Franco and Melanie Start a New Business Called F&M Delivery

Essay

Franco and Melanie start a new business called F&M Delivery. Franco contributes $50,000 in cash and Melanie contributes a fleet of vans worth $80,000. The business assumes Melanie's $30,000 debt on the van. The business borrows $500,000 to purchase necessary buildings and for working capital. They anticipate that the business will suffer losses for at least three years before it becomes profitable. Which entity forms would be appropriate for Franco and Melanie's new business?