Emerging Growth Company versus Smaller Reporting Company Comparison Chart


This chart provides a comparison of the disclosure and other requirements of emerging growth companies (EGCs) and smaller reporting companies. Pursuant to the Jumpstart Our Business Startups Act (112 P.L. 106, 126 Stat. 306), (JOBS Act), certain issuers may qualify as EGCs. EGCs are subject to different disclosure requirements than other registrants. Similarly, smaller reporting companies, as defined pursuant to the Securities Exchange Act of 1934, as amended (Exchange Act), are subject to scaled disclosure requirements, primarily under Regulation S-K (17 C.F.R. §§ 229.10 - 229.703). Although the disclosure and other reporting requirements for EGCs and smaller reporting companies often overlap, there are also key differences; these similarities and differences are outlined in the chart below. Keep in mind that certain EGCs may also qualify as smaller reporting companies.