please. explain in detail.

3. LMN Pty Ltd is a new company with an interesting new service that shows great potential. However, the company needs more longterm nance to grow. Its founder, Harpreet, is an expert in her area but she knows 1very little about business. She is currently the only shareholder of the company and has no family or friends that could provide further financing. 1't'ou have been asked to meet her on a 1wideo call to explain sources of longterm nancing. You have decided to keep it simple and explain the difference between debt and equity, and provide an example of each that would apply to a startup business such as LMN