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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
The principal is simply the person -- or group of people -- who authorizes an agent to act on his behalf. The principal is who gives the agent his authority to act and to make decisions. The principal does not typically make day-to-day decisions himself, but is legally the owner of the business and can give direction to the agent acting on his behalf.