Unincorporated Associations

This course introduces students to the main features of leading forms of unincorporated business associations, including limited liability companies (LLCs), partnerships, and limited partnerships. Topics covered include choice of entity, management structure, fiduciary duty, financial rights, transfer rights, and dissociation and dissolution, as well as the differences of these entities relative to corporations. This course is intended to be practice oriented and will survey the practical issues arising out of the formation, governance, operation and dissolution of unincorporated business associations.