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Use Schedule C (Form 1040) to report income or loss from a business you operated or a profession you practiced as a sole proprietor. An activity qualifies as a business if: Your primary purpose for engaging in the activity is for income or profit.
A Form C is the document that discloses details about the terms of the crowd-funding offering, the companys business, and any other important related information. It is a resource to help potential investors to evaluate whether or not to invest in your company.
The Form C-TR terminates your filing requirement to the SEC if you had a successful crowdfunding campaign.
The Form C-AR is the annual report you are required to file with the SEC if youve successfully closed a crowdfunding round. Form C-AR will require disclosure substantially similar to the disclosure provided in the Form C, except you do not need to discuss securities being sold.
Form C is an offering statement that must be filed by any company conducting a Regulation Crowdfunding offering.
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