Problem:
Daniel and Kelly want to go into business together to operate a pizza restaurant. Kelly has $50,000 to invest in the business but very little time to devote to the day to day affairs of the business. Daniel has recently been laid off from his job. He requires a regular income. Daniel makes the best pizza in the State of Connecticut.
Please discuss what type of business entity would best serve their purpose. Please reference which documents you would need to draft an order to create the business entity. Finally, please discuss how you would draft the documents to suit both of their needs.