Quote:
Originally Posted by rpatton3
The SEC regulators, attorneys, auditors and reporting requirements are very expensive.
To trade on stock exchanges, with public shareholders, is very expensive in legal and accounting bills. 10-K and 10-Q forms are required for public companies.
Public companies can still be shady like Enron, et al.
There are very large privately-held companies like Edelbrock. It went public and eventually returned to private ownership.
This is about all a retired old CPA can type on an iPhone without getting a smart guy to help out.
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Ahhhhhh, thank you. I appreciate the "Accounting 101" meets "SEC Regulations" lesson. Might as well throw a few FASB's at me too while you're at it.
My point was: small is relative.