Quiet Running, a closely held LLC, produces electric cars. It recently secured the rights to a patent

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Quiet Running, a closely held LLC, produces electric cars. It recently secured the rights to a patent that will allow it to produce such cars with a cruising range of nearly 500 miles. In order to meet the anticipated demand, it needs a large amount of capital to set up a new factory. You are the corporate counsel and are attending a board meeting when one of the company’s financial advisors suggests that the company “go public” with their stock. What advice would you give as to the potential impact of doing so on the company’s organizational form?

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