Just like most other states, a Wyoming registered agent is a person or entity that is designated by a corporation to receive official communications on behalf of a business. When selecting a registered agent, the agent can be either an owner or a trusted employee of the business. Both owners or individuals must be a resident of Wyoming. The other option is to entrust your registered agent needs to that of a commercial registered agent service, such as, Silver Shield Services.
The requirements to become a registered agent in Wyoming are that individuals must be 18 years old or older, and must have a physical presence in the state. A commercial registered agent service, also known as a registered office, is required to be open during normal business hours in order to accept service or process on behalf of the companies that they serve. The final requirement is that they must have a physical address where official mail and notices can be accepted. Registered agents cannot have only a P.O. box listed.
If you are new to the world of business ownership, you might be wondering why you need a registered agent to begin with. The answer is simple. When you form a Wyoming corporation or LLC, you are establishing your company as a legal entity in the state of Wyoming that does not have the ability to communicate on its own. Therefore, a registered agent is required to accept communications on behalf of the business. Registered agents are responsible for making sure that the owners of the entity are notified of any notice, service, or process that the agent has accepted on behalf of the corporation.
To some Wyoming business owners, the requirement of having to designate a registered agent feels as though it is a huge inconvenience, but in reality, it is a critical function for any corporation to have established. In the event that your corporation is ever in a legal battle, it is essential to have a pre-established, reliable way to be notified of the impending litigation, or any changes to the legal battle. It is also necessary for the state to have a way to notify your if there are any legal issues, tax updates, or compliance requirements that need to be addressed by your corporation. Essentially, a registered agent is put in place to help with all of the official communication on behalf of your corporation.
If you ever need to change your registered agent, you’ll be required to fill out a Change of Agent form with the Wyoming Secretary of State. The change process takes a few business days for the Secretary of State to process the form.
For those business owners that do not wish to be listed as a Wyoming registered agent for their corporation, or those who cannot maintain a physical mailing address, you can enlist the services of a reputable commercial registered agent, such as Silver Shield Services. As a trusted commercial registered agent in Wyoming, you can trust us to ensure that you are receiving the best services in the state! Contact us today to see how we can help your corporation with your registered agent needs!