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Two recent business graduates from RYERSON university have decided to start a paintball war games business with the name Take No Prisoners. They have decided

Two recent business graduates from RYERSON university have decided to start a paintball war games business with the name "Take No Prisoners". They have decided to rent a large abandoned warehouse and construct various game areas on it.

What advice would you give these students in terms of

  • the most appropriate legal form for the business and why.
  • What potential liabilities the new business might face
  • How could the risk of these potential liabilities be best mitigated?

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