Private Equity Interview Question:

What is a registered agent?

Submitted by: Murtaza

A registered agent receives important legal and tax documents on behalf of a business-corporation or LLC. They also can receive services of process (SOP) when a business entity is a party in a legal action, like a lawsuit or summons. A registered agent may also receive paperwork from the state for the yearly renewal of the business's charter. Either a member of the company or a third party (like a lawyer or service company) can act as a registered agent.
Submitted by: Murtaza