Sharon and David are dermatologists who have created a skin care line to help with blemishes and wrinkles. They'd like to go into business selling their products.

They want the personal asset protection of a corporation but don't want the regulations and increased paperwork associated with a corporation. Which form of

business ownership would best suit their needs?

a$.$ Limited$-$liability company $($LLC$)$

b$.$ Limited partnership

c$.$ General partnership

d$.$ Joint venture

e$.$ Sole proprietorship