The Law of Corporations and Other Business Organizations

Chapter 3 - General Partnerships

Introduction

The goal of this chapter is for students to become familiar with the following terms and topics concerning general partnerships:

• Partner and partnership
• Elements of a partnership
• Rights and responsibilities of partners
• Advantages and disadvantages of doing business as a partnership compared to other forms of business organization
• Partnership organization and management and the importance of the partnership agreement
• Formalities for forming, operating, and dissolving a partnership
• The role of the paralegal who works with partnerships
• Resources to assist paralegals working with partnerships

After reading this chapter in the book, use the Study Support Tools on left side of this page to reinforce the textbook. It is recommended that you use the tools in order from top to bottom.

Good Luck!