I am struggling with the scenario below, is anyone able to help guide me through it?

Smith & Jones is a partnership engaged in the trucking business. Mr. Smith and Mr. Jones are general partners and are equally invested in the business. A friend, Mr. Green, has advanced a good deal of money to Smith & Jones for the operation of the trucking business because "[he] always loved trucks." Jones realizes that he is liable personally not only to Green for the money but for anything else for which the partnership is liable. He meets with Smith about changing the partnership to some other form of business.

What other business structures would meet their needs?

How would they go about changing the form of the entity and to what extent can they accommodate the interest of Green, who wants his investment returned?

Assume the Smith & Jones decide to incorporate..

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