If you are a business owner who doesn’t know what a Public Company Transfer Agent does, you are not the only one. Many professionals are unfamiliar with what such an agent does. However, it is important to understand this role in case you ever need to use one. Learn how a public transfer agent provides value to your firm.
The Basic Responsibilities
You’re most likely to find a transfer agent working for a public company that has shareholders. These agents help keep track of the reporting obligations, record keeping and required communications. These are duties that every public company could use help with.
Working With Records
As you likely know, state, federal and SEC rules have strict record keeping requirements. It can be hard for the average company to keep up with it all. A public company transfer agent can provide the necessary support in this area. These agents track and update shareholder records and dividend payments. This is an important process for all companies.
Help With the Regulations
SEC rules and regulations are in a constant state of change. Thus, it is very time consuming to keep up with the latest requirements. Public transfer agents make it their business to be knowledgeable in this area. You can take advantage of their expertise to ensure that your company remains in compliance.
IPO Assistance
One more area where transfer agents are relevant is with IPOs. In these situations, the agent works to make sure that the IPO runs as smoothly as possible. In most cases, the agent continues to work with the company after the IPO to perform the duties discussed above.
Make the Right Choice
By now, you should realize that you need to use a public company transfer agent. Yet, there are many choices when it comes to hiring one. Be sure to fully research an agency before beginning the business relationship.
For more assistance with hiring a public transfer agent, contact EquityTrack at https://www.equitytrack.co/.
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