As a finance major, Julian has an excellent understanding of financial management and types of financial tools. He isn't surprised when his brother, Marcus, asks him for advice. Marcus has started a surf and skateboard shop and is interested in how he should manage his finances. Marcus asks Julian about how to determine what his financial needs even are. He has plans for growth and new products he wants to develop, but he isn't sure where to start. He also knows he will need to apply for short- or long-term financing but is confused about his options as a sole proprietorship. If the business grows, Marcus may need to consider his options for equity financing. His options for acquiring equity financing is limited to private placement selling debenture bonds issuing shares of common stock funding from an angel investor