Key Legal Distinctions Between Business Entities is brought to you by Lorman
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.