{"id":311,"date":"2023-08-21T17:10:44","date_gmt":"2023-08-21T21:10:44","guid":{"rendered":"http:\/\/www.accreditedinvestorleads.com\/?p=311"},"modified":"2023-08-21T17:10:47","modified_gmt":"2023-08-21T21:10:47","slug":"scor","status":"publish","type":"post","link":"https:\/\/www.accreditedinvestorleads.com\/scor\/","title":{"rendered":"A Guide to Small Corporate Offering Registration"},"content":{"rendered":"
Many states are now accepting the Small Corporate Offering Registration (“SCOR”), in conjunction with Rule 504 of Reg D, which will make it easier for small businesses to use the Reg D exemption. \u00a0By using Form U-7 the disclosure process is streamlined so you can present information in an easy format instead of worrying about a variety of different disclosure documents. It reduces the overall cost to the company or entrepreneur in putting the private placement memorandum together. \u00a0 You may need help from an attorney on some of the more technical legal questions but more experienced entrepreneurs may be able to answer this on their own.<\/p>\n
Another benefit to SCOR is that Accredited Investors are able to have all of the information they need in order to make an informed decision on whether or not to invest. \u00a0This is good for the company as well, since investors cannot claim they had a lack of information prior to investing.<\/p>\n
<\/a><\/p>\n If any Officer or Director has a previous securities violation the company cannot use SCOR.<\/p>\n The offering itself must also meet this criteria:<\/p>\n You should complete and submit the SCOR form with the state where you plan on selling your private securities before you start selling them. \u00a0You may be able to arrange a pre-filing meeting to go over your forms to ensure compliance. \u00a0If you are selling in multiple states you may be able to get a regional review which will save time. \u00a0Having your documents reviewed and approved for compliance is a safe guard for your company from future violations and complaints.<\/p>\n Complete your SCOR at the same time you are filing out Form D for the SEC. \u00a0Your Form D will become part of the offering package you submit to the review board.<\/p>\n You can raise capital without registering with the SEC by using the Regulation D exemption found in the Securities and Exchange Act of 1933. \u00a0There are basic disclosure requirements under Reg D but they are minimal in comparison with issuing a public offering. The major difference is that you need to raise funds from Accredited Investors instead of on the open market.<\/p>\n Many states are now accepting the Small Corporate Offering Registration (“SCOR”), in conjunction with Rule 504 of Reg D, which will make it easier for small businesses to use the Reg D exemption. \u00a0By using Form U-7 the disclosure process is streamlined so you can present information in an easy format instead of worrying about<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[63],"tags":[],"yoast_head":"\nIn order to use SCOR a company must meet these qualifications:<\/h3>\n
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For more information please visit our mother site at<\/b> Salesleads.tv<\/b><\/a><\/h2>\n","protected":false},"excerpt":{"rendered":"