• Choose which type of business structure would be most appropriate for the situation.
• List pros and cons of the recommended structure.
• List the steps required for creating this type of business structure.
• Include legal considerations and examples of related legal issues, including personal liability and taxes, as well as profit distribution, if applicable.

Karen and Alex have worked together to create a concept to form a website development company. To do this, they have asked three associates to invest their own money in the business in return for receiving a percentage of the profits. The three investors will not need to be involved in any of the day-to-day management or conducting of business in the proposed company.