IANAL, but IIRC, once you have over a certain number of shareholders (and it's somewhere in that neighborhood), you are effectively a public company. Which mea

IANAL, but IIRC, once you have over a certain number of shareholders (and it's somewhere in that neighborhood), you are effectively a public company. Which means you get screwed by SarbOx. (And you've already had your "IPO", so there goes even more money).