The Law of Business Organizations: Cases, Materials, and Problems

The law of business associations covers agency, general partnerships, closely held corporations, publicly held corporations, limited partnerships, limited liability partnerships, and limited liability companies. It has been revised, updated, and expanded to reflect the centrality of these forms of business organization in modern law practice and the economy.

Format: Hardback
Length: 1119 pages
Publication date: 01 November 2022
Publisher: West Academic Publishing

The law of business associations is a fundamental topic covered in introductory courses, encompassing a wide range of legal structures and entities. This title delves into the intricacies of agency, general partnerships, closely held corporations, publicly held corporations, limited partnerships, limited liability partnerships, and limited liability companies. It provides a comprehensive overview of these legal frameworks, their formation, governance, and legal implications.

In recent years, there has been a significant revision, update, and expansion of the material related to unincorporated business forms. These forms of business organization have become increasingly important in modern law practice and the broader economy. The book discusses and cites a range of state and model statutes, including the Uniform LLC Act (2013), the Uniform Partnership Act (2013), the Uniform Limited Partnership Act (2013), the Third Restatement of Agency (2006), and the Model Business Corporation Act (2016).

Agency is a fundamental concept in business law, involving the relationship between principals and agents. It explores the legal duties, powers, and liabilities of agents, as well as the rights and remedies available to principals when agents breach their obligations. General partnerships are a popular form of business organization, involving two or more individuals who share in the profits and losses of the business. They require a written partnership agreement and offer limited liability protection to the partners.

Closely held corporations are privately owned businesses with a limited number of shareholders. They offer limited liability protection to the shareholders and are governed by corporate law. Publicly held corporations are owned by shareholders and traded on public stock exchanges. They are subject to extensive regulation and reporting requirements. Limited partnerships are a hybrid of partnerships and corporations, combining the flexibility of partnerships with the limited liability protection of corporations. They require a written partnership agreement and are governed by partnership law. Limited liability partnerships are similar to limited liability companies, but they are typically formed by professionals such as attorneys, accountants, and doctors. They offer limited liability protection to the partners and are governed by partnership law. Limited liability companies are a popular form of business organization, combining the flexibility of partnerships with the limited liability protection of corporations. They are not required to have a separate legal entity and are governed by corporate law.

The law of business associations encompasses a wide range of legal issues and complexities, making it essential for students and professionals in the field. By examining the various legal structures and entities, students can gain a deeper understanding of the business world and the legal frameworks that govern it. The book provides a comprehensive and up-to-date examination of the law of business associations, making it an invaluable resource for anyone interested in this area of law.

Weight: 2006g
Dimension: 199 x 261 x 47 (mm)
ISBN-13: 9781684677481
Edition number: 14 Revised edition