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Simple English definitions for legal terms
S.
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A quick definition of S.:
S: An abbreviation that can mean different things depending on the context. It can stand for "statute," which is a law passed by a government. It can also mean "section," which is a part of a larger document or law. When written in capital letters, it can refer to the "Senate," which is a part of the United States government. Additionally, "S-1" is a form that companies must fill out before they can sell their stocks on a national exchange. This form requires a lot of information about the company and the stocks being sold.
A more thorough explanation:
S is an abbreviation that can have different meanings depending on the context:
- Statute: a written law passed by a legislative body.
- Section: a part or division of a legal document or statute.
- Senate: the upper house of the United States Congress.
- S-1: an SEC form that a company must file before listing and trading its securities on a national exchange.
The most common use of S-1 is related to securities registration. It is a form that companies must file with the Securities and Exchange Commission (SEC) before they can sell their securities to the public.
For example, a startup that wants to go public and sell shares of its stock to investors must file an S-1 form with the SEC. The form requires the company to disclose detailed information about its business, financials, management team, and risks associated with investing in its securities.
Other SEC forms related to securities registration include Forms SB-1 and SB-2, which are used by smaller enterprises.