Sadie is the president of Sadie's Stuff LLC. She owns 200,000 shares of the company. Sadie will earn a huge profit if the company has a successful __________.

Question

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An initial public offering (IPO) is the first time a company's stock becomes available for the public to purchase. This can result in a huge profit for a company's founders and early investors, including Sadie in this case. It is unlikely that a general partnership or joint venture would result in a large profit for Sadie, and being an equity investor would indicate that Sadie does not actually own the company.

Sadie Is the President of Sadie's Stuff LLC