James Cameron is a Hollywood film director. He is excited about a new businessproject. He wants to invest in a farm in Saskatchewan that will focus on growing peasand then processing them into a protein supplement. It is an expensive project, butJames has lots of money and isn't really worried about the cost. James decides to workwith two experts in the field, Arnold who is an expert in agriculture and the science offood processing, and Sarah who is well versed in Canadian law, particularly businesslaw. Arnold and Sarah are excited about the project as well and want to invest somemoney, but not as much as James. James, Arnold and Sarah have a shared vision and allagree that they will be able to work together to manage the business.(a) What form of business organization should James, Sarah and Arnold choose - a soleproprietorship, general partnership, limited partnership, limited liability partnership, orcorporation? (b) Why would this form of business organization be best for James, Sarah and Arnold?