Business OrganizationsSLN #: 13107
Course Prefix: LAW-654
Course Section: 001
Credit Hours: 3
Business enterprises can be organized in various ways to achieve different goals related to division of labor, allocation of risk, taxation, or entitlement to profits. Lawyers are often called upon by business people to help them define their goals, and then select the form of organization through which they can most likely achieve them. This course surveys the basic laws governing different types of business organizations, including sole proprietorships, partnerships, corporations and LL.C.s. We will study how different types of business organizations are formed and regulated, both on the state and federal level, and how those rules affect one’s choice of entity. We will also study the legal and social policy issues that business organizations raise, focusing on the legal standard of conduct expected of companies, their owners and managers.
No background in business, accounting, or finance is required.
ATTENDANCE POLICY: Attendance mandatory and participation is expected. Problems to be discussed in class may be assigned. Substantial information will be delivered in class that is not in the written course materials.
Credit Hours: 3
Grading Option: Letter Grade Only
Graduation Writing Requirement: No
Flexible Writing Requirement: No
Skills Requirement: No
Experiential Learning: No
Final Exam Given: Yes
Final Exam Type: In-Class - Completely Secure
Attendance Policy: Per Statement of Student Policies
Additional Attendance Policy: Yes. Participation in class discussion is expected.