Winnie is the sole proprietor of a bee farm that sells honey and wax mainly to food and consumer product manufacturers. Winnie thinks that keeping his company as a sole proprietorship exposes him to too much liability.

• If Winnie converts his sole proprietorship into a partnership by bringing on Piglet as a partner, will Winnie and Piglet limit their personal liability? Explain why? (5 pts)
• If Winnie converts the sole proprietorship into a corporation, will Winnie limit his personal liability? Explain why? (5 pts)
• If Winnie converts the sole proprietorship into a Limited Liability Company, will Winnie limit his personal liability? Explain why? (5 pts)

Extra Credit: If Winnie converts the sole proprietorship into a Limited Partnership, will Winnie limit his personal liability? Explain why? (5 pts)