Introduction to Business Associations

Introduction to Business Associations

Abel's Law

This is a three (3) hour interactive course with Power Point and checklists. The student will take a business from a sole proprietorship and work it through the different associations to the LLC, to compare and contrast. After completing this course, the student will be able to select the best business association to fit their business plan.

If you have any questions, email us at mabel@wcu.edu

I. Choosing a Business Association

A. Factors Affecting the Choice
B. Forms of Business Associations

II. Formation of General Partnerships

A. Nature of Partnership
B. Formation of a Partnership

III. Relationships among Partners in the Partnership

A. Duties among Partners
B. Rights among Partners

IV. Relationship of Partners and Partners with Third Parties in the General Partnership

A. Contracts of Partnership
B. Torts and Crimes of Partnership
C. Notice to a Partner
D. Liability of Incoming Partner

V. Limited Partnerships and Limited Liability Companies

A. Limited Partnerships
B. Limited Liability Companies
C. Other Types of Unincorporated Business Associations