Standard

 

PLS 115 - Business Organizations

Course Description

Emphasizes the formulation and operation of sole proprietorships, general partnerships, limited partnerships, joint ventures, and corporations. Additionally, the course will include the exploration of basic concepts of agency law. Topics include: sole proprietorships, partnerships and joint ventures, corporations, tax implications of different organizations, professional associations and corporations, and agency concepts.

 

Competency Areas

Hours

 

Sole Proprietorships

Class

5

Partnerships and Joint Ventures

D. Lab

0

Corporations

P. Lab/O.B.I.

0

Tax Implications of Different Organizations

Credit

5

Professional Associations and Corporations

 

 

Agency Concepts

 

 

 

 

 

Prerequisite:

Provisional admission

Corequisite:

PLS 101

 

Course Guide

 

Competency

After completing this section, the student will:

Hours

Class

D.Lab

P.Lab/

O.B.I.

SOLE PROPRIETORSHIPS

5

0

0

Sole proprietorship creation

Describe how a sole proprietorship is created.

 

 

 

Sole proprietorship operation

Explain the operation of sole proprietorships.

 

 

 

PARTNERSHIPS AND JOINT VENTURES

10

0

0

Partnership creation

Describe how general partnerships and limited partnerships are created.

 

 

 

Partnership operation

Explain the operation of general partnerships and limited partnerships.

 

 

 

Joint venture creation

Describe how joint ventures are created.

 

 

 

Joint venture operation

Explain the operation of joint ventures.

 

 

 

CORPORATIONS

15

0

0

Creation of corporations

Describe how corporations are created.

 

 

 

Operation of corporations

Explain the operation of corporations.

 

 

 

TAX IMPLICATIONS OF DIFFERENT ORGANIZATIONS

5

0

0

Tax implications and business organizations

Discuss the basic tax implications of operating a business as a sole proprietorship, a general partnership, a limited partnership, a joint venture, or as a corporation.

 

 

 

PROFESSIONAL ASSOCIATIONS AND CORPORATIONS

10

0

0

Creation of professional associations and corporations

Explain how each professional organization and corporation operates.

 

 

 

AGENCY CONCEPTS

5

0

0

Agency relationship

Define the concept of agency relationship.

Explain the basic concepts of agency law.

 

 

 

 

Suggested Resources

 

Suggested Resources include textbooks shown below or most current edition.

Books

Anderson, R., et al. (1988). Business law: UCC comprehensive volume (rev ed.). Cincinnati: South-Western.

 

Journals

ABA Journal

American Lawyer

Fulton County Daily Report

Georgia State Bar Journal

Legal Economics

Legal Professional

National Paralegal Professional

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