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Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

Private Agreements and Registered Agent Requirements

October 17, 2019 Corporate, Registered Agent

Many agreements, such as contract and loan agreements, require the appointment of a Registered Agent to receive Service of Process or a notice from one party to another, and to deliver the documents to the various parties as soon as possible. Service of Process under a loan agreement and other legal contracts are critical correspondence that should be handled by a professional Registered Agent to ensure the documents are expeditiously delivered to the appropriate parties.

When choosing a professional Registered Agent for private agreements, consider the below questions in your selection process.

  • Is service coverage offered in all 50 states?
  • Are there numerous hands touching the process, adding undo complexity, or a dedicated Account Manager responsible to handle all the documentation necessary for the contract or loan agreement?
  • Are all Service of Process and notices digitized and sent electronically to the appropriate parties?
  • How much does it cost for a professional Registered Agent service? Some are typically 50% more cost effective than other national providers, choosing to pass savings gained through technological innovation on to customers. The service is comparable, only the fees are less.

To handle these important legal notices on a timely basis and in a cost-effective manner, you must choose a partner you can rely on as your Registered Agent for private agreements. For more information on our Contract Agency Services or Corporate Services, please contact First Corporate Solutions today.

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