Page 124 of Head Room
“Wait, I know this,” she said to my surprise.“Agents, right?”
“Registered agents,” I confirmed.“Some represent their own Wyoming business.Or if one person in a business has Wyoming residence, that person can register even if the business is elsewhere.That scenario has not presented issues that I’ve heard of.”
“But...?”Diana prodded.
I held up a finger to make her and the others wait.
CHAPTER FORTY-EIGHT
“There are commercialregistered agents who have to go through a process with the state.Some are attorneys or CPAs.Those aren’t, in general, the people we’ll talk about, either.They have other professional standards they need to keep.We’ll come back to the other commercial registered agents in a second, but first...
“The requirements to be a non-commercial registered agent are to have a physical address in Wyoming, be at least eighteen years old, keep basic information on the businesses they represent, and be available at the registered office address during business hours to receive legal papers and such.”I paused.
They all stared at me.
“That’s it?That’s all the requirements?”Diana asked.
“Yes.”
“Eighteen, have a physical address, keep certain information, and be there to receive legal papers—”
“If any come,” I inserted to Jennifer’s recap.
“—and that’s a job?What a racket.”
“They usually don’t charge a lot, say less than a hundred a year.So with ten clients—”
“But for doing nothing.”
“Where the money piles in is for the commercial registered agents.Five hundred businesses registered to one address in Lander, eight hundred to one address in Sheridan.Heck, Sheridan racked up almost seventeenthousandregistrations in nearly a blink, when its population is less than twenty thousand.”
“A chicken in every pot and a business for every resident,” Mike said.
“Pretty close.Some of the registrations are for ordinary, legit businesses.Some are not.”
“Ah,” Mike breathed, “now we’re getting to it.”
Diana narrowed her eyes at me.“Maybe.”
Innocently, I said, “Some add another layer by using real addresses of real Wyoming businesses.Then, bam, the legit business gets a notice or a legal paper, and the onus is on them to prove they’renotthis other company.Owners of the legit Wyoming businesses are responsible for the time, expense, and hassle of proving the other business isn’t them.”
“Nasty.”
“Oh, yes.A hair salon owner, a 95-year-old man, the town of Shoshoni, a college, and an empty lot, which happened to be behind the real business belonging to — you’ll love this — a state senator.All piggybacked by non-legit businesses.
“A few county assessors have helped residents who discover a stranger has claimed their address as their own, but it takes time and skill.Not all assessors have the resources and the will.”
“Cottonwood County?”Mike asked.
“Haven’t found evidence of that happening here yet.”
“Go on, Elizabeth,” Mike said.Did he sound strained?Or was that weariness?
“I thought you’d never ask.Remember, there are legit out-of-state businesses registering in Wyoming.But there are also decidedly not legit businesses taking full advantage of this system.Scammers — big, small, and in between.Especially cyber scammers.Whether they go directly for money or peddle disinformation and get paid for thatservice, they like having a U.S.address to hide behind.”
“But these registered agents—” Jennifer started, then stopped abruptly as reality caught up with her idealism.
I nodded.“As one commercial registered agent said, they’re not in the business of policing their clients.”
Table of Contents
- Page 1
- Page 2
- Page 3
- Page 4
- Page 5
- Page 6
- Page 7
- Page 8
- Page 9
- Page 10
- Page 11
- Page 12
- Page 13
- Page 14
- Page 15
- Page 16
- Page 17
- Page 18
- Page 19
- Page 20
- Page 21
- Page 22
- Page 23
- Page 24
- Page 25
- Page 26
- Page 27
- Page 28
- Page 29
- Page 30
- Page 31
- Page 32
- Page 33
- Page 34
- Page 35
- Page 36
- Page 37
- Page 38
- Page 39
- Page 40
- Page 41
- Page 42
- Page 43
- Page 44
- Page 45
- Page 46
- Page 47
- Page 48
- Page 49
- Page 50
- Page 51
- Page 52
- Page 53
- Page 54
- Page 55
- Page 56
- Page 57
- Page 58
- Page 59
- Page 60
- Page 61
- Page 62
- Page 63
- Page 64
- Page 65
- Page 66
- Page 67
- Page 68
- Page 69
- Page 70
- Page 71
- Page 72
- Page 73
- Page 74
- Page 75
- Page 76
- Page 77
- Page 78
- Page 79
- Page 80
- Page 81
- Page 82
- Page 83
- Page 84
- Page 85
- Page 86
- Page 87
- Page 88
- Page 89
- Page 90
- Page 91
- Page 92
- Page 93
- Page 94
- Page 95
- Page 96
- Page 97
- Page 98
- Page 99
- Page 100
- Page 101
- Page 102
- Page 103
- Page 104
- Page 105
- Page 106
- Page 107
- Page 108
- Page 109
- Page 110
- Page 111
- Page 112
- Page 113
- Page 114
- Page 115
- Page 116
- Page 117
- Page 118
- Page 119
- Page 120
- Page 121
- Page 122
- Page 123
- Page 124 (reading here)
- Page 125
- Page 126
- Page 127
- Page 128
- Page 129
- Page 130
- Page 131
- Page 132
- Page 133
- Page 134
- Page 135
- Page 136
- Page 137
- Page 138
- Page 139
- Page 140
- Page 141
- Page 142
- Page 143
- Page 144
- Page 145
- Page 146
- Page 147
- Page 148
- Page 149
- Page 150
- Page 151
- Page 152
- Page 153
- Page 154
- Page 155
- Page 156
- Page 157
- Page 158
- Page 159
- Page 160
- Page 161
- Page 162
- Page 163
- Page 164
- Page 165
- Page 166
- Page 167
- Page 168
- Page 169
- Page 170
- Page 171
- Page 172
- Page 173
- Page 174