S1 Registrations
The S1 registration statement has recently replaced SB2 registration statements. The S1 is used for companies that are seeking to go public via a self underwritten or Direct Public Offering (“DPO”). The DPO process from start to finish usually takes anywhere from 9 to 18 months depending on the complexity of your filing and the number of comments you receive from the SEC. If you are development stage company with little or no revenue or a company with no profits, then the S1 is your best choice for going public. The S1 will take longer to complete, but it will save you hundreds of thousands of dollars compared with buying an OTCBB shell. The average cost of attorney fees for an S1 can run from $50K to $150K. You will still need a PCAOB audit of your company’s records, which will cost $10K to $50K for a startup with little or no revenues.










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