128 . Dr. Smith, Dr. Stone, and Dr. Fitch are all pediatricians. They want to set up a practice toge ther. Personal incometax rates are lower than corporate incometax rates. They are also concerne d about liability for medical malpractice claims and want protection. They live in the state of Nita, which allows sole proprietorships, partnerships, corporations, professional corporations (PCS), a nd limited liability partnerships. The doctors come to your law firm and ask for guidance in deter mining which type of business entity is best suited for their needs. Your supervising attorney assi gns you the task of drafting a memo analyzing each type of business organization that is available to the doctors in the state of Nita and asks you to recommend one for the doctors. Write a memo a nalvzing each type of business entitV. and select the one that is most aonronriate for the doctors