Abigail, Blake and Camila plan to launch a business. Abigall will fund the venture but wants to limit her liability to her initial investment. She has no interest in the daily operations. Blake will contribute his full efforts on a daily basis but has limited funds to invest in the business. Camila will be involved as a consultant and manager and will also contribute funds. Blake and Camila are willing to accept liability for the firm's debts as they feel they have nothing to lose by doing so$.$ All three individuals will share in the firm's profits and wish to minimize the initial costs of organizing the business. Which form of business entity should these Individuals adopt?

Multiple Choice

Sole proprietorship