Legal Aspects of Business Organizations
Course Number: 10110107
Credits: 3.00
Course Description
10-110-107 LEGAL ASPECTS/BUSINESS ORGANIZATIONS ...exploration of formation, operation, and dissolution of types of business organizations, and substantive and procedural law involving business organizations. (Associate Degree Prerequisite: 10-110-101, Paralegal Intro/Legal Ethics with a "C" or better; Technical Diploma Corequisite: 10-110-101, Paralegal Intro/Legal Ethics)
Course Typically Offered
Most NWTC classes are offered in 8-week sessions. Learn more about how our class schedule can help you succeed.
Course Competencies
- Differentiate between the characteristics of sole proprietorships, partnerships, limited partnerships, registered limited liability partnerships, corporations and limited liability companies.
- Contrast the laws involving sole proprietorships, partnerships, limited partnerships, registered limited liability partnerships, corporations and limited liability companies.
- Determine the appropriate business organization for a business to adopt.
- Determine which legal documents are necessary to create sole proprietorships, partnerships, limited partnerships, registered limited liability partnerships, corporations and limited liability companies.
- Prepare documents necessary to form a Wisconsin limited partnership, registered limited liability partnership, corporation and limited liability company.
- Differentiate between various types of corporate forms (close corporations, non-profit corporations and professional corporations)
- Describe the different types of corporate relationships
- Identify the requirements for operating as a foreign corporation
- Describe the rights and obligations of corporate stockholders, directors and officers
- Differentiate between various corporate structural changes (consolidation, mergers, stock exchanges)
- List the various grounds and procedures for terminating/challenging corporate existence
- Identify terminology relating to business litigation