Sophia and Mia are interested in starting a business venture together. The industry they are interested in is very risky, and could end up costing them a lot of money if they fail. Which of the following would be the wisest choice of business structure for Sophia and Mia to pursue?(1 point)
Responses
a corporation
b general partnership
c limited partnership
d sole proprietorship
c limited partnership
A limited partnership would be the wisest choice because it allows Sophia and Mia to have limited liability, meaning their personal assets are protected in the event of business failure. This structure also allows them to bring in additional partners who can invest in the business without being personally liable for its debts.