QUESTION 1

Concerned about the impact of climate change, Greta and Malala decide they want to form a business to develop autonomous vehicles to limit carbon admissions into the environment. Each wants to participate in the management, control and operations of their new business. They also want to limit their personal liability.

Reviewing the different types of business entities we have discussed, please choose one type of business entity they could form and briefly summarize the reason for your choice.