I would prefer a limited partnership corp. because being a limited partner puts a limitation on liability with respect both to potential lawsuits and money; the limited partner is only going to be liable for the amount of capital it contributed to the business; a business creditor cannot come after the limited partner’s personal assets. It is also easier to attract investors because limited partners have limited liability to the business debts. Profits and losses pass through the business to the partners, who are taxed on their own personal income tax returns (one-time tax) and finally less paperwork. Like Dr. Simon has mentioned about a home bakery, if I were to open a small coffee shop/bakery, then this would be ideal for me.