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Larissa started a clothing business several years ago called Larissa's Leisure Suits. The business is owned by a company called LLS Ltd. The business is

Larissa started a clothing business several years ago called Larissa's Leisure Suits. The business is owned by a company called LLS Ltd. The business is successful and Larissa wants to expand. As she needs additional capital, she wants to raise $5 million by issuing shares. One option Larissa is considering is to offer the shares to a number of institutional investors. An alternative is to float the business; that is, to offer the shares to the public and apply for listing on the ASX. Larissa approaches you for advice on the following matters: (a) What are the implications under Ch 6D of the Corporations Act of the two fundraising options Larissa is considering? (b) If a decision is made to carry out a float, what type of disclosure document will be required and what type of information must it contain? (c) Can Larissa advertise the fact she is raising funds

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