Agency, Partnership - LLC
Pre or Co-requisite: Corporations. Students with the appropriate background may obtain the instructor's permission to waive the requisite.
The law of Unincorporated Business Associations has undergone a revolution in the last few years. New York enacted a new Revised Limited Partnership Law. A revised Uniform Partnership Law was prepared by the Commissioners on Uniform State Laws and adopted by many states. Limited Liability Company (LLC) and Limited Liability Partnership statutes have been passed by many states including New York. This course covers the basic law of Agency, including the Restatement of Agency 2nd, and the law of Partnership, including limited partnerships and the new statutes. It includes the new LLC law, how to prepare and file the necessary papers for organization of a LLC and the new sections of New York law on how to organize a Limited Liability Partnership.Grading and Method of Evaluation
Letter grade only. Final exam.