A transfer agent is a business that manages transactions and change of ownership for a company’s shares while keeping track of ownership distribution. Tracking typically involves canceling the previous shareholder’s name and certificate and substituting it with the name of the new owner on a cap table. These services often include fund accounting services as an extension of ownership tracking.
A Business Partner
Handling ownership and managing cap tables without professional online software and a compliance partner and can be involved and take up a good part of the day. But new to late-stage private companies operating with a combination of comprehensive management services and client access to an online platform will receive several benefits:
- Savings through the use of electronically-tracked book-entries
- Elimination of valueless tasks, yielding savings in terms of time and stress
- Assistance with company offerings, including issuance, distribution, escrow, professional transfer agency and closing.
- Comprehensive and formatted cap table software with complete reports covering investor data.
- Investor logins for tracking investments
- Online cap table that includes stock issuance, investor reports, exercises and grants for options, proxy reporting and vesting schedules while minimizing errors and maintaining compliance with innumerable regulatory demands.
- Service through a single private company transfer agent and cap table compliance manager, cutting down on business management factors and providing the perspective needed to engineer small and large changes in a company’s development.
- Up-to-date encryption and security tech.
- Cap table software issuance, including common stock, preferred stock, warrants, units, options and more
- Real-time updates
- Help with state and SEC filings, including Reg D private offerings
A Software-Enhanced Transfer Agent
An experienced Salt Lake City UT area private company transfer agent will be able to consistently update and organize a new to late-stage company’s cap table while keeping it compliant with SEC, IRS and UCC regulations, giving leadership time to focus on a business strategy. For low monthly fees and free setup, contact Equity Track at (801)-433-9925 or online at https://www.equitytrack.co/ today.
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