Sam and Laurel want to go into business together. There is no gourmet pastry shop in their small town and their plan is to be the first and corner the market. They already have all the money needed to start the company and would like to have some liability coverage while sharing the profits. What type of business structure would be best for Sam and Laurel?
(1 point)
Responses
sole proprietorship
sole proprietorship
general partnership
general partnership
Limited Liability Corporation
Limited Liability Corporation
franchise