Alice, Barney and Cathy want to establish and operate an ice cream shop. Alice and Barney will be actively involved in the management of the business, but Cathy is investing most of the money. The three of them don't want to form a corporation, but want to use a form of business, if possible, that will give limited liability to each of them. What type(s) of business entity(ies) can they use to achieve their goal

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Alice Barney and Cathy can consider forming a Limited Liability Company LLC to achieve their goal o... View the full answer