SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549





FORM
10-Q/A


(Mark
One)





xQUARTERLY REPORT PURSUANT TO SECTION
13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934





For the
quarterly period ended June 30, 2010





OR





 ̈TRANSITION REPORT UNDER SECTION 13 OF
15(d) OF THE EXCHANGE


ACT OF 1934





From the
transition period from ___________ to ____________.





Commission
File Number 000-29935





CROWN EQUITY HOLDINGS
INC.


(Exact
name of registrant as specified in its charter)





Nevada
33-0677140


(State or
other jurisdiction of incorporation or organization)(IRS Employer Identification
No.)





544West Sahara Avenue, Suite
205, Las Vegas, NV 89146


(Address
of principal executive offices)





(702)
448-1543


(Issuer's
telephone number)





N/A


(Former
name, former address and former fiscal year, if changed since last
report)





Indicate
by check mark whether the Company (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the Company was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days: Yes x   No:
 ̈





Indicate
by check mark whether the Company is a large accelerated filer, an accelerated
file, non-accelerated filer, or a smaller reporting company.





Large accelerated filer  ̈
                Non-accelerated filer  ̈
              Accelerated filed  ̈
                Smaller reporting company x





Indicate
by check mark whether the Company is a shell company (as defined in Rule 12b-2
of the Exchange Act).


Yes  ̈   No
x





As of August 10, 2010, there were
750,018,890
shares of Common Stock of the issuer outstanding.





TABLE
OF CONTENTS





PagePART
      I: FINANCIAL INFORMATIONItem
      1.  Financial Statements (Unaudited)
                    
                    3Balance
      Sheets as of June 30, 2010 and December 31,
2009(Unaudited)
                    
                    3Statements
      of Operations For the Three and Six Months Ended June 30, 2010 and 2009
      (Unaudited)
                    
                    4Statements
      of Cash Flows For  the Six Months Ended June 30, 2010 and 2009
      (Unaudited)
                    
                    5Notes
      to (Unaudited) Financial Statements
                    
                    6Item
      2.  Management’s Discussion and Analysis and Plan of
      Operation
                    
                    10Item
      3.  Quantitative and Qualitative Disclosures About Market
      Risk
                    
                    11Item
      4T.  Controls and Procedures
                    
                    11PART
      II: OTHER INFORMATIONItem
      1.  Legal Proceedings
                    
                    12Item
      1A.  Risk Factors
                    
                    12Item
      2.  Unregistered Sales of Equity Securities and Use of
      Proceeds
                    
                    12Item
      3.  Defaults upon Senior Securities
                    
                    12Item
      4.  Submission of Matters to a vote of Security
      Holders
                    
                    12Item
      5.  Other Information
                    
                    13Item
      6.  Exhibits
                    
                    13Signatures
                    
                    13


2


Crown
Equity Holdings Inc.


BALANCE
SHEETS


(Unaudited)





June 30, 2010
                
                
                December 31, 2009AssetsCurrent
      assetsCash
      and cash equivalents
                
                $
                280,330
                
                
                $
                249,612Marketable
      securities
                
                
                206,824
                
                
                
                -Accounts
      receivable
                
                
                12,000
                
                
                
                -Prepaid
      expense
                
                
                2,400
                
                
                
                8,102Total
      current assets
                
                
                501,554
                
                
                
                257,714Fixed
      assetsEquipment
      net, of depreciation $70,831
                
                
                5,303
                
                
                
                17,993Restricted
      securities
                
                
                85,000
                
                
                
                204,500Total
      Assets
                
                
                591,857
                
                
                
                480,207Liabilities
      & Stockholder's EquityCurrent
      liabilitiesAccounts
      payable and accrued expenses
                
                $
                17,652
                
                
                $
                14,332Salaries
      payable
                
                
                85,951
                
                
                
                —Taxes
      payable
                
                
                —
                
                
                
                16,990Deferred
      revenue
                
                
                100,000
                
                
                
                62,000Total
      current liabilities
                
                
                203,603
                
                
                
                93,322Long
      term liabilitiesNotes
      payable –related parties
                
                
                97,209
                
                
                
                87,209Total
      liabilities
                
                
                300,812
                
                
                
                180,531Stockholder's
      EquityPreferred
      shares $0.001 par value, 100,000,000 shares authorized  None
      issued or outstanding
                
                
                -
                
                
                
                -Common
      stock, $.001 par value, 4,900,000,0000 shares authorized, 748,108,860, and
      728,806,320 shares issued and outstanding
                
                
                748,109
                
                
                
                728,810Additional-paid-in-capital
                
                
                5,993,436
                
                
                
                5,819,708Accumulated
      deficit
                
                
                (6,450,500
                )
                
                
                (6,248,842
                )Total
      stockholder's equity
                
                
                291,045
                
                
                
                299,676Total
      Liabilities & Stockholders’ Equity
                
                $
                591,857
                
                
                $
                480,207





The
accompanying notes are an integral part of the unaudited financial
statements


3


Crown
Equity Holdings Inc.


STATEMENTS
OF OPERATIONS


Three
and Six month periods ended June 30, 2010 and 2009


(Unaudited)





ThreeMonths
                      
                      
                      SixMonths2010
                      
                      
                      2009
                      
                      
                      2010
                      
                      
                      2009Revenue
                      
                      $
                      349,212
                      
                      
                      $
                      78,213
                      
                      
                      $
                      673,988
                      
                      
                      $
                      84,357Cost
      of revenue
                      
                      
                      —
                      
                      
                      
                      (529
                      )
                      
                      
                      (85,000
                      )
                      
                      
                      (1,893
                      )Gross
      margin
                      
                      
                      349,212
                      
                      
                      
                      82,464
                      
                      
                      
                      588,988
                      
                      
                      
                      82,464Expenses:General
      and administrative
                      
                      
                      378,083
                      
                      
                      
                      61,503
                      
                      
                      
                      603,037
                      
                      
                      
                      351,487Depreciation
                      
                      
                      6,345
                      
                      
                      
                      6,428
                      
                      
                      
                      12,690
                      
                      
                      
                      12,773Operating
      income(loss)
                      
                      
                      (35,216
                      )
                      
                      
                      9,753
                      
                      
                      
                      (26,739
                      )
                      
                      
                      (245,796
                      )Other
      Income (expense):Other
      income
                      
                      
                      -
                      
                      
                      
                      438
                      
                      
                      
                      -
                      
                      
                      
                      438Interest
      income
                      
                      
                      35
                      
                      
                      
                      -
                      
                      
                      
                      66
                      
                      
                      
                      -Realized
      (loss) on securities
                      
                      
                      (875
                      )
                      
                      
                      (9,724
                      )
                      
                      
                      825
                      
                      
                      
                      (9,274
                      )Unrealized
      gain(loss) on securities
                      
                      
                      (35,170
                      )
                      
                      
                      
                      
                      
                      
                      (169,195
                      )Gain
      on debt forgiveness
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      —
                      
                      
                      
                      1,319Investment
      expense
                      
                      
                      (470
                      )
                      
                      
                      
                      
                      
                      
                      (783
                      )Interest
      expense
                      
                      
                      (2,916
                      )
                      
                      
                      (475
                      )
                      
                      
                      (5,832
                      )
                      
                      
                      (1,243
                      )Total
      other income(expense)
                      
                      
                      (39,396
                      )
                      
                      
                      (9,761
                      )
                      
                      
                      (174,919
                      )
                      
                      
                      (9,210
                      )Net
      loss
                      
                      $
                      (74,612
                      )
                      
                      $
                      (8
                      )
                      
                      $
                      (201,658
                      )
                      
                      $
                      (255,006
                      )Net
      loss per common share (basic and diluted):
                      
                      $
                      (0.00
                      
                      
                      $
                      (0.00
                      )
                      
                      $
                      (0.00
                      
                      
                      $
                      (0.00
                      )Weighted
      average common shares outstanding (basic and diluted):
                      
                      
                      747,935,973
                      
                      
                      
                      720,389,840
                      
                      
                      
                      739,567,918
                      
                      
                      
                      711,905,550


The accompanying notes are an integral
part of the unaudited financial statements


4


Crown
Equity Holdings Inc.


STATEMENTS
OF CASH FLOWS


Six
month periods ended June 30, 2010 and June 30, 2009


(Unaudited)


2010
                
                
                2009CASH
      FLOWS FROM OPERATING ACTIVITIESNet
      loss
                
                $
                (201,658
                )
                
                $
                (255,006
                )Adjustments
      to reconcile net loss to cash used in operating
activities:Depreciation
      expense
                
                
                12,690
                
                
                
                12,773Stock
      for services
                
                
                193,026
                
                
                
                225,100Gain
      on accounts payable forgiveness
                
                
                —
                
                
                
                (1,319
                )Unrealized
      (gain) loss on securities
                
                
                169,195
                
                
                
                —Realized
      (gain) loss on securities
                
                
                (825
                )
                
                
                —Net
      Change in:Prepaid
      expenses
                
                
                5,702
                
                
                
                —Accounts
      receivable
                
                
                (12,000
                )
                
                
                —Marketable
      securities received for revenue
                
                
                (367,503
                )
                
                
                —Accounts
      payable and accrued expenses
                
                
                4,702
                
                
                
                (4,203
                )Accounts
      payable - related party
                
                
                —
                
                
                
                (5,981
                )Taxes
      payable
                
                
                (16,990
                )
                
                
                —Restricted
      securities received for revenue
                
                
                150,750
                
                
                
                —Deferred
      revenue
                
                
                (27,000
                )
                
                
                —Accrued
      salaries
                
                
                85,951
                
                
                
                20,150TOTAL
      CASH FLOWS USED IN OPERATING ACTIVITIES
                
                
                (3,960
                )
                
                
                (8,486
                )CASH
      FLOWS USED IN INVESTING ACTIVITIESCash
      paid for purchase of fixed assets
                
                
                —
                
                
                (`1,881)CASH
      FLOWS FROM FINANCING ACTIVITIESAdvances
      from related party, net
                
                
                —
                
                
                
                (10,163
                )Proceeds
      from sale of stock
                
                
                24,678
                
                
                
                25,000Proceeds
      from notes payable
                
                
                —
                
                
                
                2,000Notes
      payable-related party
                
                
                10,000
                
                
                
                2,650TOTAL
      CASH FLOWS PROVIDED BY FINANCING ACTIVITIES
                
                
                34,678
                
                
                
                19,487Net
      Increase (Decrease) in Cash
                
                
                30,718
                
                
                
                9,190Cash,
      beginning of period
                
                
                249,612
                
                
                
                2,898Cash,
      end of period
                
                $
                280,330
                
                
                $
                12,088SUPPLEMENTAL
      CASH FLOW INFORMATIONInterest
      paid
                
                
                -
                
                
                
                -Income
      taxes paid
                
                
                -
                
                
                
                -Non
      Monetary transactionsSecurities
      received for deferred revenue
                
                
                65,000
                
                
                
                -Reclass
      from restricted to marketable
                
                
                39,000
                
                
                
                -Common
      stock for accounts payable and accrued liabilities
                
                
                —
                
                
                
                29,000Common
      Stock for vehicle
                
                
                —
                
                
                
                2,000


The
accompanying notes are an integral part of the unaudited financial
statements


5


Crown
Equity Holdings Inc.


NOTES
TO FINANCIAL STATEMENTS


(Unaudited)





NOTE
1 - BASIS OF PRESENTATION





The
accompanying unaudited interim consolidated financial statements of Crown Equity
Holdings Inc. (“Crown Equity”) have been prepared in accordance with accounting
principles generally accepted in the United States of America and the rules of
the Securities and Exchange Commission, and should be read in conjunction with
the audited consolidated financial statements and notes thereto contained in
Crown Equity’s December 31, 2009 Annual Report filed with the SEC on Form 10-K.
In the opinion of management, all adjustments, consisting of normal recurring
adjustments, necessary for a fair presentation of financial position and the
results of operations for the interim periods presented have been reflected
herein. The results of operations for interim periods are not necessarily
indicative of the results to be expected for the full year. Notes to the
financial statements which would substantially duplicate the disclosure
contained in the audited financial statements for the most recent fiscal year
end December 31, 2009 as reported on Form 10-K, have been omitted.





NOTE
2 - GOING CONCERN





As shown
in the accompanying financial statements, Crown Equity has an accumulated
deficit of June 30, 2010. Unless profitability and increase in shareholders
equity continues, these conditions raise substantial doubt as to Crown Equity's
ability to continue as a going concern. The financial statements do not include
any adjustments that might be necessary if Crown Equity is unable to continue as
a going concern.





NOTE
3 – MARKETABLE & RESTRICTED SECURITIES





Marketable
securities are classified as available-for-sale and are presented in the balance
sheet at fair market value.  Crown Equity classified certain
securities as long-term due to restrictions on transfers.





Per
Accounting Standards Codification (“ASC”) 820 “Fair Value Measurement”, fair
values defined establishes a framework for measuring fair value under generally
accepted accounting principles and expands disclosures about fair value
measurements. ASC 820 does not require any new fair value
measurements.





ASC 820
establishes a valuation hierarchy for disclosure of the inputs to valuation used
to measure fair value. This hierarchy prioritizes the inputs into three broad
levels as follows:





Level 1:
Quoted market prices in active markets for identical assets or
liabilities


Level 2:
Observable market based inputs or unobservable inputs that are corroborated by
market data


Level 3:
Unobservable inputs that are not corroborated by market data


6


Crown Equity has
classified these marketable securities at level 1 with a fair value of $207,085
and restricted securitieswith a market value of$85,000 as of June 30,
2010.





Per
Accounting Standards Codification 825 “The Fair Value Option for Financial
Assets and Financial Liabilities—Including an Amendment of FASB Statement No.
115”, an entity is permitted to irrevocably elect fair value on a
contract-by-contract basis for new assets or liabilities within the scope of ASC
825 as the initial and subsequent measurement attribute for those financial
assets and liabilities and certain other items including property and casualty
insurance contracts. Entities electing the fair value option are required to (i)
recognize changes in fair value in earnings and (ii) expense any up-front costs
and fees associated with the item for which the fair value option is elected.
Entities electing the fair value option are required to distinguish, on the face
of the statement of financial position, the fair value of assets and liabilities
for which it has elected the fair value option, and similar assets and
liabilities measured using another measurement attribute. An entity can
accomplish this either by reporting the fair value and non-fair-value carrying
amounts as separate line items or by aggregating those amounts and disclosing
parenthetically the amount of fair value included in the aggregate
amount.





Crown
Equity adopted ASC 825 this quarter and elected the fair value option for their
marketable securities. The related gain/loss based on valuation on the mark to
market each balance sheet date is reflected in the income
statement.





NOTE
4 – REVENUE RECOGNITION





The
Company provides various consulting services to companies and individuals
dealing with corporate structure and operations globally. Crown Equity’s revenue
is recognized pursuant to ASC 605 “Revenue Recognition.” The
Company recognizes its revenue from services as those services are performed.
Revenue recognition is limited to the amount that is not contingent upon
delivery of any future product or service or meeting other specified performance
conditions. Product sales, accounted for within fulfillment services, are
recognized upon shipment to the customer and satisfaction of all
obligations.





Contract
revenues include royalties under license and collaboration agreements. Contract
revenue related to technology licenses is fully recognized only after the
license period has commenced, the technology has been delivered and no further
involvement of Crown Equity is required.





Crown
Equity receives payment for its services in both cash and equity instruments
issued by the customer.  The equity instruments are accounted for in
accordance with the provisions of ASC 718 “Compensation – Stock
Compensation” and is based on the fair value of the consideration
received or the fair value of the equity instrument issued, whichever is more
reliably measurable. The measurement date of the fair value of the equity
instrument issued is the date on which they are received by Crown
Equity.





Amounts
received for revenue not earned as of period end are accounted for as deferred
revenues.


7


Restricted
Securities





Crown
Equity has classified the marketable securities they hold as of yearend as
long-term in accordance with rule 144 due to restrictions on sale &
transfers of unregistered shares. As of June 30, 2010 $85,000 of the marketable
securities which are non controlling shares received from customers as
consulting income has been classified as restricted securities in accordance
with Accounting Standards Codification 825 and 718. The related gain/loss based
on valuation on the mark to market each balance sheet date is reflected in the
income statement.





NOTE 5 - RELATED PARTY TRANSACTIONS





On
December 2, 2009, the Company signed a one year lease for 2,400 square feet of
office space.  The rent for the space is $2,400 per month. The
landlord is related to one of the officers of the Company.





On
November 20, 2009, the Company converted accounts payable and advances from
Montse Zaman, a related party, of $71,185 to a three year unsecured note
maturing on November 19, 2012. As of June 30, 2010 the balance increased by
$10,000 to $81,185. Interest is incurred at 12% per annum unless the principal
and interest are not paid by maturity at which time the interest rate
accelerates to 18% per annum.





During
the quarter ended March 31, 2007, the Company borrowed $12,700 from Phoenix
Consulting Services Inc. controlled by a related party. The loan is unsecured
and matured on April 1, 2008 and accrued interest at 12% per annum. The note may
be converted into common shares of the company at the holder’s option at a to be
determined in the future conversion price.  Amounts outstanding under
this agreement subsequent to April 1, 2008 accrued interest at 18% per annum. On
November 20, 2009, the note including principal and interest totaling $16,024
was converted to a long term note due November 19, 2012 with principal and
interest due at maturity.  If the principal and interest are not paid
by maturity, the interest rate accelerates to 18% per annum.





NOTE
6 – EQUITY





On March
25, 2010, the Company filed Amended and Restated Articles of Incorporation
authorizing 10,000,000 shares of preferred shares with par value of $0.001 and
reducing the authorized shares of common stock from 500,000,000 shares to
490,000,000 shares.





On June
22, 2010 the Company approved a forward split of common stock at a ratio of 10
shares of 10 shares for each one share outstanding.  The Company
approved the increase of authorized shares of common stock from 490,000,000 to
4,900,000,000 and increased the authorized number of preferred shares from
10,000,000 to 100,000,000, with both common and preferred having a par value of
$0.001 per share.





During
the six months ended June30, 2010, Crown Equity issued 19,302,540 shares of
common stock for compensation for $193,026.


8


NOTE
7 - CONTINGENCIES





There is
pending litigation in Arizona small claims court - Strojnik v. Crown Equity
Holdings, Inc.  Crown Equity has assessed the outcome of a loss as
remote and furthermore the maximum liability in small claims court is
$2,500.  Crown Equity has not accrued any amounts related to this
contingency.





NOTE
8 – SUBSEQUENT EVENTS





On July
2, 2010 the Company issued 4,297,560 shares of common stock at $0.02 per share
valued at $85,951 for services. Due to a pricing error these shares were
cancelled and the Company issued 1, 910,030 shares of common stock at $0.04 per
share valued at $85,951 for services




9





Item
      2.
            MANAGEMENT’S
      DISCUSSION AND ANALYSIS





This
report contains forward looking statements within the meaning of Section 27A of
the Securities Act of 1933, as amended and Section 21E of the Securities
Exchange Act of 1934, as amended. Crown Equity’sactual results could
differ materially from those set forth on the forward looking statements as a
result of the risks set forth in Crown Equity’s filings with the
Securities and Exchange Commission, general economic conditions, and changes in
the assumptions used in making such forward looking statements.





OVERVIEW





Crown
Equity Holdings Inc. (”Crown Equity”) was incorporated in August 1995 in
Nevada.


The
Company is offering its services to companies seeking to become public entities
in the United States. It has launched a website, www.crownequityholdings.com,
which offers its services in a wide range of fields. The Company provides
various consulting services to companies and individuals dealing with corporate
structure and operations globally.





In 2007,
the Company, through a wholly-owned subsidiary, Crown Trading Systems, Inc.
(“CTS”), a Nevada corporation, began to develop, sell and produce computer
systems which are capable of running multiple monitors from one
computer.  CTS is able to run 16 monitors off one CPU. In late 2007,
CTS began to attend trade shows and starting selling these systems. In 2009,
Crown Trading Systems was dissolved as a corporation and its business was
absorbed into the Company.





On
September, 30, 2009 Crown Marketing, Inc acquired controlling interest of the
Company from Crown Partners, Inc.





Crown
Equity is offering its services to companies and their management seeking to
become public entities in the United States.  It has launched a
website, www.crownequityholdings.com, which offers its services in a wide range
of fields.





Crown
Equity’s office is located at 5440 West Sahara, Suite 205, Las Vegas, Nevada
89146.





As of
June 30, 2010, Crown Equity had nine employees but was also utilizing the
services of independent contractors and consultants.





RESULTS
OF OPERATIONS





For the
three months periods ending June 30, 2010 and 2009 revenues were $ 349,212 and
$78,213 with net loss of $74,612 and a net loss of $8 respectively. During the
period ending June 30, 2010 Crown Equity incurred deferred revenues of $100,000.
General and administrative expense increased to $603,037 for the six months
ended June 30, 2010 as compared to $351,487 for the six months ended June 30,
2009.  Interest expense incurred during the six month period ending
June 30, 2010 was $5,832 compared $1,243 for the same period in 2009.
Depreciation for the six months period ending June 30, 2010 was $12,690 and
$12,773 for the same periods in 2009. The revenue increases in 2010 were from
consulting services of approximately $599,613. The increase in revenue did not
include deferred revenue of $100,000 for the period ending June 30, 2010. The
net loss for the six month period ending June 30, 2010 consisted of an operating
loss of $26,739 and other expenses of $174,919 of which $ 169,195 consisted of
unrealized loss on securities.


10


Crown
Equity will attempt to carry out its business plan as discussed above; however,
it cannot predict to what extent its capital resources could hinder its business
plan.





LIQUIDITY
AND CAPITAL RESOURCES





At June
30, 2010, Crown Equity had current assets of $501,554 and current liabilities of
$203,603, resulting in working capital of $297,951.  Shareholders'
equity as of June 30, 2010 was $291,045. Further, there exist no agreements or
understandings with regard to loan agreements by or with the Officers,
Directors, principals, affiliates or shareholders of Crown Equity.





Cash flow
used in operations for the period ending June 30, 2010 was $3,960 compared to
$8,486 for the same period in 2009 a negative increase of $4,526. Cash flow from
financing activities during the period ended June 30, 2010 was $10,000 compared
to $19,487 in 2009, a decrease of $9,487.





Our
existing capital may not be sufficient to meet Crown Equity's cash needs,
including the costs of compliance with the continuing reporting requirements of
the Securities Exchange Act of 1934, as amended.  This condition
raises substantial doubt as to Crown Equity's ability to continue as a going
concern. The financial statements do not include any adjustments that might be
necessary if Crown Equity is unable to continue as a going concern.





EMPLOYEES





As of
June 30, 2010, Crown Equity had nine employees.





ITEM
      3.
            CONTROLS
      AND PROCEDURES





As a
“smaller reporting company” as defined by Item 10 of Regulation S-K, Crown
Equity  is not required to provide information required under this
Item.





ITEM 4T:
            CONTROLS
      AND PROCEDURES




(a)
            Evaluation
      of Disclosure Controls and
Procedures




Based on
their evaluation of our disclosure controls and procedures(as defined in Rule
13a-15e under the Securities Exchange Act of 1934 the "Exchange Act"), our
principal executive officer and principal financial officer have concluded that
as of the end of the period covered by this quarterly report on Form 10-Q such
disclosure controls and procedures were not effective to ensure that information
required to be disclosed by us in reports that we file or submit under the
Exchange Act is recorded, processed, summarized and reported within the time
periods specified in Securities and Exchange Commission rules and forms because
of the identification of a material weakness in our internal control over
financial reporting which we view as an integral part of our disclosure controls
and procedures. The material weakness relates to the lack of segregation of
duties in financial reporting, as our financial reporting and all accounting
functions are performed by an external consultant with no oversight by a
professional with accounting expertise.  Our CEO and CFO do not possess
accounting expertise and our company does not have an audit committee. 
This weakness is due to the company’s lack of working capital to hire additional
staff.  To remedy this material weakness, we intend to engage another
accountant to assist with financial reporting as soon as our finances will
allow.


11




Changes
in Internal Control over Financial Reporting




Except as
noted above, there have been no changes in our internal control over financial
reporting identified in connection with the evaluation required by paragraph (d)
of Exchange Act Rules 13a-15 or 15d-15 that occurred during our first quarter
that have materially affected, or are reasonably likely to materially affect,
our internal control over financial reporting.





PART II –
OTHER INFORMATION





ITEM 1.
            LEGAL
      PROCEEDINGS.





There is
pending litigation in Arizona small claims court - Strojnik v. Crown Equity
Holdings, Inc. Crown Equity has assessed the outcome of a loss as remote and
furthermore the maximum liability in small claims court is
$2,500.  Crown has not accrued any amounts related to this
contingency.





ITEM 1A.
            RISK
      FACTORS.





There
have been no material changes to Crown Equity’s risk factors as previously
disclosed in our most recent 10-K filing for the year ending December 31,
2009.





ITEM 2.
            SALES
      OF EQUITY SECURITIES AND USE OF
PROCEEDS.





During
the six months ended June 30, 2010 Crown Equity issued 19,302,540 shares of
common stock at $0.10 per share for a value of $193,026compensation.





ITEM 3.
            DEFAULTS
      UPON SENIOR SECURITIES.





None





ITEM 4.
            SUBMISSION
      OF MATTERS TO A VOTE OF SECURITY
HOLDERS.





None


12


ITEM 5.
            OTHER
      INFORMATION.





On May
26, 2010 the Company filed an 8-K for the filing of the Certificate of
Designation with the State of Nevada authorize 25,000 shares of Series A
Preferred  Stock, each share being convertible into 10,000 shares of
common stock.





ITEM 6.
            EXHIBITS





EXHIBIT
31.1 Certification of Principal Executive Officer and Principal Financial
Officer





EXHIBIT
32 Certification of Compliance to Sarbanes-Oxley





SIGNATURES





In
accordance with the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.





CROWN
      EQUITY HOLDINGS INC.By /s/ Kenneth BosketKenneth
      Bosket, CEOBy
      /s/ Lowell HoldenLowell
      Holden, CFO





Date
August 10, 2010


13