Betty's Ice Cream, based in Anywhere, USA is a partnership formed in 1994. It is owned by two family members. At the outset, one of the most important decisions Betty faced was choosing an appropriate legal ownership structure for the new business. Fueled by the founder's dedication to creating wonderful ice cream memories for customers, Betty's Ice Cream has continued to evolve and grow. The company now operates fourteen stores and rings up close to $5.5 million in annual sales. Do you think a partnership is the right organizational structure for Betty's? If one of Betty's partners decides to leave the business, what options would Betty have for legal structure? You are thinking