Advice Needed: Pinoy + American partnership for small business, worth it?

Guys, need advice from business owners with foreign investors/partners, is it worth the hassle?

Me and my friends (1 Pinoy, 2 from US) want to start a small business (laundromat, 2-3M Capex + cash flow), plan is after testing the waters we would expand.

a. Anong business set-up ninyo? Partnership / Sole proprietor / Contract / LCC? etc.

b. Anong recommended bank and account type ang pwede namin iopen?

Suggestions and opinions are welcome, thanks.