Burberry mills sold stock to an insurance company to raise needed financing for expansion and new product development. this type of transaction is referred to as a(n)

If Burberry mills sold stock to an insurance company to raise needed financing for expansion and new product development, then he is making a private placement. It is the method of raising funds or capital by selling securities, bonds or stocks directly to any private investor instead of being a part of public offering. These private investors are typically insurance companies, mutual funds, pension funds and large banks. This placement is not needed to be registered with the SEC or the Securities and Exchange Commission since it is being offered only to selected individuals. Also, a detailed financial statements are not needed to be disclosed.

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They are enjoying the advantage of independence while running their own small business. they can go where they want when they want to, because they control the restaurant's hours. they can also make time for life emergencies, and set the hours to be when they do the best cooking.