guile Posted September 11, 2008 Share Posted September 11, 2008 and most importantly, what are the functions of this agent? By appointing (say Legalzoom) an agent, do they have any control/say in my business? Link to comment Share on other sites More sharing options...
alyssamma Posted September 11, 2008 Share Posted September 11, 2008 Do you mean a Statutory Agent? Link to comment Share on other sites More sharing options...
Outlander Posted September 11, 2008 Share Posted September 11, 2008 Guile, I think that you will find that you can be the agent for the LLC. Link to comment Share on other sites More sharing options...
guile Posted September 11, 2008 Author Share Posted September 11, 2008 Yes, that's what I meant alyssamma. Since I am considering using Legal Zoom, I would like to know what is it they (as the "Agent") will be doing for me if anything? Why would I need to pay them $150 extra to do this? I mean I'm all for it if it would make things easier but I would like to know the what's and why's:) Link to comment Share on other sites More sharing options...
alyssamma Posted September 11, 2008 Share Posted September 11, 2008 Guile, FYI, you can form this for yourself by going to the Secretary of State's website for PA. Also, you should be your own agent. I had a C-Corp for 6 years and now have an S-Corp that has been around for 7 years. I was/am the agent for both. Never had anything to do Do like Outlander said and be it yourself. Unless LegalZoom is really cheap, do it yourself For PA: http://www.dos.state.pa.us/corps/cwp/view.asp?a=1093&Q=431161&corpsNav=| It costs $125 for file yourself. Kevin Link to comment Share on other sites More sharing options...
guile Posted September 11, 2008 Author Share Posted September 11, 2008 Thanks a TON Kevin!! This place really is amazing!! Such great members. Link to comment Share on other sites More sharing options...
caserri Posted September 12, 2008 Share Posted September 12, 2008 The only reason you would need to hire an agent is if you were incorporating in another state that you do not have a physical address in. For instance, to incorporate in Massachusetts, would cost someone well over $1,000.00, state fees included. By contrast, someone from Massachusetts can incorporate in Delaware or Nevada for a quarter of that price but would need a registered agent in that state. The agent functions as a person and physical address in case someone is needed to sign and receive any legal documents that may be delivered to your corp. If you are incorporating in your own state, you should be your own agent. Steve Link to comment Share on other sites More sharing options...
alyssamma Posted September 12, 2008 Share Posted September 12, 2008 Guile, np, feel free to PM me with any other specific Q. Kevin Link to comment Share on other sites More sharing options...
ROGERS VENDING Posted February 7, 2009 Share Posted February 7, 2009 But how can I find out the best corp. to go with. WHat are the advantages and disadvantages of each? LLC? C-Corp? S-Corp? etc... Link to comment Share on other sites More sharing options...
alyssamma Posted February 10, 2009 Share Posted February 10, 2009 If you are doing basic vending and nothing else, form a single person LLC and be taxed as a sole prop. There is zero reason you would need a C-Corp. If you are doing more than vending, or bringing in more than $50K/yr, an S-Corp might have some advantages for you. Kevin Link to comment Share on other sites More sharing options...
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