The best business formation license for a Fruit Stand would likely be a Sole Proprietorship or a Limited Liability Company (LLC). A Sole Proprietorship is the simplest form of business structure, with minimal paperwork and low start-up costs, making it suitable for a small business like a fruit stand. An LLC provides limited liability protection for the owner, which can be beneficial in case of any legal issues or debts. However, it requires more paperwork and has higher start-up costs than a Sole Proprietorship. Ultimately, the choice depends on the specific needs and circumstances of the fruit stand owner.