Alternative Business Entities

Catalog description

This course deals with an increasingly important area of law for any lawyer contemplating a transactional or finance practice. Alternative business entities - LLCs, partnerships and business trusts -- not corporations -- have become the entities of choice for many businesses, large and small, simple and complex. These days, more LLCs are being organized than corporations incorporated. The course will examine the differences and similarities among alternative business entities; how they are created, managed, and operated; and the fiduciary and other relationships among participants in each type. How to choose the right kind of entity in the context of business transactions will be considered. The course will also include drafting exercises geared toward practical skills and an introduction to the use of alternative entities in cross-border or international financial transactions.