Mary, James and John comes to you for advice as to the best type of business to start. They want to set up an entity that will allow their individual assets to be protected from creditors while enabling all three to share profits. 1) Advice Mary James and John of the different business structures that exists 2) Advice Mary, James and John of the advantages and disadvantages of each structure 3) Also provide advice on the type of forms needed to set up each business structure. 4) Finally advise Mary, James and John on the best business structure based on the question.