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Frequently Asked Questions

Answers to the most common questions about registered agents, LLC formation, and business compliance. Ask us directly if you don't see yours.

Registered Agent

What exactly does a registered agent do?
A registered agent accepts legal documents and official state correspondence on behalf of your business — including lawsuits (service of process), state notices, tax forms, and compliance reminders. They ensure you never miss critical legal mail.
Is a registered agent legally required?
Yes. Every state requires LLCs, corporations, nonprofits, and registered partnerships to appoint and maintain a registered agent with a physical address in the state where they operate.
Can I be my own registered agent?
Technically yes, if you have a physical address in the state and are available during business hours. However, this exposes your home address publicly and means legal documents could be served to you in front of clients or employees. Most business owners prefer a professional service.
What happens if I don't have a registered agent?
Your business can be penalized, fined, or fall out of good standing with the state. In some cases, your LLC can be administratively dissolved. You also risk missing legal notices and defaulting on lawsuits.
Does Founders serve as registered agent in multiple states?
Yes. We provide registered agent services across multiple states. Contact us to confirm availability in your specific states of operation.

LLC Formation

How long does it take to form an LLC?
In most states, standard processing takes 1–2 weeks. Expedited filing (available in most states for an additional fee) can complete in 24–72 hours. Texas standard processing is typically 3–5 business days.
What do I need to form an LLC?
You'll need a business name (checked for availability), a registered agent address, the names and addresses of the members/managers, and payment of the state filing fee. We handle all of this for you.
Do I need an operating agreement?
Not always legally required, but strongly recommended. An operating agreement defines ownership percentages, roles, how decisions are made, and what happens if a member leaves. It's essential for multi-member LLCs and for banks when opening a business account.

Compliance & Ongoing Filings

What is an annual report and when is it due?
Most states require LLCs and corporations to file an annual (or biennial) report confirming your business information and paying a filing fee. Due dates vary by state — Texas requires an annual franchise tax report due May 15. We track and handle these for you.
What business permits and licenses do I need?
It depends on your industry, location, and business activities. Requirements exist at the federal, state, county, and city level. Our compliance team can audit your specific situation and identify exactly what you need.
What happens if my LLC falls out of good standing?
You may be unable to enter contracts, open bank accounts, or obtain financing. In severe cases, the state can administratively dissolve your LLC. Good standing can usually be restored by filing overdue reports and paying fees, but it's far better to stay current.