“Going public” via a course of referred to as an initial public offering (IPO) implies that part of the business will likely be owned by members of the public. This requires the organization as a definite entity, to disclose info to the general public, and adhering to a tighter set of legal guidelines and procedures. Most public entities are corporations which have offered shares, but increasingly there are additionally public LLC’s that promote models (generally also referred to as shares), and other more unique entities as nicely, such as, for example, actual property funding trusts in the USA, and unit trusts in the UK. A normal partnership cannot “go public”.
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