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Which of the following is not true for a sole proprietor?
Securities Act
Legislation regulating the issuance and trading of securities to protect investors against fraud.
Takeover Bid
An offer or proposal to buy a controlling stake or all of the shares of another company, often as a strategy for acquisition or merger.
Short-Form Prospectus
A simplified document that outlines the key features of a new issue of securities, making it easier for investors to understand.
Prompt Offering Qualification System
A regulatory framework designed to accelerate the public offering process for securities.
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