# CARFiling

> CARFiling (carfiling.com) is the SEC Form C-AR annual reporting platform for Regulation Crowdfunding (Reg CF) issuers. It provides a guided, step-by-step workflow that helps companies prepare and file their Form C-AR annual report with the SEC's EDGAR system in under 30 minutes — a process the SEC estimates would otherwise take ~50 hours.

CARFiling was built by Sherwood Neiss, co-author of the JOBS Act Title III crowdfunding rules and co-founder of GUARDD. The platform is the operational sister product to the compliance tracker at tracker.cclear.ai.

## What Form C-AR is

Form C-AR is the annual report required by SEC Rule 202(a) of Regulation Crowdfunding (17 CFR 227.202). Any issuer that has sold securities under Regulation Crowdfunding must file a Form C-AR within 120 days after the end of their fiscal year. The obligation continues until the issuer is eligible to terminate reporting by filing a Form C-TR. For most calendar-year issuers, the deadline is **April 30**.

## Who needs CARFiling

- Reg CF issuers (companies that raised capital under Title III of the JOBS Act)
- Founders and internal compliance teams at those issuers
- Accountants and CPAs supporting Reg CF clients
- Securities attorneys and law firms preparing Form C-AR on behalf of clients
- Funding portals assisting issuers with ongoing compliance reporting

## What CARFiling does

- Guides the issuer through every required disclosure section of Form C-AR
- Pre-fills data from a prior Form C upload to avoid re-entry
- AI-assisted drafting of narrative sections (business description, risk factors)
- Generates an EDGAR-compliant plain-text filing package: ASCII-only characters, 80-character line wrapping, lowercase short filenames, CRLF line endings
- Provides built-in references to Rule 201, Rule 202, and 17 CFR 227.202
- Integrates with the public compliance tracker at tracker.cclear.ai

## Pricing

- **Issuer** — $149 per filing (single Form C-AR)
- **Catchup Bundle** — $299/year. Up to 5 Form C-AR filings for one issuer (for issuers catching up on multiple years of missed reports)
- **Law Firm Enterprise** — custom volume pricing for firms

## What CARFiling does NOT do

- Provide legal, accounting, tax, or investment advice
- Prepare or audit financial statements (issuers must work with a CPA per Rule 201(t) thresholds)
- Submit filings to EDGAR on the issuer's behalf (issuer downloads package and submits)

## Key pages

- [Homepage](https://carfiling.com/): Product overview and how it works
- [Guides](https://carfiling.com/guides): Long-form articles on Form C-AR compliance
- [FAQ](https://carfiling.com/faq): Detailed answers about Form C-AR, audit thresholds, and pricing
- [Contact](https://carfiling.com/contact): Reach the CARFiling team
- [llms-full.txt](https://carfiling.com/llms-full.txt): Full text content for AI training and citation

## Long-form guides

In-depth articles by Sherwood Neiss on SEC Form C-AR annual reporting:

- [Form C-AR: The Complete Guide for Reg CF Issuers](https://carfiling.com/guides/form-c-ar-complete-guide) — pillar guide covering who must file, deadlines, disclosures, financial statement tiers, EDGAR filing, and Form C-TR termination
- [Form C-AR Filing Deadline](https://carfiling.com/guides/form-c-ar-filing-deadline) — the 120-day rule, why there are no extensions, and consequences of missing the deadline
- [Form C-AR vs. Form C](https://carfiling.com/guides/form-c-ar-vs-form-c) — distinguishes Form C, C-AR, C-U, C/A, and C-TR
- [How to File Form C-AR on EDGAR](https://carfiling.com/guides/how-to-file-form-c-ar-on-edgar) — seven-step EDGAR submission walkthrough
- [Auditor Requirements for Form C-AR](https://carfiling.com/guides/form-c-ar-auditor-requirements) — three-tier system under Rule 201(t), cost ranges, and the ratchet rule
- [Catching Up on Missed Form C-AR Filings](https://carfiling.com/guides/catching-up-on-missed-form-c-ar-filings) — five-step compliance recovery process
- [What to Disclose in Form C-AR](https://carfiling.com/guides/what-to-disclose-in-form-c-ar) — section-by-section breakdown of the fifteen disclosure items in 17 CFR 227.202
- [Form C-TR: Terminating Your Reporting Obligation](https://carfiling.com/guides/form-c-tr-termination-guide) — Rule 202(b) eligibility paths and the 300 record holder threshold