Which of the Following Is True of Small Company Offering

question 39

Multiple Choice

Which of the following is true of Small Company Offering Registration (SCOR) forms?

• A) SCOR forms can only be used for raising more than $1 million through sale of securities.
• B) SCOR forms are available to both domestic and foreign companies.
• C) SCOR forms that have been completed act as the offering circular for potential investors.
• D) SCOR forms have to be completed by the issuee before purchasing securities.

---

Definitions:

Limited Liability Company

A corporate framework blending the direct taxation feature of a partnership and the restricted liability characteristic of a corporation.

Unmarried Partner

An individual in a committed romantic relationship who lives with another individual without being legally married to them.

Buy The Other's Interest

To purchase the ownership stake of a partner or shareholder in a business, effectively transferring their portion of ownership to the buyer.

Privately Owned

Refers to assets, enterprises, or businesses that are owned by individuals or private entities, not controlled by the government.