How would you answer this question, and how would you use the IRAC Method (Issue, Rule, Application, Conclusion) to answer the question?

2. You and nine of your wealthy friends decide to purchase a local minor league baseball team. The purchase price is $15 million, 60 percent of which you contribute to the business as capital. Your nine friends will contribute the remaining $6 million. All 10 of you agree that you will be the sole general man- ager of the business, making all business and baseball decisions, except as you delegate them to employees of the business, such as a team manager or vice presi dent of baseball operations. Due to the way you will account for the purchase of the team and player sal- aries, you expect the business not to make a profit until year 4. You expect that all 10 of you will remain owners of the business for at least 10 years, at which time you expect to sell the team at a profit. Which business form do you believe is best for your business? Why