Karen and Alex have worked together to produce a concept to form a website development company. For this to be accomplished, 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. What type of business structure would be most suitable for Karen and Alex? A sole proprietorships, partnerships, limited liability partnerships, limited liability corporations, or corporations? What are pros and cons to the structure that is most suitable? What are the requirements for the business structure most suitable? Legal considerations