Who Is Responsible for Business Filings If Something is Missed?
This is an uncomfortable but important reality.
Legally, the responsibility for business filings ultimately rests with the business owner - even when advisors or services are involved.
That’s Why:
Engagement letters matter
The scope of services should be confirmed
Monitoring entity status is essential
This does not mean business owners must do everything themselves. It means they must understand who is responsible for what.
A clear role protects everyone involved.