Stacey and Kim are interested in starting a dog toy business together. Stacey is a designer and Kim has a background in retail sales. They plan to create a toy line and sell the dog toys Stacey designs, as well pet merchandise created by other up and coming designers, at one or more retail stores. They need your help to decide what type of business entity they should use for their business.

What type of business entity do you recommend that Stacey and Kim use to run their business? Why?

What steps must Stacey and Kim take to create the business entity you recommended in question

Assume that Stacey and Kim took the steps to create the business entity you recommended, and that they are successfully operating a retail store. A customer slips, falls, and is injured at the store. The customer sues. Based upon the business entity Stacey and Kim have formed, what liability do Stacey andor Kim have to the customer? Explain.