Unincorporated Business Entities | Professor Ribstein
This course covers the law and policy of unincorporated business entities, i.e. partnerships, including the limited partnership (LP) and limited liability partnership (LLP), and the limited liability company (LLC). While the course covers the law of agency in the first two weeks of class, the main focus is on partnerships and LLCs, from an analytical and a planning perspective, including considerations relating to choice of business form. We will analyze both the formation and operation of closely held businesses, including law firms, and the increasing use of unincorporated forms of business organization in areas such as venture capital, private equity and publicly traded firms.