By: Cydney Posner

In connection with adoption of final rules regarding shell companies, the SEC added a new check box to the cover of Form 10-Q, Form 10-QSB, Form 10-K, Form 10-KSB and Form 20-F to allow market participants and regulators to identify shell companies more easily. (See my email of 7/15/05) That change became effective on August 22. Keep in mind that the Securities Reform Act, effective December 1, will also involve a new cover page check box (among a few other things).

IRS Circular 230 Notice: To the extent the above constitutes tax advice, under IRS Circular 230 I am obligated to inform you that it cannot be relied upon by you or any other taxpayer to avoid penalties.

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