When Must Privately Held Companies File with SEC

When Must Privately Held Companies File with SEC

Private companies are required to file reports with the Securities and Exchange Commission (SEC) if they meet these criteria:
  1. Companies with more than $10 million in assets whose stock is held by more than 500 owners; or
  2. Companies that have made a public debt offering.

    • Related Articles

    • Authorized Capital Shares vs Issues (Common) Shares

      Issued shares are the shares sold to and held by investors of a company (thus a certain number of shares MUST exist). Issued shares (aka common stock) capital is simply the monetary value of the shares of stock a company actually offers for sale to ...

    • Will A 'Closely Held Corporation' Affect The Status of The Corporation / LLC

      No, this status called a 'closely held corporation' is merely a corporation owned by an individual or small group of shareholders (often of the same family) with the majority of its shares owned by a few individuals. In other words these shares are ...

    • What States Offer No Par Value Stock

      The following states have passed legislation authorizing the issue of no par value stock: Alabama, California, Colorado, Delaware, Idaho, Illinois, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, ...

    • Where Should Public Assets (Accounts, Stocks, Bonds) Be Held

      Funds in the public realm are typically held in an Operating Trust, which is a public entity itself. Further,  one can have multiple Operating Trusts.

    • Must Par Value Be Legally Set at $0.01 When Filing

      Par value is an open interpretation of what a stock's value should be. This is usually set at a minimal amount, such as $0.01 per share, since some state laws still require that a company cannot sell shares below the par value (i.e. $0.0000001). By ...