Once you ask for equity financing, does that mean you are no longer a sole proprietor?

hangabounga

New member
Hi, I'm have some doubts about equity financing, partnership and corporation. I hope someone could help me.

Once you ask for equity financing (and receive it), does that mean you are no longer a sole proprietor? Because equity financing means that your investors will own part of your business right?

And once you receive equity financing, does that mean you have incorporated or have partnered up?

thanks. I really appreciate it.
 
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