LAW 7146 - Business Associations

This course offers coverage of both fundamental agency law principles and an in-depth study of the law governing various business forms/entities, including sole proprietorships, general partnerships, corporations, limited partnerships, limited liability companies and limited liability partnerships. In addition to addressing basic questions of formation, students will acquire an understanding of the law governing various aspects of business operations and growth, the means by which investors and other stakeholders may legitimately obtain a return on their investment, the extent of personal stakeholder liability with respect to business obligations and other topics of relevance. Coverage of various business entities in the context of a single course offers students the opportunity, via comparison and contrast, to appreciate the unique legal character of specific business forms. This knowledge will enhance their ability to advise clients with respect to which business entity best achieves their clients’ overall business objectives. The course also serves to prepare students for advanced study in arenas in which prior knowledge of various business entity fundamentals is assumed. Students who have completed the course in Corporations may not enroll in this course. (Offered every year.) 4 credits