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In United States business law, a registered agent, also known as a resident agent or statutory agent, is a business or individual designated to receive service of process when a business entity is a party in a legal action such as a lawsuit or summons. The registered agent's address may also be where the state sends the paperwork for the periodic renewal of the business entity's charter. The registered agent for a business entity may be an officer or employee of the company, or a third party, su
A Special Purpose Entity (SPE) is a legal entity usually a limited company of some type created to fulfill narrow, specific or temporary objectives.SPE's are typically used by companies to isolate the firm from financial risk.A company will transfer assets to the SPE for management or use the SPE to finance a large project thereby achieving a narrow set of goals without putting the entire firm at risk.SPEs are also commonly used in complex financings to separate different layers of equity infusion.PE's are typically used by companies to isolate the firm from financial risk. A company will transfer assets to the SPE for management or use the SPE to finance a large project thereby achieving a narrow set of goals without putting the entire firm at risk.