An individual chosen by the company to receive legal documents is known as a non-commercial registered agent. Any Nevada resident who is at least 18 years old and qualifies can be this person. However, the company itself cannot serve as the registered agent. It is possible for a friend, member of the family, or even a firm employee to serve as a non-commercial registered agent. Being a registered agent does not require any specialized education or training.
A commercial registered agent who is qualified to serve as a registered agent for many companies is known as a represented entity agent. Typically, this kind of agent is a third-party service provider who focuses on offering registered agent services. Represented entity agents are needed to hold a Nevada license and satisfy specific requirements, such as keeping regular business hours and having a Nevada physical address. Every company must have a registered agent in Nevada, regardless of whether it is a commercial or non-commercial agency. Legal documents must be obtained on behalf of the firm by the registered agent, who must then make sure they are handed to the correct party. There could be severe repercussions if you don’t have a registered agent, like default judgments or fines.
In conclusion, the primary distinction between a non-commercial registered agent and a represented entity agent is that the latter is a business that specializes in offering registered agent services, whereas the former is a person who has been designated by the company to receive legal documents. No matter the kind of registered agent a company choose, it’s crucial to make sure they are capable and dependable because they are essential to shielding the company from claims and liabilities.