Business Associations and Relationships
Business Associations and Relationships
Business Associations and Relationships should be practiced as authority, fiduciary duty, entity formation, governance, and liability problems.
Core Buckets
- Agency formation, actual authority, apparent authority, ratification, undisclosed principals, and agent duties.
- Partnership formation, partner authority, fiduciary duties, dissociation, dissolution, and liability.
- Corporations and LLCs, veil piercing, management authority, shareholder rights, director and officer duties, and derivative litigation.
Practice Move
Start with entity status and the actor's role. Authority and duty questions are easier once the legal relationship is fixed.