I. Law of Agency. Introduction. Master-Servant Relationship. Independent Contractor. Principal-Agent Relationship. Method of Creation. Types of Authority. Scope of Authority. Duties. Liabilities. Termination.
Chapter Review. Terminology. Exercises.
II. Sole Proprietorship. Introduction Creation. Operation.
Chapter Review. Terminology. Exercises.
III. General and Limited Partnerships. Introduction. General Partnerships. Creation. Partnership Interests: a. Physical Assets. b. Management and Control. c. Income and Profits. Operation. Benefits and Detriments. Limited Partnership. Creation: ULPA and RULPA. Operation Benefits and Detriments.
Chapter Review. Terminology. Exercises.
IV. Miscellaneous Business Formats. Introduction. Joint Venture. Joint Stock Company. Business. Trust.
Chapter Review. Terminology. Exercises.
V. Overview of Corporations. Introduction. Formation. Directors. Shareholders. Taxation: Subchapter S.
Section 1244. Hybrid Corporation: a. Close Corporations. b. Professional Corporations. c. Foreign Corporations. d. Not-for-Profit Corporations.
Chapter Review. Terminology. Exercises.
VI. Forming the Corporation. Introduction. Certificate of Incorporation. Defects in Formation.
Chapter Review. Terminology. Exercises.
VII. Financing the Corporation. Introduction. Bonds, Debentures and Promissory Notes. Common Stock. Preferred and Selling Securities.
Chapter Review. Terminology. Exercises.
VIII. Managing the Corporation. Introduction. Board of Directors. Officers. Shareholders.
Chapter Review. Terminology. Exercises.
IX. Dividends and Distributions. Introduction. Source of Funds. Types ofDividends. Taxation.
Chapter Review. Terminology. Exercises.
X. Shareholder Agreements. Introduction. Voting Trusts. Pooling Agreements.
Chapter Review. Terminology. Exercises.
XI. Structural Changes. Introduction. Amendments and Changes. Bulk Transfers. Mergers, Exchanges and Consolidations. Dissolution.
Chapter Review. Terminology. Exercises.
XII. Limited Liability Companies. Introduction. Creation. Operation. Advantages and Disadvantages.
Chapter Review. Terminology. Exercises.