Sometimes, historical shareholder data is highly complex, especially when this data was previously managed internally. This can lead to a difficult situation where your team is unclear as to how many shares have been issued and are currently owned by various shareholders.
DealMaker Shareholder Services recommends that your team spend time reviewing historical records and audits to correctly determine the exact shares outstanding and issued to whom. DealMaker Shareholder Services further recommends speaking to a licensed professional such as an auditor or counsel who may be able to assist you with reconciling these figures. When your company decides to go public, the necessity of clean and audited records will be a requisite for any successful audit or SEC filing.