Final answer:
A limited liability partnership (LLP) would be the best way for Mike Hill and Larry Wright to start their partnership offering accounting services. It provides the benefit of limiting liability to the partner's investment in the company, protecting their personal assets. It is commonly used in professional services businesses like accounting firms.
Step-by-step explanation:
The best way for Mike Hill and Larry Wright to start their partnership offering accounting services would be a limited liability partnership (LLP). An LLP provides the benefit of limiting the partner's liability to their investment in the company, which means their personal assets would not be at risk if the company were to fail. It is a popular choice for professional services businesses like accounting firms, where partners want to share profits and responsibilities but also protect themselves from personal liability.