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The SEC is not a registry of all businesses in the US. The SEC concerns itself with business that sell shares to the public; this would not cover (for example)
by sib 1y ago
The SEC is not a registry of all businesses in the US. The SEC concerns itself with business that sell shares to the public; this would not cover (for example) a single-member LLC that a software developer might use.
In the US, businesses are chartered and registered by the states, not the Federal government. There is no Federal equivalent to the UK's Companies House.
- ggm 1y agoWhich in itself is quite bizarre. You are of course right about the SEC although private companies raising debt securities fall under its role.