BUS 018 Lecture Notes - Lecture 6: Limited Liability Partnership, Munk Debates, Sole Proprietorship
21 Jun 2020
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He sponsors a series of debates with well known intelligent people argue on sides of propositions. Tomorrow there is a debate with obama"s foreign policy. If us republicans controls the senate, they control both houses and this will make it very difficult for a democrat to be elected 2 years from now (obama is a democrat) Each partner is an agent of each other partner. Sole proprietorship is legally the same as the sole proprietor. Partnership is legally the same thing as the partners. Corporations have a dramatic departures from this, it is a legal thing separate from those who own and control it. For our purposes always think of a corporation as a person. If you understand agency and that the corporation is a legal person, then you understand corporate law. One of the big advantages with being a corporation, owners have limited liability. Mr. saloman carried on business as a shoe manufacturer.
