Statutory Agents Changes
More types of entities will be able to serve as statutory agents for businesses registered in Ohio.
SB 98, which goes into effect on May 20, 2014, expands the list of entities able to be statutory agents to include:
- limited partnerships;
- limited liability partnerships;
- limited partnership associations;
- professional associations;
- business trusts and
- unincorporated nonprofit associations that have a business address in this state.
All entities must meet the filing requirements of Title 17 of the Ohio Revised Code that allow them to transact business in this state if they wish to serve as a statutory agent.
The types of business entities affected by this change are:
- Corporations of all types (domestic, foreign, for-profit, non-profit, cooperatives, professional associations);
- LLCs (domestic and foreign);
- Unincorporated nonprofit associations;
- Business Trusts;
- Real Estate Investment Trusts;
- General Partnerships;
- Limited Liability Partnerships (domestic and foreign);
- Limited Partnerships (domestic and foreign).
Click here for more information on statutory agents.