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The JOBS Act changed this rule [0]: "In order to mandate becoming an SEC reporting company, you now would have to have $10 million in assets and at least 2000
by jdavis703 9y ago
The JOBS Act changed this rule [0]:
"In order to mandate becoming an SEC reporting company, you now would have to have $10 million in assets and at least 2000 shareholders or 500 shareholders who are not accredited investors. Stock issued pursuant to an employee compensation plan would not be counted for this purpose."
0: https://investmentbank.com/summary-of-jobs-bill-and-update/ https://investmentbank.com/summary-of-jobs-bill-and-update/