
How Funding a Trust Works, and Why It Matters
Setting up a Trust creates the container for the assets, and funding it is how the assets actually get into the Trust.

Editor's note: This post was originally published March 8, 2022, and has been updated for accuracy, comprehensiveness, and freshness on April 24, 2026.
If you’re starting an LLC, one of the earliest decisions you’ll need to make is choosing a registered agent. But for many new business owners, the term “registered agent” raises immediate questions: What is it exactly? Do I need one? And what do they actually do for my business?
Here’s what you need to know.
A registered agent (also called a resident agent or statutory agent in some states) is the person or company authorized to receive official legal documents on behalf of your LLC. This includes service of process (legal notices and lawsuits), official government correspondence, and compliance-related documents like annual report reminders.
Every state that requires LLCs to have a registered agent specifies that the agent must have a physical street address in that state—not a P.O. box—and must be available during regular business hours to accept documents.
Depending on your state’s requirements, your registered agent can be:
Many LLC owners choose a professional service for privacy reasons, since the registered agent’s address is typically listed on public records.
A registered agent’s primary job is to be a reliable, consistent point of contact for official legal and government correspondence. Practically speaking, they:
Missing a lawsuit or compliance notice because your registered agent wasn’t available or you moved without updating the address can have serious consequences for your business.
In most states, yes—having a registered agent is a legal requirement for LLCs and corporations. Even in states where it isn’t strictly required, having one is a strong best practice. Without one, important documents may not reach you in time, potentially leading to default judgments in lawsuits or penalties for missed state filings.
Being your own registered agent is allowed in many states, but it has trade-offs. Your address becomes public record, you must be available at that address during all business hours, and you risk missing documents if you’re traveling or relocating. For these reasons, many small business owners prefer to use a third-party registered agent service or an attorney.
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Yes, you can change your registered agent at any time. Simply file a form with your state’s Secretary of State’s office. There’s usually a minimal fee.
You appoint a registered agent by naming them on your business formation documents. You can appoint a new agent by filing a Change of Agent or Statement of Change form with the Secretary of State. The registered agent you select should consent to serving as your agent, and such consent may have to be filed with your formation documents.

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