A short & happy guide to business organizations

Short and Happy"? This book is indeed "short" - much shorter than any other student guide. The reason is that other student guides are written to help you understand your business associations/organizations course, to get you through 42 or 56 class hours. This student guide is different. It is written to help you understand your prof's final exam questions - to get you through a 3 or 4 hour exam. Rather than teaching you how cases and concepts are applied in the real world, this book teaches you how cases and concepts need to be applied in the "unreal" world of law school exams. This is the book to read after you have spent the semester working on law review (Or was it clinic? Or client counseling competitions? Or Kundalini yoga? Or shape note singing?) instead of Business Associations.*

Contents

• First word

• What you need to know about agency

• What you need to know about financial statements

• What you need to know about your course title

• What you need to know about the legal attributes of a partnership

• What you need to know about starting a partnership

• What you need to know about operating a business as a partnership

• What you need to know about a partnership's adding new partners

• What you need to know about partners' making money

• What you need to know about dissociation

• What do you need to know about partnership dissolution?

• What you need to know about the legal attributes of a corporation

• What you need to know about starting a corporation

• What you need to know about who is liable for a corporation's debts

• What you need to know about a corporations's issuance of stock

• What you need to know about the role of shareholders in running a corporation

• What you need to know about the role of directors and officers in running a corporation

• What you need to know about the legal obligations of directors to the corporation

• What you need to know about the law of shareholder derivative actions

• What you need to know about how insurance, indemnification, and the articles of incorporation protect a director from bearing the financial consequences of breach of fiduciary duty

• What you need to know about dividends and other distributions to shareholders

• What you need to know about close corporations

• What you need to know about federal securities laws for a basic business associations/organizations course

• What you need to know about mergers and acquisitions for a basic business associations/organizations course

• What you need to know about limited partnerships

• What you need to know about limited liability companies

• Last words