I noticed that it is a common belief in the small business community that small businesses can't go public until they have noteworthy revenues, say something on the order of $10 to $20 million per year. This is totally wrong. I have been taking Small Businesses and Start-Up companies public as a consultant above 15 years now. And for 15 years I have been constantly asked in various ways " Can a small business akin to ours increase capital by going public? We just have a million dollars in revenue. Aren't we very small?" The answer has been and still is "Obviously, you can go public. And no, you are not too small." What is very small? Fine actually nothing. An organization who is bringing in one million in revenues would be no problem to take public. But it is in fact not regarding your revenues, it is about your business notions. If you are working on a development stage business plan and you are making progress, then we can possibly take you public with that alone. If you are making five, ten or twenty thousand every month that is helpful because it just indicates that you are executing on your business plan. It has become harder and harder to take an organization public with no revenue and no business operations since the SEC and FINRA are legally trying to eliminate micro cap scam, but yes it can still be accomplished. If you have no revenues, however, you will have to have patience, some money in the bank to warranty you can survive for some years, and you will have to be making genuine development on your business plan to show the powers that be that you are a "real" company and not simply a "sham" set up for micro-cap fraud. If you are a small business and you don't think to be mom-and-pop forever, then "Going Public" is something you should inspect in the very early stages. "Public" money is generally a lot economical than "private" money. I have noticed private companies who feel they are too small to "go public" give up half of their company for a small six figure investment. At times companies with revenues in the millions feel they are too small and taking the venture capital route they increase ten or twenty million but end up with merely five to six percent of the company in some years. This kind of dilution is completely needless. The similar amount of money could be raised by going public while sustaining 60-65% ownership Of course there are drawbacks to going public early as well, but most of those have to do with being preyed upon by non-professionals, swindlers, and others who really don't know what they are doing. If you look into your advisers and get advice and structuring and referrals from professionals who know what they are doing, you can reduce many problems of going public early. 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