Dairy Stores Inc. owns and operates convenience stores. The firm wants to make an initial public offering of securities. If Dairy qualifies for an exemption from the federal registration requirement, the firm is a. subject to all state registration requirements. b. not necessarily exempt from a state registration requirement. c. not subject to any state securities laws. d. exempt from any state registration requirement.

Respuesta :

Since the store qualifies for an exemption from the federal registration requirement, the firm is not necessarily exempted from a state registration requirement.

What is a federal registration requirement?

This refers to any federal requirement for a business which must be registered in order to ensure its validity, enforceability, admissibility etc of the business.

The convenience stores is not necessarily exempted from a state registration requirement despite that its qualifies for an exemption from the federal registration requirement.

Therefore, the Option B is correct.

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