Northeast Wisconsin Technical College
10-110-107 021240 Legal Aspects of Business Organizations
Outline of Instruction

Course Information
Description10-110-107 LEGAL ASPECTS/BUSINESS ORGANIZATIONS ...formation, operation, and dissolution of types of business organizations, and substantive and procedural law involving business organizations.
Total Credits3
Prior Learning Assessments
None
Course Competencies
  1. Differentiate between the characteristics of sole proprietorships, partnerships, limited partnerships, registered limited liability partnerships, corporations and limited liability companies.
  2. Contrast the laws involving sole proprietorships, partnerships, limited partnerships, registered limited liability partnerships, corporations and limited liability companies.
  3. Determine the appropriate business organization for a business to adopt.
  4. Determine which legal documents are necessary to create sole proprietorships, partnerships, limited partnerships, registered limited liability partnerships, corporations and limited liability companies.
  5. Prepare documents necessary to form a Wisconsin limited partnership, registered limited liability partnership, corporation and limited liability company.
  6. Differentiate between various types of corporate forms (close corporations, non-profit corporations and professional corporations)
  7. Describe the different types of corporate relationships
  8. Identify the requirements for operating as a foreign corporation
  9. Describe the rights and obligations of corporate stockholders, directors and officers
  10. Differentiate between various corporate structural changes (consolidation, mergers, stock exchanges)
  11. List the various grounds and procedures for terminating/challenging corporate existence
  12. Identify terminology relating to business litigation