Statutory agent services for landlords and businesses

Professional Statutory Agent services for landlords:

 

Out-of-State Owners:  All “owners” of Arizona residential rental property (includ-ing mobile home parks), who live outside of Arizona MUST appoint and maintain an in-state statutory agent.  The law provides mandatory fines for failing to comply (see below).  “Owner” includes every corporation, limited liability company, part-nership, limited partnership, trust, or real estate investment trust that owns residential rental property (including mobile home parks).  Each of these entities already has a statutory agent (must be appointed when business entity is first formed), but additional information is now required to be sent to the County Assessor's Office (not the Corporation Commission or Secretary of State).  Your current statutory agent may charge an additional fee for this service.  Now is a good time to compare your annual statutory agent fee (see below for fee schedule).

 

Failure to Comply with the new law results in $1,000.00 fine, plus $100.00 fine per month.  The exact language of the law states: "A person who fails to comply with any provision of this section shall be assessed a civil penalty of one thousand dollars, plus an additional one hundred dollars for each month after the date of the original violation until compliance occurs.  The court shall not suspend any portion of the civil penalty provided by this sub-section."  See A.R.S. Section 33-1902(E).

 

Professional Statutory Agent services for businesses:

 

• Corporations
• Limited Liability Companies
• Partnerships (general or limited)
• Trusts
• Real Estate Investment Trusts (REIT)

 

Every corporation, limited liability com-pany, partnership, limited partnership, trust, or real estate investment trust must have a statutory agent when the entity is formed and must maintain a statutory agent while the entity exists.

 

Some statutory agent services charge $100 to $120, or more, per year.  We charge only $55.00 per year, plus nominal charges to forward notices served on the statutory agent (if documents are received and forwarded -- see Fee Schedule, below).

 

 

 

LANDLORDS

BUSINESSES