Legal Memo/Argument/Analysis/Paper consists of three components; each is a separate assignment and each is graded. Specific instructions for each assignment are at the
Watch the video “How to Get an A on Your Legal Memo Assignment”, link below.
After completing all the tasks in this week, students will be able to:
Prepare a preliminary outline of a major project after conducting preliminary quality research.
Describe the sole proprietorship form of doing business including advantages and disadvantages.
Describe the partnership form of doing business including its advantages and disadvantages.
Describe the limited liability company form of doing business including advantages and disadvantages.
Describe the corporation aka corporate form of doing business including its advantages and disadvantages.
Describe how a partnership is created.
Explain the liability of sole proprietors, partners, shareholders, and owners of a business for the debts of the business.
Define capital stock
Explain what dividends are and how they may be paid.
Explain how a corporation is managed including the duties of stockholders, directors, and officers.
Item
Week 3 Task Summary
Read
Miller, Chapter 18: The Entrepreneurs Options
Miller, Chapter 19: Corporations
Chapters 1-4 of the reading below “Introduction to the Study of Law.” This was assigned in Week 1 and 2 — concepts from these chapters are challenging so we will review them this week and retest on them as well.
View
PPT: River of Law
Video: Business Entities or Types Explained (view this before the PPT below)
PPT: Liability for Business Debts