An investor I know formed a company in Indiana last year using a big name corporate filing service.
He just got the annual billing for registered agent service – $225!!!
A registered agent is someone in the state of the formation with a physical address that can be served in a lawsuit against the company. If you live in a state of formation, it can be you, and you don’t need to pay a registered agent. If you don’t have an office address and would prefer keeping your home address private, then a registered agent service like www.registeredagents.com charges $59/year.
The lesson is, watch what recurring billing you are agreeing to when you sign up for a “cheap” incorporation service online.
This is a service that we offer at Bronchick Law, along with many others including asset protection. We can also make sure that the entity is the right one for your business!!