CORPORATION STOCK
CORPORATION STOCK
Can a partnership (not corporation) issue stock?
I need to know if a partnership can undergo an IPO or if this is only an option available to corporations. If a partnership can publicly sell its stock, does anyone know where in the SEC I can find the regulations?
No. A partnership is owned by the partners.
A corporation is owned by the stockholders.
You need to create a corporate entity to sell stock.
You can contractually sell portions of your partnership, but that is not stock.
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