Your client, who is wealthy and in the top marginal income tax bracket, is interested in purchasing a franchise with some of his friends. After carefully reviewing the proposal, you have determined that apart from a large up-front investment, the business will not need to retain income and income generated in future years will be paid out to the investors. Further, your client wants to be assured that after investing so large an amount, the business would not be disrupted if one of his partners lost interest, encountered personal financial reversals or died.

What legal form of business meets the requirements of your client given these circumstances?

Group of answer choices:

A C corporation

A general partnership

A LLC

A limited partnership