Problem
Alice, Barney and Cathy want to establish and operate an ice cream shop. Alice and Barney will be actively involved in the management of the business, but Cathy is investing most of the money. The three of them don't want to form a corporation, but want to use a form of business, if possible, that will give limited liability to each of them. What type(s) of business entity(ies) can they use to achieve their goal?