What are 2 types of business structures that they might use


Dean and Sam want to enter into business with their buddy Bobby. Bobby has the money to invest and Dean and Sam have the ability to do the work and invest sweat equity. Bobby wants to limit his liability as much as possible to protect his personal assets. Dean and Sam want as much control and management responsibilities as possible. What are 2 types of business structures that they might use for their business that satisfies their goals? What are the advantages and disadvantages to those structures?

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