1942 Victory Boulevard, Staten Island, New York 10314
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Richmond Corporate Service Group: Why You Really Need a Registered Agent
When you start a business, one of the big questions is whether you need a registered agent or if you can do it yourself. We think that’s an easy question to answer.
How much of a background in law and compliance do you have? How much time can you afford to take away from your business to devote to this?
The Richmond Corporate Service Group operates with a business forward perspective. What this means to you is that we want you to succeed in your business, and we want to support your success.
There are two concepts we pay attention to that lead us to our business forward perspective. The first is opportunity cost. The second is core competency.
Those are terms that people aren’t always familiar with. Opportunity cost is the amount of money you make or save when you choose to do one thing over another. Core competency is when you count a skill among the core skills in your business.
For instance, let’s say you want to establish a store. Ask yourself these two important questions: Can I really afford to either close my store or spend several extra hours a week after hours diving into and filling out paperwork where I may have a steep learning curve? Is this a core competency that I’ve developed in my career, and that makes me confident I know exactly what I’m doing?
In most cases, someone who is opening a store knows the content of their store. If you’re opening a restaurant, you may have great front-of-house manager skills or be an incredibly skilled chef. None of these are skills that translate into the world of often confusing, complex legal or regulatory paperwork.
This is where having RCSG in your corner is such a tremendous benefit to you and your new enterprise. With our reasonable rates, we make that opportunity cost equation very easy decision. You will easily make more money focusing on your business than you will concerning yourself with all the detailed work you’ve tasked to us as your registered agent.
The only time you will need to get involved in a lot of this work is when there are decisions that you need to make, documents you must sign, or an appearance you must make. The rest of it becomes automatic.
RCSG will also guard your reputation by monitoring that you stay in good standing with your home state – whether that’s New York, New Jersey or Pennsylvania. Having a firm like us to keep an eye on filings and payments to the state will help you to avoid costly late payment penalties and interest that you could encounter if you slip up.
Another consideration with hiring a registered agent is privacy. The registered agent listed on your corporation or company is part of a publicly available list. With RCSG as your registered agent, your profile will be lower, and it will save you the hassle of dealing with an excess of unwanted solicitations and possibly scams.
RSCG is your business forward corporate services partner. We offer a wide variety of cost-friendly services ranging from paralegal to notary public to compliance support. We are based in Staten Island, New York, but we also operate in New Jersey, Pennsylvania, Delaware and Florida. Call us today at 718-336-7274 [or 718-336-RCSG] or fill out the form linked here to further explore the services we offer. We are confident you will be very impressed with what RCSG offers.
Frequently Asked Questions
What’s the difference between a Registered Agent and a Professional Corporate Services firm?
Richmond Corporate Service Group defines itself as a Professional Corporate Services Firm, and while there is a lot of overlap, the expanded menu of services RCSG offers is the differentiator. Registered Agents generally register your LLC, partnership, S-Corp or C-Corp, and serve as your in-state registered representative for receipt of legal documents, filing annual reports, and keeping a company in good standing. In addition to company formations, RCSG also offers publication services, bookkeeping, nationwide or state-level searches on such matters as liens and bankruptcies, and we offer per diem paralegal services, which can really help keep down the legal bills.
Why should an entrepreneur or established company spend money on this rather than doing it themselves?
RCSG advocates a concept: Companies should do what they are expert at and shouldn’t create an opportunity cost when good value services are available. RCSG’s core competency is keeping client companies in good standing. If your firm landed just one substantial client in the time it would take for you to serve as your own registered representative, you’d likely more than pay for RCSG’s basic service.
Why does RCSG think that privacy is a big concern for a company?
Richmond Corporate Service Group understands that starting an enterprise is difficult and not having to experience do-overs removes a lot of future frustration. Creating and registering the business name and choosing the right kind of corporate structure – LLC, PLLC, S-Corp, etc. – are just the first steps RCSG helps clients with. That we can set up your bookkeeping processes, provide paralegal services to have things structured right before submitting them to a lawyer, and take on your corporate compliance responsibilities to maximize your opportunity for success.
Are there areas of specialization that Richmond Corporate Service Group considers its focus?
RCSG has experience across many different businesses, but our deepest expertise is in Real Estate LLC formation and support. Real estate projects often require individual incorporations, and this can lead to many LLCs being established by a developer in order to properly protect investments, so if there is a problem with one part of a project or a separate project, the issue doesn’t affect all construction projects being undertaken.
