Legal Question in Business Law in Arizona

LLC annual Statutory Agent fee

I have a small LLC business selling online greeting cards.

We are in the process of letting it phase out, but don't want to dissolve it. I called the attorney to see about cancelling the annual Statutory Agent service fee (they provide NO service to us other than keeping our file) and was told we could dissolve the business and file papers to that effect (with a higher fee than the annual fee) or act as our own agent which he discouraged. Do you see any legal issues with us being our own agent... especially when we have very little business? Thank you...


Asked on 3/12/09, 6:48 pm

2 Answers from Attorneys
Donald Scher Donald T. Scher & Associates, P.C.

Re: LLC annual Statutory Agent fee

No, you can act as statutory agent.

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Answered on 3/12/09, 7:39 pm
Donald W. Hudspeth The Law Offices of Donald W. Hudspeth, P.C.

Re: LLC annual Statutory Agent fee

Acting as your own statutory agent means having a warm body at the physical address of the business to accept service of process if the LLC is served with a complaint or other papers. It also means mailings from the Corporation Commission that you may not get, due to an address change or mistake, might get to your Statutory Agent, who could then contact you to inform you of the problem. This law office acts as a statutory agent for hundreds of corporations and LLCs and charges nothing yearly for the entities we have formed, and I think a one-time fee of $75 for ones we haven't, as long as the mail and phone calls are not above normal. You need to consider carefully before eliminating your limited liability protection while still doing business.

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Answered on 3/12/09, 8:15 pm


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