Question 3: When Snow White and the Seven Dwarves started their own apple business, they each contributed equal amounts of capital but did not sign a formal agreement. They all jumped right in and started working on growing their business. Ten years later, Snow White and the Seven Dwarves have formalized their business. They registered their business with the State of Disneyland, and now have 80 shareholders. They purposely limited the number of shareholders their business could have, so they could enjoy the benefits of being taxed like a partnership. 1. Based on the facts presented, what form of business ownership did Snow White and the Seven Dwarves initially form? Why did you select this organization? How would any profits be divided between the owners? 2. Based on the facts presented, what form of business ownership did Snow White and the Seven Dwarves form 10 years later? Why did you select this organization? How would any profits be divided between the owners