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) A. The business must be re-formed as a partnership.
B) B. The owner must give up some control.
C) C. The owner must co-sign on all loans.
D) Both A and B
Correct Answer:
Verified
Correct Answer:
Verified
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