Small Corporate Offering Registration ("SCOR") Offering:The SCOR offering provides a standardized disclosure format that is accepted by most States and allows increased freedom of solicitation and advertising over the standard Regulation D 504 exempt program. The standardized disclosure format (the U-7 form) also allows the company to comply with a large number of individual States securities laws utilizing one regional review instead of filing the offering with each individual State the company sells securities in. Information about SCOR can be obtained here HERE
We typically recommend a 506 over SCOR due to its ease of use at the State level and its use of the more sophisticated and professional PPM disclosure document. The SCOR U-7 disclosure document is a question and answer document that we do not feel is very professional in its appearance to investors.
If you have any questions about whether a SCOR, 506 or 504 would be best for your transaction please feel free to call us directly to discuss specifics.
