If you complete a successful Regulation Crowdfunding offering, the law requires that you file an annual report in a year to update the SEC and your investors.
The annual report is due no later than 120 days after the end of your fiscal year, which for most companies means it’s due at the end of April.
If you neglect to file an annual report, you won’t be able to raise future Regulation Crowdfunding rounds until you file the annual report. However, you may still raise funds from accredited investors only using Regulation D.
To read more about the Regulation Crowdfunding reporting laws, head to this page.