Business Structures
Co-authored with Richard D. Freer, Michael J. Roberts, & George B. Shepherd
Abstract
This book covers the life cycle of a business, Bubba's Burritos, from birth to death. We will see how Bubba's Burritos' "life" and legal issues change as the business changes from a sole proprietorship to a partnership, to a corporation, to a limited partnership, to a limited liability company. We will also consider how the life and legal issues of Bubba's Burritos differ from those of a larger, more mature business such as McDonalds. We will look not only at businesses but also at their owners. Generally, people buy a business or an interest in a business to make money. We will consider how the structure of a business affects the ability of its owners to make money from business operations or from the sale of ownership interests.