Multiple Choice
In order for an angel investor or venture capitalist to exchange capital for ownership in a business that is a sole proprietorship, which of these must happen?
A) The business must be re-formed as a partnership.
B) The owner must give up some control.
C) The owner must co sign on all loans.
D) Both the business must be re-formed as a partnership and the owner must give up some control.
Correct Answer:
Verified
Correct Answer:
Verified
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