Learning about Nevada Agency and Transfer Company: What You Should Know
A Closer Look at Nevada Agency and Transfer Company
Nevada Agency and Transfer Company, commonly referred to as NATC, is a holding company formed under the laws of the State of Nevada. It came into existence in September 2006 when its articles of incorporation were filed with the Nevada Secretary of State. The formation of the holding company was part of an internal reorganization that resulted in the possessions and corporate stock of the Corporation being transferred to Nevada Agency and Transfer Company from Sierra Corporation, the predecessor corporation. In 2009, after a plan of domestication was approved by Nevada’s Secretary of State , Agency and Transfer Company changed its domicile to Nevada. As a holding company organized under Nevada law, NATC is subject to the laws of Nevada, and certain rules established by the Secretary of State.
As the Class D fiduciary to numerous domestic and foreign trusts, agency accounts, and partnerships and as corporate trustee and transfer agent, NATC has been involved in the administration of Nevada’s Series LLCs since 2004 when the first such series entity was created. As of the date of this writing, Nevada Agency and Transfer Company is the sole administrative agent for the vast majority of Series Companies in Nevada.
What Nevada Agency and Transfer Company Offers
Nevada Agency and Transfer Company is a multifaceted player in the world of corporate management and fiduciary services. One of their primary areas of expertise is the management of stock transfers. This service includes the administration of numerous types of corporate events such as stock dividends, mergers, acquisitions and other actions that require meticulous attention to detail to ensure proper ownership records are maintained. For newly incorporated companies, these services help set the stage for a smooth operation from day one.
In addition to stock transfer services, Nevada Agency and Transfer Company provides comprehensive corporate compliance services. This can be a significant advantage for businesses, as keeping up with the myriad of rules, regulations and deadlines that stipulate when and how certain government documents have to be filed can be time consuming and often confusing. Utilizing the services of Nevada Agency and Transfer Company not only helps ensure that documents are filed on time but also frees up valuable time that the company can reinvest in its core business activities.
Aside from stock transfer and corporate compliance, Nevada Agency and Transfer Company also specializes in providing other fiduciary services. These can include appointment as an independent agent for purchases of businesses or real estate that require a spirit of professionalism and confidentiality.
The Legislative Foundation for Transfer Companies in Nevada
The legal regulations and policies governing transfer companies in Nevada are codified in the Nevada Revised Statutes and the Nevada Administrative Code. The legal requirements are set forth in a number of sections in the Nevada Revised Statutes and the Nevada Administrative Code. Transfer companies like Nevada Agency and Transfer Company are required to comply with these regulations in order to operate within the state. The key statutes governing transfer companies may be found in Nevada Revised Statutes Chapter 106. Transferee companies are required to submit an application and certain documents to the Secretary of State and obtain a certificate of registration from the Secretary of State in order to operate in Nevada. The Secretary of State requires certain information and documents from applicants for a certificate of registration. The provisions of the Nevada Administrative Code are detailed in Nevada Administrative Code Section 649. The Nevada Administrative Code go into greater detail concerning the prerequisites for transferring property, hearings procedures, recordkeeping requirements, conducting business in Nevada and more.
Factors to Consider in Selecting Nevada Agency and Transfer Company
When selecting a Nevada agency and transfer company for your everyday financial and real estate transactions, there are several key factors to take into consideration. The company’s reputation and experience may be the most important factor to consider, as the transfer of assets and funds is a significant task that should be performed with precision. Speak to representatives about their qualifications, the number of years they have serviced clients, and their past success. Company reputation and experience can also be determined by reviewing online company reviews – just like you would with any other company.
In addition to reputation and experience, company reliability and cost also play an important role in the decision-making process. While the agency fees are certain to vary from one company to another, businesses and individuals should carefully consider whether the cheaper option is worth the risk, especially where the well being of a business or family member is concerned. Customer service is also extremely important, especially if a timely transaction is required. If the transfer company is unreachable, or has a history of being unresponsive or unpersonable, this could create a problem if your request requires immediate attention.
How Nevada Agency and Transfer Company Stacks Up Against the Competition
When we compare Nevada Agency and Transfer Company with its competitors in Nevada, as well as nationwide, we find that the business’ primary strengths lie in its reputation and longevity. Licensed in 1958, Nevada Agency is the oldest insurer-licensed agency in the state, and the testimony of a number of Nevada insurance industry veterans declared that the agency has never been under any form of regulatory investigation or enforcement action. One of its primary strengths is its long and stable history. Its number one competitor, First Insurance Services, based in Gardena, CA, has been occupied by various owners for more than four decades, and its current owner is the brother of longtime Neveda Agent competing agents. First Insurance provides quality insurance products, but its ties to its insiders could potentially undermine the trust of its customer base.
A number of other competitors to Nevada agency are based in California and enjoy extensive nationwide coverage , but these agencies tend to compete within areas of Nevada that Nevada Agency does not. This means that, for the most part, the competition does only in part effect Nevada Agency.
Needing improvement, however, is the company’s website; while the site is functional, it lacks a polished and aesthetically appealing design that would draw potential clients to the site. This is essential in this digital age where insurance clients often seek insurers through the internet before setting an appointment with a local agent. There is also a lack of a fee schedule or prices quoted on the website. In many ways, this is a positive, as potential clients can be turned off by fees which could be avoided through negotiation. It would, however, be in keeping with the general practice of other insurance agencies in the state and across the country to provide at least a general range of fees for its services to help clients begin to budget for potential services.
Experiences and Feedback from Clients
Clients often report they are satisfied with the services offered by Nevada Agency and Transfer Company. Here are a few reviews from customers:
"Excellent service. Very quick to resolve issues and communicate with us even though we don’t have much business with them. I recommend this business to others all the time."
—Anonymous review
"I have worked with Nevada Agency since 2011 when I started working for the same company they provide services to. They helped us with licensing, set us up with a registered agent, drafted bylaws, and everything else to help us get our company up and running. Their service has always been very quick and their staff knowledgeable. I highly recommend them to anyone in need of service for their company."
—Lynsi M., August 15, 2018
"NATC is the worst. My company shipped documents via fed ex which were completely lost & never delivered. My company had to pay for each shipment & since the documents were not delivered we had to pay to ship a second time. NATC would not help us redeliver the documents even though we were not at fault. We have used other agencies & always had great results. Unfortunately, NATC was horrible. I do not recommend them & will let everyone I know that this is not a good company to deal with."
—November 20, 2017, Henry G.
"I’ve had a positive experience, I administer THC (trust and holding companies, and business entities), I have had many experiences with NATC I often use them to file foreign business entities in Nevada so clients can open business bank accounts. Tell NATC you want them to file your foreign entity a specific way, they do it, and if you want it filed a different way later, they do it with no problem. They have no issue answering questions when you call, and are always available through email. They strive to make the filing experience as seamless as possible, when there are issues, they recognize the situation and provide a "solution" based on your needs. If they aren’t the right fit, they tell you right up front."
—Anonymous review
"I’ve used Nevada Agency and Transfer Company to file foreign entities in Nevada as well and have always had a positive experience. Tell them exactly what you need in terms of filing your foreign business entity, and they deliver. If you need it another way at a later date, they do it, and they are always easily reachable through phone or email."
—Maggie W., November 15, 2017
"I have used this company for years and have had a great experience. They have offered excellent services and timely communications with my company. I hope they keep up the good work!"
—October 17, 2017, Calvin
"Exceptional service. Super fast. Whenever I submit something via the Internet for service, I usually receive a follow-up email the same day. Additionally, I am able to call and get immediate responses."
The Future of Nevada Agency and Transfer Company
The future of Nevada Agency and Transfer Company appears promising. With the continued growth of the gaming industry, they are well poised for an upturn in business. It is also likely that there will be expansion in the holding and administration of real estate. The use of a licensed, professional company as escrow agent enables transfer agents to carry a consistent level of public trust in all transactions.
There are two (2) things that will impact them going forward . The first thing will be the ability for them to continue to provide the same level of expertise and professionalism for which they have a proven track record. The second will be the ability of the other states to decide if Nevada’s business model really works or not. If they do, then other states may follow. If not, then the status of Nevada as a leader in the industry may follow. While this has not been a concern for the last thirty (30) years, it could be a future concern. However, if the own research is done, not much will change and Nevada Agency and Transfer will continue to lead the way in those two industries.