LEGAL 260 - Corporations

5.0 Credits
A survey of the law of corporations and other business organizations, including limited liability companies and partnerships. Topics include business planning, corporate governance, fiduciary duties, shareholder liability and rights, and transactions in shares. Students examine agency law, mergers and acquisitions, and federal securities. No exposure to accounting, economics, or finance is needed for this course.
Prerequisite LEGAL 200 or instructor permission.
Course-level Learning Objectives (CLOs)
Upon successful completion of this course, students will be able to:

Identify and analyze the respective advantages and disadvantages of conducting business as a sole proprietorship, partnership, limited liability company, and corporation.
Explain the functions, responsibilities, and liabilities of sole proprietors, partners, shareholders, and corporate officers and directors.
Explain the types of securities and basic requirements regarding state and federal registration of securities.
Analyze major structural changes to corporations and determine the necessary forms to be filed.
Explain the rights of minority and dissenting shareholders.
Research the laws relevant to forming and maintaining business entities.
Prepare documents and follow procedures for forming various types of business entities under state and federal laws.