Stacey is a university student and a year ago she won an Early Concept Grant of $2500 to develop her innovative idea. Over the past year she has developed a stick-on solar panel for mobile phones that will help extend a phones battery life by up to 10 hours. She has sold the first prototype on campus and the feedback has been incredibly positive. Stacey is now thinking of setting up her own business. She wants to rapidly expand, and grow her production capabilities. However, Stacey has very limited capital, and would not be able to finance such rapid growth by herself.

State and explain what form of business you think would be best for Stacey. Ensure that you help justify your decision by explaining why the other forms of business may not be appropriate for Stacey.