(SCOR) Small Company Offering Registration

Speak to an attorney specializing in securities Law to guide to the proper form used in the Small Company Offering Registration [SCOR]. In some states it is called a Uniform Limited Offering Registration or [ULOR]. It allows a company to raise up to 1 million by selling securities. The disclosure statement form is considerably less complicated than standard disclosure forms and is constructed in a question and answer format. Some states may even allow you to download the form. The SCOR/ULOR process is touted as the simplest paperwork process used to complete an exempted offering. The laws vary from state to state so you must make sure you hire a lawyer whose specialty is securities in your state. Any type of offering that utilizes an exemption must adhere to all the exemption requirements to be legal. If you are a small company I recommend you stick with a Reg D Private Equity Placement for both cost and simplicity. The cost of a Small Company Offering Registration can easily exceed $100,000 so be careful going down this path. See IPO Initial Public Offering

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