Understanding Large United States Business: A Comprehensive Legal Guide

Q: Do all large businesses have to be publicly traded?

No, privately held businesses can also qualify based on revenue.

Q: How can I determine if my business qualifies?

Review your business structure and revenue, and consult a legal professional if needed.

Definition & meaning

A large United States business is defined as any organization, including corporations, partnerships, sole proprietorships, associations, foundations, or trusts, that is established under U.S. law. To qualify as a large business, it must meet at least one of the following criteria:

Its securities are registered on a national securities exchange or listed on the National Association of Securities Dealers Automated Quotation System (NASDAQ).
It has annual gross revenues exceeding $1,000,000 for the fiscal year prior to the initial deposit.

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Legal use & context

The term "large United States business" is often used in the context of banking and finance regulations, particularly in relation to international banking practices. It is relevant in areas such as corporate law, securities regulation, and financial compliance. Understanding this definition can help businesses determine their reporting requirements and eligibility for certain financial services. Users can manage related legal documentation through resources like US Legal Forms, which provides templates drafted by qualified attorneys.

Key legal elements

Real-world examples

Here are a couple of examples of abatement:

Example 1: A corporation that is publicly traded on the New York Stock Exchange qualifies as a large United States business due to its registered securities.

Example 2: A privately held company with annual revenues of $2,000,000 meets the criteria for being classified as a large business (hypothetical example).

Relevant laws & statutes

Major regulations that reference large United States businesses include:

12 CFR 347.202, which outlines definitions and regulations for international banking.

Comparison with related terms

Term	Definition	Key Differences
Small Business	Typically defined as a business with fewer than 500 employees and lower annual revenue.	Large businesses have higher revenue thresholds and may be publicly traded.
Corporation	A legal entity that is separate from its owners, often larger in scale.	All corporations can be large businesses, but not all large businesses are corporations.

Common misunderstandings

What to do if this term applies to you

If you believe your business qualifies as a large United States business, consider the following steps:

Review your business structure and revenue to confirm eligibility.
Consult with a legal professional to understand your obligations and benefits under applicable laws.
Utilize US Legal Forms to access templates for necessary documentation and compliance requirements.

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Quick facts

Typical revenue threshold: Over $1,000,000 annually.
Entity types: Corporations, partnerships, sole proprietorships, associations, foundations, trusts.
Regulatory reference: 12 CFR 347.202.