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Finance: What is Consent To Service Of Process? 156 Views


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Description:

What is Consent To Service Of Process? A Consent to Service of Process is basically a Power of Attorney type of relationship established between an individual and a company so that the company has the authority to accept legal documents on behalf of the individual.

Language:
English Language

Transcript

00:00

Finance a la shmoop what is consent to service of process alright well it's [Woman appears on stage]

00:09

like when you in tone ironically so sue me and they do or at least they can

00:15

well this phrase consent to service of process is a legal acceptance of

00:20

financial responsibility when you set up your company in whatever form in [Women discussing company matters]

00:25

whatever given state that is when you consent to being served lawsuit papers

00:32

at your address of record it makes it all the easier for well whoever to sue [Lawyer gives woman a lawsuit]

00:37

you they don't have to hunt you down in the woods or wait for you to show up at

00:41

your PO-- box or to try to ID you in a you know Where's Waldo drawing it's hard [Waldo appears in a crowd and runs away]

00:47

to do well all they have to do is send what's called a process server basically

00:51

registered mail who identifies you and then he you know takes a selfie of [Man takes a selfie with a woman]

00:56

himself serving you papers ie handing you an envelope stating that you are

01:00

being served well the state had to require this consent because too many

01:05

deadbeat companies absconded with unpaid bills unserved responsibilities in

01:12

contracts and other omissions that finally force the government to say

01:16

enough if you want to do business in our neck of the woods then you'll consent to [Government working demanding consent]

01:20

being sued easily and being served yeah don't worry it only hurts the first time

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