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Further
Reading ...
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The New Ways To Do The Business: MBA or CIO? - J C Melo
The old and standard business administration concepts included in any current MBA program are very important, but today the companies are very different. This new situation strong demands a new MBA program including the General Control Theory,...
Debt and financial optimism in the UK continue. - Richard Green
With £1.3 trillion pounds worth of debt in the UK, Scotland’s Citizens Advice Bureau ( http://www.cas.org.uk/ ) has welcomed a new Bill to regulate lenders and protect borrowers from creating un-repayable levels of personal debt. Chief executive...
Internet Marketing; The New Frontier - Lanard Perry
If you've spent any time on the Internet recently you know, even if only subconsciously, that web based "work from home" opportunities are a dime a dozen! But I bet you don't know that there are more than 15 million programs to chose from! In...
PR Going According to Plan? - Robert A Kelly
Think carefully! You’re a department, division or subsidiary manager for a business, non-profit or association and you really need to achieve your operating objectives. But even a yes response to the headline above leaves the really big...
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Going Public Comparison Chart
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Written By:
William Cate
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Going Public Comparison Chart
By William Cate
http://home.earthlink.net/~beowulfinvestments/
U.S. Securities and Exchange Commission (SEC) regulatory compliance requirements are directly related to the costs of taking any private company public and being a public company in the United States.
For U.S. Domestic companies, attorneys and accountants must put their careers and firms at risk in doing a SEC filing for any company. They will charge their clients in accordance with that risk. Because Non-US company filling requirements don't require an attorney to accept responsibility for the content of a SEC filing and because the accountants aren't required to use GAAP and thus aren't as liable should there be errors in the audit, the costs of professional services are far lower.
The annual filings for a US Domestic Company are more numerous and require attorney and accountant liability for the content of the SEC documents. For these reasons you can take public and maintain the registration for a Non-US company for about one-tenth the costs of taking public and maintaining the registration of a US Domestic Company.
US Domestic Companies Non-US Companies
Initial Registration Initial Registrat
SB2* requires GAAP 20F no GAAP audit audit and attorney and no requirement
responsibility for attorney
for document responsibility
content. for document
* Least regulatory
onerous content.
US Domestic SEC filling form.
Annual Filings Annual Filings
10K requires GAAP 20F no GAAP audit and
audit and attorney no attorney
continued below ...
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/>responsibility responsibilty for
requirement for document
content.
Three 10Q requires There are no other Attorney liable required SEC for document responsibilities forcontent a Non-US Company
Annual Shareholders
Report
Annual General Meeting
Private Placements
Shares Held Shares Held
for one year. for 42 days.
Stock Sale Report Stock Sale Report
Yes No
It is far easier to raise Private Placement money for a company when the required hold period is 42 days rather than one year. The non-US private placement investors are at far less risk of losing their risk capital. They are in a position to make a profit in less than one-sixth the time of an investment in a US Domestic Company. However, both US Domestic and Non-US Firms are subject to US Full Disclosure requirements and investment fraud is a felony in the United States no matter the jurisdiction of incorporation of the company.
If you are the CEO or CFO of a private Non-US Company seeking Private Placement investment or if you are a US Domestic Company seeking to become a multinational corporation, I can help you go public in the United States. Email me at Beowulfinvestments@Earthlink.net
About the Author
He has been the Managing Director of Beowulf Investments [http://home.earthlink.net/~beowulfinvestments/] since 1981 and is the Executive Director of the Global Village Investment Club [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]
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Drive away the car of your dreams - Ria malhotra
Everyone has a dream of buying car these days. It is in the human nature to ant more and more than we need or can afford. There is always wide range of cars in the market and all offers high technology systems and handling better performance and...
Venture Capital Math - William Cate
Venture Capital Math By William Cate [http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/] Venture Capitalists (VC) and Angel Investors are betting against the odds....
What's your clutter keeping you from? - Linda Dessau
What's your clutter keeping you from? By Linda Dessau, the Self-Care Coach So you might be asking – what is clutter and why should I care about it? Clutter is essentially anything you don't need, don't want and get no joy from seeing. There might...
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