Identify which type of business is best for each scenario:

1-Griselda and Murray own a store that sells window shades and drapes. Griselda sews the drapes and Murray manufactures the shades. They co-manage the business and share profits. Unfortunately, the store is located on a road that gets very icy in winter. Despite having insurance, Griselda and Murray are concerned about protecting their personal assets should a customer sue them. What business structure would be best for Griselda and Murray?

2-Pfizer Pharmaceutical, Inc. and Novartis Pharmaceutical, Inc. enter into a contract to combine resources and make a universal vaccine that will vaccinate people against every variant of Covid-19. What business structure is this?

Joint Stock Company
Franchise
Limited Partnership
Sole Proprietorship
Syndicate
Limited Liability Partnership
Joint Venture
Partnership
Business Trust
Cooperative