You think that the hard part is over. No more all-night drafting sessions at the printer. No more binges on the road-show. The registration statement has gone effective. You can watch your ticker symbol scroll across the TV screen in the morning. You're public! But ask anyone who's been an officer of a public company which is harder: getting through the IPO, or adjusting to the responsibilities of being public. Most will say that complying with the obligations of a public company makes the IPO itself look easy.
Here are some tips on making the transition easier. Obviously, there are many additional issues that a public company must address. This article focuses on the disclosure and accounting decisions that most often result in shareholder litigation or SEC enforcement proceedings.
