Chapter 13 posting - Chapter 13 Business Organizations I...

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Business Organizations I. Forms of Business Organization – see chart p. 361 A. Sole Proprietorship 1. responsibilities 2. guiding principle B. General Partnership 1. definition 2. common law vs. UPA 3. partnership agreements a. oral or written b. written – basics, finances, management, and dissolution 4. duties of partners – fiduciary duty 5. presumption of equal control 6. realities of business arrangement – Lubritz 7. termination, dissolution, and winding up C. Limited Partnership 1. definition 2. formation 3. relationship of parties a. general vs. limited b. Carella 4. termination D. Corporations 1. Definition 2. charters vs. general incorporation statutes 3. Creation a. articles of incorporation b. certificate c. bylaws 4. Legal entity status 5. close vs. public corporations 6. Relationships of parties within corporations a. Shareholders i. rights and responsibilities ii. elections and proxy voting iii. resolutions iv. obligation to creditors b. board of directors
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Chapter 13 posting - Chapter 13 Business Organizations I...

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