Organizational Form Titus founded his own construction wholesale business many years ago. After building a successful firm that supplies materials to real estate developers in his region, he joined with a partner who provided the capital to expand throughout the state. They changed the business to a privately owned corporation of which Titus owns 60 percent of the shares. The partner owns 30 percent of the shares and 10 percent were set aside to give to some employees in a stock ownership plan. The statewide expansion has been a big success. Financial advisors have suggested to Titus that he take the company public. What issues should he consider when thinking about it?