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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
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?
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The business must be reformed as a partnership.
The owner must give up some control.
The owner must cosign on all loans.
The business must be reformed as a partnership and the owner must give up some control.
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