statutory Agent, but other jurisdictions may require that a business entity designate a third party as its Statutory Agent. Because most states permit one business entity to serve as a Statutory Agent for others, some businesses exist to serve that exact function, charging a fee to act as the Statutory Agent for hundreds or thousands of businesses in a given state.
Why Should I Use a Professional
You will have the
confidence that a professional Statutory Agent is looking out for the interest
of your company for a nominal annual fee. Penalties for not maintaining
a Statutory Agent generally will cause a jurisdiction to revoke a businessís
corporate or LLC legal status as well as in some cases, assess additional
penalty fees on the entity.
1. You want one less thing to worry about.
The State of
3. Your company does business in multiple states.
Youíre starting your company in
5. Your address often changes.
6. You donít keep normal business hours.
You do not have a permanent place you work from in
8. You maintain an office in your home.
9. You donít want to be served a lawsuit in front of employees at work.
Is There Confidentiality Between My
All information between the Statutory Agent and client should be and remain confidential. It is important to know that a subpoena which has legal authority
may be served upon the Statutory Agent compelling disclosure of client information. The Statutory Agent should always try to confirm that it is from a legitimate source
such as a Court or law enforcement agency. Under these circumstances, the Statutory Agent must disclose requested information under penalty of law.
Agent Service is The Cheapest The Best?