This is a commonly held belief but is false: > Companies with more than $10 million in assets whose securities are held by more than 500 owners must file annua

This is a commonly held belief but is false: > Companies with more than $10 million in assets whose securities are held by more than 500 owners must file annual and other periodic reports. http://www.sec.gov/about/laws.shtml http://www.sec.gov/about/laws.shtml The reason people believe that it forces companies to go public is because, in many cases, the incremental cost to going public (above and beyond the filing) is insignificant compared to the advantages.