Corporate Reports are typically a quarterly accounting of a company’s profit or loss figures that are submitted to the SEC (Securities and Exchange Commission). They not only allow potential investors or shareholders a means of understand to why the business is showing a loss or a gain, but can be invaluable for the company itself for discovering faults in their operation. Corporate Reporting can also cover environmental, social, and sustainability aspects. Proper reporting is essential for any large business. It’s relatively easy to find Corporate Reports for bigger companies. As a rule, the SEC requires any business that has $10 million or more in assets and at least 500 shareholders, to submit quarterly reports. Also, any company that’s listed on an exchange such as Nasdaq must file Corporate Reports. However, this stipulation can make it difficult to find financial information on small businesses. Unless they meet these requirements, they typically don’t have to report to the SEC.
There are several ways to obtain a Corporate Report on a certain company:
-The SEC maintains a database known as EDGAR that is searchable online.
-The company will have records on file and open to investors (this is also the only way to learn about smaller businesses).
-Banks are not required to report to the SEC. Instead, they submit information to banking regulators which are available online.