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May 10, 2024
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LEGAL 260 - Corporations, LLCs, and Partnerships
5.0 Credits
Survey of the law, procedures and documents involved in the organization, operation and dissolution of business entities, with emphasis on corporations, limited liability companies, general limited liability, and limited partnerships. Prerequisite
LEGAL 200 or instructor permission. Corequisite
Course-level Learning Objectives (CLOs)
Upon successful completion of this course, students will be able to:
- Identify and analyze the respective advantages and disadvantages of conducting business as a sole proprietorship, various partnership forms, limited liability company, and business corporation.
- Explain the functions, responsibilities, and liabilities of sole proprietors, partners, shareholders, and corporate officers and directors.
- Explain the types of securities and basic requirements regarding state and federal registration of securities.
- Analyze major structural changes to corporations and determine the necessary forms to be filed to complete the change.
- Explain the rights of minority and dissenting shareholders.
- Research in print and electronic sources for statutes and agency rules relevant to forming and maintaining business entities.
- Prepare documents and follow procedures for forming various types of business entities under state and federal laws.
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