The Law of Corporations and Other Business Organizations

Chapter 6 -

Introduction

The goal of this chapter is for students to become
familiar with the following terms and
topics concerning limited liability companies:

• Limited liability company, member, and manager
• Limited liability company characteristics
• Limited liability company law in the United States
• Rights and responsibilities of limited liability company members and managers
• Advantages and disadvantages of doing business as a limited liability company
compared to other forms of business organization
• Limited liability company organization and management
• Formalities for forming, operating, and dissolving a limited liability company
• Limited liability company lawsuit options
• The role of the paralegal who works with limited liability companies
• Resources to assist paralegals working with limited liability companies

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.