LLCs and partnerships of all sorts (general partnerships, limited partnerships, LLPs and LLLPs) have become the entities of choice for many types of businesses, large and small, simple and sophisticated. In2006 more LLCs were organized than corporations were incorporated.
The course will examine the differences and similarities of unincorporated business entities (including LLCs and other partnerships); how they are created, managed, and operated; and the fiduciary and other relationships among participants in each form. In addition, issues of choice of entity in the context of common business transactions will be considered. Drafting exercises will be assigned.
Exam Notes: TH
Partnerships & LLC's (M. Bamberg*r)
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