Rachels business, Wraps and More Restaurant, is booming, and she is considering taking the company public. However, she is trying to understand the reporting differences between a private and public company. What advantages and disadvantages would Rachel face if she stayed private or went public? What would you recommend for her thriving business and why?Justify your responses and be sure to correctly cite and reference your sources. 

Answer rating: 100% (QA)

First we need to understand the key differences between a private and a public company In its simplest terms a private company is owned by the companys founders management or a group of private invest... View the full answer