Advanced LLCs and Partnerships

This course exposes students to a deeper focus and more advanced topics involved in the leading forms of unincorporated business associations, including limited liability companies (LLCs), partnerships, limited partnerships, and limited liability partnerships. Topics covered include authority and management structure, fiduciary duty, financial rights, partnership taxation, transfer rights, and dissociation and dissolution. The course is structured around a series of exercises in which students negotiate, draft, and analyze the governing agreement for a simulated LLC.