Two CPA firms, one having $70$ partners, and one having $40$ partners, are planning to merge and form a new CPA firm. They want to use a form of business organization that will give each of the owners of the new firm limited liability. What are the available options to meet this goal?

a limited liability partnership or a limited liability company

a limited liability partnership, a limited liability company, or an S corporation

a limited liability partnership, a limited liability company, or a limited partnership

a limited liability partnership, a limited partnership, or an S corporation

a limited liability limited partnership or an S corporation