Download e-book for iPad: A Legal Guide to United States Business Organizations: The by John M.B. Balouziyeh

By John M.B. Balouziyeh

ISBN-10: 3642379060

ISBN-13: 9783642379062

ISBN-10: 3642379079

ISBN-13: 9783642379079

This quantity presents an summary of usa federal and country legislation governing enterprise businesses. The chapters take the reader via a step by step exposition of the main easy sole proprietorships to the main advanced multi-tiered conglomerates. one of the enterprise enterprises handled are partnerships with their a number of modalities (general partnerships, restricted partnerships, constrained legal responsibility partnerships), organisations (including heavily held businesses, public businesses and different adaptations) and constrained legal responsibility businesses.

The case legislations and statutes governing the whole menu of industrial businesses are systematically analyzed and provided. prime instances at either the federal and nation point in addition to version laws corresponding to the Uniform Partnership Act and enacted laws are additional tested.

Other issues lined contain business enterprise and partnerships, Accounting, taxation and finance, Startup firms and enterprise capital, Fiduciary tasks and shareholder keep an eye on, Mergers and acquisitions.

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Extra info for A Legal Guide to United States Business Organizations: The Law of Partnerships, Corporations, and Limited Liability Companies

Sample text

1984), a law firm dissolved into two new firms and the plaintiff sued for an accounting of the attorney fees acquired during the dissolution. The court held that quantum meruit is not the proper doctrine to use in dividing assets; rather, the partners should continue to receive fees as they did in the former firm, regardless of which attorneys actually worked on particular cases. 4 In Meehan v. Shaughnessy (Mass. 1989), for example, two departing partners sued to recover monies they claimed were owed to them by their law firm.

Thus, the court did not enjoin the plaintiff from expanding its business. However, the court also held that the defendant could not distribute its corporate profits for the benefit of the public at large by reducing the prices of its cars, since the primary purpose of a corporation is to provide profits for its shareholders.

In this way, he benefitted his own firm and detrimented the joint venture. When the plaintiff found out, he sued to enforce the lease as property of the joint venture. The court held that the defendant violated his fiduciary duty when secretly appropriating the lease to himself. The dissent, however, disagreed, arguing that this case was not about a general partnership. Rather, a limited partnership lasts only as long as the lease. Under these circumstances, the defendant violated no fiduciary duty.

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A Legal Guide to United States Business Organizations: The Law of Partnerships, Corporations, and Limited Liability Companies by John M.B. Balouziyeh

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