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Course Descriptions

Course Descriptions

Partnerships and Limited Liability Companies (Spring 2019)

Course Description

A substantial portion of the course will be devoted to understanding how an attorney decides which entity to form for a particular business or transaction and, understanding critical provisions in an entity’s governing documents. 

This course will also cover the formation, features and functions of LLCs, general partnerships, and limited partnerships.  The course will also focus on business planning, recognizing business and legal objectives and selecting the appropriate entity to accomplish these objectives.  (Because S-corporations and C corporations are frequently selected as the best entity for a particular venture, the course will include a review of the features and functions of these entities as well.)  The course will also discuss the strategic use of LLCs, the situations in which an LLC should be used and the circumstances in which a corporation might be a better choice.  The goal of this course is for students to begin to develop skills that will help them to understand and evaluate the characteristics of a number of business entities and to determine which entity and which provisions are appropriate for various business endeavors or transactions.  This course is also a prerequisite (or co-requisite) for participation in the Small Business Clinic.

The course is a two (2) unit course and will meet for two one-hour sessions each week.  Grades will be awarded solely on the basis of a final exam and participation points.  Students will be permitted to use computers on the exam.  Students should have completed (or be taking concurrently) Business Organizations.  Students may elect to take this course CR/D/F.


Course Details

  • Unit Value: 2
  • Grading Options: Numerical or CR/D/F
  • Schedule: M/W 10:00 am - 10:50 am
  • Room Number: Room 2
  • Exam: In-class exam
  • Writing Requirement: No
  • Skills/Experiential Unit Requirement: No
  • Participation: Required and graded
  • Pre-requisites: Previous or concurrent enrollment in Business Organizations (LAW-603)