Three Construction Contractors Decide to Form a Real Estate Development

Multiple Choice

Three construction contractors decide to form a real estate development firm where they will share ownership and decision making. They would like the ability to allow others to "buy in" to the business, but only if those people will be active participants who can add value to the existing ownership team. Which form of business should they most likely choose?

A) sole proprietorship
B) syndicate
C) partnership or LLP
D) joint venture