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Types of Financial Reports Required by SEC
- Balance sheets
- Income statements
- Cash flow statements
- Statements of shareholders’ equity
Filing Requirements and Reports
- Most U.S. public companies must produce a 10-K each year and file it with the SEC. Several types are exempt from this requirement.
- Publicly traded companies must file initial and ongoing reports with the SEC, including Form 10-K within 60 days of fiscal year end.
- Not all companies must report to the SEC; private and exempt companies are exceptions.
Importance of Annual Reports and Form 10-K
- A Form 10-K is a detailed annual report required by the SEC containing audited financial statements.
- Public companies file reports with the SEC to provide accurate information about their business and finances.
Annual Report Filing Requirements
- Most states require various business entities to file annual reports, providing essential information.
- An annual report typically includes audited financial statements and a letter to shareholders.
Company’s Annual Report Overview
- An annual report contains financial and operational information about a company over the past year.
- It helps investors understand the company’s health and direction.
Annual Report Filing in Massachusetts
- Massachusetts corporate annual report must be filed annually to maintain corporate status.
- Filing annual reports is mandatory for all companies and applies even to those with no transactions.
Conclusion
- An annual report summarizes a company’s operations and financial performance.
- It provides financial statements and narrative information for investors to understand the company.
