REIS, Inc., owns, constructs, and manages 25 shopping malls throughout the United States and Canada. REIS is concerned that the failure of any one mall will be a substantial financial loss that will cause the entire business to fail. What parent-subsidiary structure do you recommend REIS, Inc., create to solve the liability risks of operating 25 malls? What roles will the parent corporation undertake after the subsidiary structure has been established? List the dos or don'ts that will help prevent a piercing of the veils between the subsidiaries and between the parent company and its subsidiaries.
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