What does a statutory agent do?
The statutory agent can be any person located within the state where the company will be located. This person does not need to be involved with the corporation in any other manner. Being a statutory agent does not in itself give that person any management or ownership rights to the company. Most people choose to serve as their own statutory agent to save expenses and to be certain they will directly receive any notices which the state forwards to the company. Statutory agents are not required to have any qualifications such as licensing or bonding. The agent should be at least 18 years of age. You may need to hire an agent, if you are forming a company in a state where you don’t have a physical address.
