LAW-2199: Business Organizations

This course begins with an overview of the law of agency as a foundational principle on which all legal entities rely. It also examines the different forms of legal entities commonly created to carry on for-profit business activities, with a focus on partnerships, limited liability companies (LLCs), and corporations. Students will learn the different rules for formation and operation, management and control, limited liability status, and fiduciary duties that are associated with each business entity. Students should expect to build foundational skills such as reviewing and drafting organizational formation documents; considering potential strategies for litigation involving the various entities, including both direct and derivative litigation; and understanding the differences between advising the organizational client and counseling managers of the organization.