Course description

Key Legal Distinctions Between Business Entities

Learn how to form the various types of entities, key aspects of governance, and operation of such entities.

When selecting what type of entity is best for use in a particular business, there are many factors to consider, including the particular industry in which it will be used, startup and maintenance costs, limited liability and ownership structure, statutory default rules, and management and governance considerations, including whether fiduciary duties should apply. In light of the different types of entities and structures available, professionals need to determine which entity form is best for their particular circumstances. This course will help the professionals responsible for business formation to understand how to form the various types of entities, key aspects of governance and operation of such entities, and key characteristics of each, including common uses in different industries.

Who should attend?

This live webinar is primarily designed for attorneys. Other legal professionals may also benefit from attending.

Training content

Introduction – General Considerations in Forming Business Entities

Corporations

  • Formation
  • Governance and Operation
  • Common Uses and Key Characteristics

LLCs

  • Formation
  • Governance and Operation
  • Common Uses and Key Characteristics

Partnerships (General and Limited)

  • Formation
  • Governance and Operation
  • Common Uses and Key Characteristics

Statutory Trusts

  • Formation
  • Governance and Operation
  • Common Uses and Key Characteristics

Certification / Credits

Credits: CLE ,NALA

About Lorman Education Services

Lorman Education Services - Live and On-Demand Courses

Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...


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Contact info

Lorman Education Services

Lorman Education Services
2510 Alpine Road
54702 Eau Claire Wisconsin

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