Your friend started a closely held corporation 5 years ago in which she owns all...
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Accounting
Your friend started a closely held corporation 5 years ago in which she owns all the stock. She has been approached by investors who would like to take her company public by issuing additional stock to the public. ( This is similar to what companies do on Shark Tank to grow their company). She knows that the company would become more highly regulated by the government, but what other things would she need to think about before letting investors take the company public versus keeping it privately held?
In your own words:
1. Describe two reasons this is a good idea for the company and the owner.
2. Describe two challenges for going public.
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