What are the financial requirements for my company?
Regulation A Plus has simplified the financial and auditing requirements compared to those of companies registering for an IPO on the NASDAQ or other public market. Companies seeking to raise funds using Regulation A+ are required to have a qualified Form 1-A with the SEC and audited financial statements that go back two years (except for Tier 1 offerings, and startups, they may have only existed a short time).
The SEC also has defined ongoing reporting requirements for companies after they have raised capital. The reporting requirements are much less demanding than those of public companies on the NASDAQ and NYSE, and they only apply to Tier 2 offerings, not to Tier 1 offerings.