Sally and wally have a great business idea. they have some money to invest and hope to find more people interested in investing. they are worried about the legal aspects and the liability. the best business form for them is most likely a

The best business form for them is most likely a Limited Liability Partnership. A partnership business form must have a legal agreement, therefore there is less risk to the legal aspect of the business form. Every member of a limited liability partnership is liable only to their investment portion, not to others. Then, the liability may not be a problem to worry.