Once you have made a decision to "Going Public" you need to prepare yourself for it.

PREPARATION IS THE KEY TO SUCCESS
It is recommended that well before you actually file your IPO you should start preparing for it. As a corporate entity everyone in your company should start behalving like a Public Company.

 

Among the broad list of issues to be on your list following need your careful attention:

1. CURRENT REGULATORY ISSUES and DISCLOSURE ISSUES
2. SARBANES-OXLEY ACT OF 2002
3. PREPARE YOUR MANAGEMENT TEAM AND BUSINESS UNITS
4. IDENTIFY KEY PLAYERS IN YOUR "GOING-PUBLIC" TEAM
which should include members from your in-house management team
plus the hired experts like your law firm and public accounting firm.
5. DEVELOP BUDGETS AND MEASURE PERFORMANCE
6. EVALUATE CORPORATE GOVERNANCE AND GOOD BUSINESS PRACTICES.
7. BUILD GOOD WORKING RELATIONSHIP WITH :
* Investment Banking Firm
* Law Firm
* Public Accounting Firm
8. HAVE YOUR LATEST FINANCIAL STATEMENTS AUDITED
to reslove potential accounting reporting and disclosure snags
9. PREPARE MANAGEMENT'S DISCUSSION & ANALYSIS (MD&A)
It is part of Registration document
10. AFTER-MARKET SUPPORT
Make sure your Underwriter's support will be available to you on continuing basis
even after IPO have been fully subscribed.
11. APPOINT A PUBLIC RELATIONS OFFICER TO MONITOR AND MAINTAIN
INVESTORS' SUPPORT AND ENTHUSIASM.
12. LASTLY: MONITOR COST ASPECTS OF THE WHOLE PROCESS ON REGULAR BASIS.
to make sure that all costs do not go over the budget.

These tasks need careful planning and monitoring by a dedicated team of professionals whose tasks must be clearly defined. An OMBUDSMAN must be designated to evaluate and monitor goals and preformances of these executives on periodic intervals.

So PREPARE for it now.