Litigation arising from employee misconduct prices employers billions of dollars yearly. “Going public” through a course of generally known as an initial public offering (IPO) implies that a part of the enterprise will be owned by members of the general public. This requires the group as a definite entity, to disclose info to the general public, and adhering to a tighter set of laws and procedures. Most public entities are companies which have offered shares, but more and more there are also public LLC’s that sell units (generally also referred to as shares), and other more exotic entities as well, equivalent to, for instance, real property funding trusts within the USA, and unit trusts in the UK. A common partnership cannot “go public”.
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