Mr. Rectangle desires to form a new company to manufacture and sell to distributors solar

powered water heaters, as a former marine he wants ultimate control of the firm as he charts its

eventual initial public offering (PO). He wishes not to minimize exposure of his personal assets to

lability as to contractual or tortuous claims, currently he has 1123,000.00 in an IRA and needs

startup capital (a capital infusion), Which of the major ways of structuring a company (business

associations) may work well for him and his firm, which will be named "Rectangle"?

1. Corporation
2. General partnership
3. Member-managed limited-liability
4. Limited partnership