Business Organizations

Catalog description

(Formerly PLG 242) This course focuses on the law of business organizations. It introduces various business entities, such as, sole proprietorships, partnerships and corporations. Each business entity is discussed using a logical life cycle approach; what documents are required to form such an organization, characteristics, advantages, disadvantages, operation, dissolution and tax consequences. Emphasis in the course is on corporations from formation to dissolution. What necessitates the change of a corporate structure and how to implement such change are part of the discussion. The importance of working within the realm of ethical practice in business is impressed upon the students.