Career Lander

Archive for the ‘Public Company’ Category

With a rate of unemployment of 21%, Spain is one of the countries of the Union is feeling the effects most of the international financial crisis. But beyond lamentations, this reality should serve for many companies looking for solutions that help increase productivity without any cost.

Although it may seem absurd at first, such a measure would shorten the time spent at lunch. Spain has one of the longest working hours in Europe according to the OECD (Organization for Economic Cooperation and Development), a circumstance that can be caused, among other things, a marathon lunch that begins at two in the afternoon and lasts for two hours. This slowdown in the working day causes many Spanish are forced to stay at work until 20.00.

What if companies decide to put a limit on lunch?

Probably, it could leave the office at five or six in the evening, saving companies maintenance costs in their facilities (heating, lighting, etc..) And also allow workers with a better balance between work and family life . On the other hand, people could go to bed early, improving the quality of life and focus on working with the benefits that this implies for a company.

In return for all this, more than one may think that large cities can lose vitality, but the curb so frantic activity marked by a work which occupies the entire day, people will enjoy more during the weekend and above all make it easier and easier reconciliation.

Most companies start off being privately held, with all shares of stock being owned by one to a few individuals.

Typically they are owners, relatives of the owners or people who have invested some money into the business.

When the shareholders of a privately held company want to make their company’s shares available for purchase by the public, the company will need to issue an Initial Public Offering (IPO).

The Securities and Exchange Commission (SEC) is the entity responsible for monitoring the buying and selling of stocks and have some very specific rules that need to be followed to do an IPO.

1. Determine how much money you want to raise. Keep in mind that you will have to compensate a team of professionals that will help you with the IPO from this money.

Whether you want to raise $5 million or $50 million, your team must feel it is worth their time and effort.

2. Hire a good management team that is experienced in your industry. The SEC has specific requirements for impartiality on audit committees of public firms. This means you may no longer be able to fulfill some of your previous company roles.

3. Select an underwriter. The underwriter will help with the registration process and to find investors. Ask for presentations from several investment bankers in your area.

4. Select an attorney. The attorney needs to be sure that all of the documents are up to the legal specifications required for an IPO. Your underwriter can recommend an attorney.

5. Select an auditor. This auditor should have no personal or business relationship with your company. They will be required to provide accurate financial information about your company to the people or institutions thinking about investing.

6. File a SEC Registration Statement. The statement goes to the SEC and to the financial exchange that will be listing your stock. To prepare for this you will need a full description of your company’s operations, its financial statements and its management.

While there are very specific information requirements to Part 1 of the form, the second parts looks for any other information that you can provide. The best way to present the information for Part 2 is to create something similar to a company brochure.

7. Amend the registration form to deal with any comments that you receive back from the SEC. You will receive these comments approximately 5 weeks after you first file the registration form.

These comments must be responded to, along with any additional information that the SEC is requesting. Read the rest of this entry »