Friday, November 20, 2015

Need to File 10Qs on Veteran’s Day & All Week?

Edgar Agents will be open 24 hours on Veteran’s day and all this week, including weekends, to help with your 10Q filings due November 16, at no extra charge to you. No matter how far along you are in preparing your 10Q Forms, Edgar Agents can help you quickly expedite the filing process. We offer exceptional Edgar and XBRL conversions, which are reviewed by experienced industry professionals for accuracy and compliance. Our fast turn-around time will ensure that your Form 10Qs will get filed with the SEC on schedule. Always open 24 hours, 7 days a week, including weekends and holidays, you can count on Edgar Agents to deliver quality service every time. Because we offer a personalized approach, we provide the best custom-designed packages for your specific needs and budget. Our team of experts have been working with the EDGAR System since its inception. And, we will help you stay aware of new regulations that may require any additional disclosures or accelerated filings. Our in-house CPAs and XBRL specialists will work closely with you to help you easily manage every step of the process. We review and analyze your financials by applying the SEC compliant taxonomies to your company documents. Also, unlike other XBRL services, everything is handled in-house by Edgar Agents’ experts. We do not outsource any piece of the XBRL or EDGAR production process. We can also take your XBRL changes over the phone and send you a proof within minutes. Finally, our flat-rate pricing also means that you will NEVER be charged for rush orders or last minute changes. Be sure to ask about our XBRL Widget for your Website. The SEC requires that you post XBRL documents on your Website to make it easy for investors to find your information. We have since designed an XBRL Widget that allows you to quickly post your XBRL documents onto your corporate or investor relations website within 2 hours of filings. So remember, if you are pressed for time this week Edgar Agents will be available to assist you anytime of the day or night at no additional cost to you. To learn more about our services, visit our site at www.edgaragents,.com or call us at 732-780-5036.

SEC Approves Crowdfunding Rules, Proposals

Last week the SEC approved the new crowdfunding rules and proposed amendments, which allows companies to raise capital through crowdfunding options. The SEC approved the new rules under Title III of the JOBS Act where forms will be effective 180 days after they are published in the Federal Register, while forms for funding portals to register with the Commission will be effective January 29, 2016. The new rules state that the additional amount sold to all investors by the issuer during the 12-month period before the date of the transaction cannot exceed $1 million. Also, the dollar amounts can only be adjusted once every 5 years and must be published in the Federal Register to reflect changes in the Consumer Price Index. The final ruling goes on to explain that the capital raised through other exempt transactions will not be included in the additional amount sold. And, the rules require issuers to disclose certain information about their business and securities offering. The ruling has also created a framework for broker-dealer and funding portals to facilitate the transactions. In addition, the SEC proposed amendments to the existing Securities Act Rule 147, which will update the rules for intrastate offerings. In this proposal, issuers are allowed to incorporate and make offers outside of the state as long as sales are made to residents within the state. Furthermore, the issuer’s place of business must be in-state and should include one additional piece of evidence that would prove the company’s regional operations. The proposal would also amend Securities Act Rule 504 of Regulation D to increase the additional amount of money offered and sold, which is up to $5 million, while protecting investors. For the next 60 days, the SEC is accepting comments on the proposed rules. Also, visit our website at www.edgaragents.com or call our office at 732-780-5036 to learn more about our services and how we can assist with your filing needs.