Dan,Fran,and Stan Want to Establish and Operate a Mountain Bike

Dan,Fran,and Stan want to establish and operate a mountain bike sales and rental shop.Dan and Fran will be actively involved in the management of the business,but Stan is investing most of the money.The three of them do not want to form a corporation,but want to use a form of business,if possible,that will give limited liability to each of them.Which of the following is true?

A) Because Dan and Fran will be actively managing the business,there is no form of business other than a corporation that will give them limited liability.
B) They could form a limited liability company and this would give limited liability to each of the three owners.
C) They could form a limited liability company and each have limited liability,but if they formed either a limited partnership or limited liability partnership,there would be at least one partner with unlimited liability.
D) They could each have limited liability in a properly formed limited partnership,limited liability partnership,or limited liability company.