Business Associations I

Catalog description

Credits 3. 3 Lecture Hours. Basic principles of varying business entities used to conduct ventures for profit; fundamental agency principles, partnerships, limited liability companies, and corporations; how business organizations are formed; powers and responsibilities of their respective partners, members, officers or directors; shareholder's rights and liabilities; primary focus on corporation and corporate law; includes pre-incorporation issues, the corporate formation process, and corporate capital and financing; business entity taxation concepts may be covered as well; foundational and practical knowledge of how business organizations work; assessing which type of business organization is best suited for a particular client's objectives; legal formalities necessary in forming said organization; understanding the rights, duties and obligations for those affiliated. Prerequisite: One year of law school in the full-time or part-time program.