Question: Misty is hoping to develop certain property. However, she lacks the financial resources to get the project off the ground ( e . g .

Misty is hoping to develop certain property. However, she lacks the financial resources to get the project off the ground (e.g. purchase land, engage architects and builders). Her aunt has expressed interest in investing in the project, but is too busy to take an active managerial role and is concerned about liability. Based on these circumstances, which of the following business forms would be the most appropriate for Misty?

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