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Identify the type of business entity described here: Identify the type of business entity described here: 1.Simone and her sisters own a'business. While on company

Identify the type of business entity described here:

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Identify the type of business entity described here: 1.Simone and her sisters own a'business. While on company business, Simone causes an accident that injures a pedestrian. The pedestrian can sue Simone or her sisters sepa'rately or all of theme 2.Assume the same facts as #1, but the pedestrian can only sue the business itself, not Simone or her sisters. 3.Simone owns a business where she employs family members. She reports her profits from the business on her personal income tax. ' 4.Simone receives a percentage of profits each quarter from a business in which she is a part owner but has no involvement in running the business. 5.Sim0ne owns a business with her sisters. They all work and share equally in the profits and losses

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