For a nominal annual flat fee the firm provides Nevada Secretary of State Resident Agent services for a variety of clients. There are many advantages when designating your attorney as your third-party resident agent.  A resident agent is a business or individual designated to receive service of process when a business entity is made party to a legal action. In Nevada, a business entity must designate and maintain a “Resident Agent.”  The purpose of the agent is to provide a legal address within Nevada to facilitate legal service of process in the event of legal action.

In general, the agent is also the person whom the state government sends all official documents required for tax and legal purposes, such as franchise tax notices and annual report forms.  The agent then forwards these documents to the entity itself.  The agent also notifies its business entity as to whether or not it is in “Good Standing” with the state.  The reason for this is that it is difficult for a business to keep track of legislative changes and report due dates for multiple jurisdictions given the differing laws of disparate states.

In Nevada, if an LLC, LP, or corporation fails to maintain a resident agent that company will be in default and its legal status will be revoked.  In addition, penalty fees may be assessed for the entity’s failure.