The Las Vegas Business Press published the first of two articles about the Nevada incorporation and resident agent industry this week. I am quoted extensively - although not entirely accurately - in the article as the result of my role as the president of the Nevada Resident Agent Association.
Generally, the article is positive - although it significantly overstates the problems within the industry.
A few years ago, there was a bill before the Nevada legislature that proposed to regulate the resident agents in the State. That bill was brought by the Nevada Bar Association as one of those "Attorney Full Employment Act" measures that the legal profession is deservedly known for. During those hearings a couple of legislators asked a series of questions to help them understand the scope of the need for this new regulatory body.
Q: (Addressed to the Secretary of State's office) "How many complaints do you receive every year about resident agent activities?
A: "Very few. Most of the complaints we receive come from resident agents complaining about other resident agents."
Q: (Addressed to the Bar Association): "How many complaints does the Bar receive every year about attorneys?"
A: "Thousands."
End of hearing. Regulatory bill dead.