LAW - 611 Business Associations

(4 hrs.)

The state laws governing business entities with an analysis of legal and business considerations, including basic tax questions leading to business associations in corporate and unincorporated form. Agency and judiciary principles applied to business associations are analyzed in relation to corporations and partnerships. Topics include the creation of general and limited partnerships; the relationship of the partners inter se, and of the partners and the partnership to third parties; the creation, form, and nature of the closely held corporation; rights and duties of shareholders, directors, and officers; rules relating to dividends and dissolution; and an introduction to applicable provisions of federal securities laws.