Answer:
The fraternity brothers cannot form a sole proprietorship. A sole proprietorship is a business owned and operated by one person. If there are multiple people involved in the business, it cannot be a sole proprietorship.
The fraternity brothers could form a partnership, a corporation, or a limited liability company (LLC). A partnership is a business owned by two or more people. A corporation is a business that is owned by its shareholders, who are not personally liable for the debts of the business. An LLC is a hybrid of a partnership and a corporation, with some of the benefits of each.
Step-by-step explanation: