Tips For Saving On MicroCap Compliance Costs
In a LinkedIn post last week, Andrew Befumo -(CEO of Small Biz Support, LLC) shared some advice for “Saving On Small-Cap Compliance Expense“. According to Befumo, “as much as 60% of the legal costs of running a smaller public company could be saved if the company knew how to talk to the lawyers, accountants, auditors and other professionals that serve them.”
Befumo says that there are three reasons why microcap companies spend more on compliance costs than they need to.
1. Legal language barrier.
2. Overworked CEOs don’t/can’t give compliance the attention it requires.
3. Added and unnecessary expense of discussing irrelevant information, not following direction, and giving too much or too little information.
Read the full post and learn more HERE.