Annual Reporting Process and Requirements

WHAT IS A FORM C-AR?

The main purpose of the Form C-AR is to provide your most recently completed fiscal year’s financials (2023) and compare them to the 2022 financial results. Your 2023 financials only need to be self-verified by the principal of the business, however, if your current offering is live and will continue to be live past the due date (for most it is 4/30) you'll need to have audited or reviewed financials for the latest year you are required to supply those statements.

What is the deadline for the Form C-AR? 

The SEC requires the Form C-AR to be filed within 120 days on the fiscal year end date. For most, the fiscal year end date is 12/31, making the due date 4/30

Am I required to file a Form C-AR? 

Your campaign may be eligible to file the Form C–T/R. Please review this article and summary of the on the requirements below-

• Since the most recent Reg. CF: (1) at least one C-AR filed, (2) less than 300 shareholders (including non-SE investors)

• Since the most recent Reg. CF: (1) filed last 3 years C-AR, (2) assets <$10M

• All shares are repurchased by issuer or another entity (i.e. merger/acquisition)

• Issuer has liquidated or dissolved the business in accordance w/ state law

What Financials do we need? 

Financials can be CEO-certified if your offering is closed or will be closed prior to the due date. However, if your offering is Live, audited or reviewed financials for the latest year are required to be supplied.

Please review the following articles for templates and details -

• What Do I Need to Include in my Financial Statements?

• How Do I Complete My Financials Review? 

• What do I need to include in my CEO verified financial statements?

What is the process for filing the Form C-AR? 

Please use the Form C-AR Generator Link shared over email to upload your financials and review the offering information. *The official link will be sent mid-February but we advise to prepare your financials ahead of time.

Will StartEngine be filing the Form C-AR on our behalf? 

If you are a StartEngine Secure Client, StartEngine can file the Form C-AR on your behalf. StartEngine will not be reviewing the filings, merely facilitating the filing service. It is your responsibility to ensure the accuracy of the Form C-AR as you are liable for any misstatements or omissions. This service comes included in our annual fee charged on a per investor basis. If you have already paid for this year’s fees you should be all set. We’ll be sending out any overdue invoices if you still need to pay.