Peter Piper approached Jane B. Nimble about becoming a partner or active owner in a firm that destroys environmental waste. While Peter would like to become an active owner in the firm, he is concerned about his liability because he has recently inherited a lot of money. In this situation, Peter should ________.
1) become a general partner with a majority ownership interest in a partnership.
2) become a sole proprietor.
3) become a general partner with a minority ownership interest in the business.
4) become a member in an LLC.
5) become a limited partner in a limited partnership.