Registering Your Initial Public Offering with the SEC

Depending on the size of your company, you may also be required to file occasional reports with the SEC after the end of the first fiscal year. You will be required to provide updates if:

• your company has more than 300 shareholders of the class of securities offered, or
• your company has more than 500 shareholders of the class of securities offered and more than $10 million in total assets for each of its last three fiscal years.

One final caveat: Once you file your SEC registration, the information contained therein becomes a matter of public record. Anyone who has applied for and been granted access to the SEC's EDGAR database can access this information. For this reason and others, you should enlist the help of an attorney and an investment bank. They can help you complete your filings to satisfy SEC requirements while balancing your need for corporate privacy.