Business Entity Fundamentals - Fall 2019

There are several things you should know if you sign up for this section of the course:

1.  It is NOT purely a bar preparation course.  While we will cover fundamental business law doctrine, my primary purpose is to teach the kind of business law that business lawyers need to know.  Hence, we get involved in a lot of business context. 

2. I firmly believe that business lawyers have to have some familiarity with financial concepts.  Hence, there is some simple arithmetic and algebra in the course. 

3. There are different approaches to teaching this material.  One is to proceed from organizational form to organizational form:  first study agency, then partnership, then corporations, etc.  The other is to teach the material comparatively.  I opt for the latter.  We do an overview of the fundamentals of sole proprietorship, partnership, corporation, and LLC at the beginning, and then study topics like ownership and management, financial rights, and fiduciary duties where we see more vividly the similarities and differences.

4. Unfortunately, there is still no casebook that matches my teaching format precisely for the combined entry level course that covers all the forms.  For many years I only taught the LLC & Partnership course.  As to that course, I was a co-author of a casebook and designed to match my format.  In this course, we will use that book along with a relatively inexpensive book on Corporate Law, and cases I will make available on Blackboard.

5. As noted in the Syllabus, I am going to change the grading method on account of the sheer size of the class.  One-half of the grade will be based on the aggregate of open-book quizzes to be administered through Blackboard at the end of each unit (you must do the quizzes on your own).  One-half of the grade will be based on a closed book multiple choice final.

6. With the caveat that it is subject to change, you can find the anticipated syllabus for the 2019 version of the course here.

© Jeffrey Lipshaw 2013