Larry and Tom own a hardware store. To me there are two possible ways to use the possessive form:
Larry and Tom's hardware store.
Larry's and Tom's hardware store.
The first speaks and reads better - and I think is correct due to elision. (?)
Is the second grammatically correct ? It just sounds too clunky to me.
I'm a native speaker and write a lot, but this one's bugged me for years. It's probably a dupe question (sorry), but I can't find the answer here or in style books.