Public Company A company that either has conducted and completed a public offering or has otherwise become a reporting company. May include either a company that has completed a public offering but is not a reporting company or a company whose shares do not trade. Or, any company that files a Form S-1 with the SEC and raises money from the public. Any company with 300 or more shareholders as defined in the U. S. 1933 Securities Act and elects to become a reporting company. Under the U. S. 1934 Act, any company with 500 or more public shareholders or a company with some public shareholders and assets of $5 million dollars must become a reporting company. A public company is a reporting company. The company must file Form 10K and forms 10Q every year with the SEC.
Welcome to our Legal Directory Legal & Compliance, LLC is a national corporate and securities law firm that focuses on the specific needs of OTCBB and Bulletin Board Companies. Focus areas include but are not limited to: Contact us immediately for a complimentary initial consultation. Laura Anthony, Founding Partner
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