Closely Held Business Organizations
This course covers the organizational law of small businesses, particularly those with relatively few owners or shareholders. It introduces and compares different types of legal organizations commonly used by small businesses, such as general partnerships, limited partnerships, closely held corporations, and limited-liability companies (LLCs).
Topics include the formation of business organizations, the rights and duties of owners and managers, and the breakup of businesses. The course also covers the law of agency -- that is, the law that addresses the rights and duties that arise when one person acts for another. Prerequisites: None