Pursuant to Senate Bill 60 (SB60) of the 2013 Regular Session of the Nevada Legislature, effective October 1, 2013, any registered agent with 10 or more represented entities is considered a commercial registered agent and must register with the Secretary of State by filing a Commercial Registered Agent Registration Statement. Existing Commercial Registered Agents must also provide the Secretary of State with the information required in the Commercial Registered Agent Registration Statement.
The completed form must be mailed to 202 N. Carson Street, Carson City, NV 89701 and must be submitted no later than October 31, 2013 for existing RAs and within 30 days of reaching the 10-entity threshold. Failure to return this required form may result in further action including revocation of the authority to serve as a registered agent. There is no fee for the initial filing of the Registered Agent Registration Statement.
Once filed as a Commercial Registered Agent an agent will receive monthly electronic notification of all entities due for that filing period and will have access to pre-populated lists that may be electronically forwarded to your clients. A change of information registered in the Commercial Registered Agent Registration Statement (name, address, etc.) may be done by submitting a single Statement of Change by Commercial Registered Agent form and only one filing fee. Such a change will be reflected on each Entity represented by the Agent without further action.
Additional advantages of being a Commercial Registered Agent:
Significant cost-savings: If you need to change your address and name, only one form and one fee is required to update the information on all enitities you represent (without an officer's signature) as opposed to one form (requiring an officer's signature) and one fee per entity. For example, a non-Commercial Registered Agent would pay $1,200 to update their information on 20 entities as opposed to one $60 filing fee for a Commercial Registered Agent.
A simplified form
Access to past email notifications and pre-populated lists
Represent your clients as a Commercial Registered Agent
Commercial Registered Agents must provide their full legal name as filed with the Secretary of State and disclose all DBAs, fictitious firm names and websites or domains by which the commercial registered agent will do business in Nevada.
The commercial registered agent must also provide the name and contact information of an individual who has the authority to act on behalf of the commercial registered agent, meaning a natural person who is a manager, owner officer, director or other natural person with decision-making authority in the day-to-day operations of the commercial registered agent.
Senate Bill 60 also requires a declaration that the person registering as a commercial registered agent or each director, officer or managing agent of a commercial registered agent has not been convicted of a felony, and if convicted, has had his or her civil rights restored, or had their ability to serve as a registered agent denied or revoked by appropriate authority of this state or another state or enjoined by a court of competent jurisdiction from serving as a registered agent because the individual engaged in conduct as a registered agent that was intended to or likely to deceive or defraud the public.