• LSAP Goal 3 Ecological Economics
  • 8 Decent Work and Economic Growth
  • 9 Industry, Innovation and Infrastructure
  • 12 Responsible Consumption and Production
  • 16 Peace, Justice, and Strong Institutions

About this Course

This course begins with a brief discussion of business risk. It then deals with agency principles and considers whether a business ought to be organized as a corporation, partnership, or other entity (such as LLC or LLP). The course next considers the formation process, capital structure, and limited liability before moving on to cover questions of internal governance. If time permits, we then consider questions particularly relevant to large, publicly held corporations such as social responsibility, corporate accountability, and takeovers. This course does not involve the application of the federal securities laws. The topics are analyzed under common law principles, the Washington Business Corporation Act, and the General Corporation Law of the State of Delaware.

No prerequisites.

This is a bar tested course.