The corporation is a creature of statute.

The corporation is a creature of statute.

A corporation does not have perpetual existence in most states unless the articles of incorporation state otherwise.

Gwen and Hugo do business as Gwen & Hugo Civil Engineers, a partnership. This firm is governed by the Uniform Partnership Act

In a limited partnership, every partner has full responsibility for the partnership and for all its debts.

The validity of a provision permitting the franchisor to establish and enforce certain quality standards is questionable.

Tax Accounting, LLC, is a member-managed limited liability company. If the law in Tax Accounting’s state is like the law in most states, unless the members have agreed otherwise, decisions are made according to

A partner has a duty to devote time, skill and energy on behalf of the partnership business.

Laura owns and operates Meditation Center without creating a separate business organization. She receives all the profits from the fees for the classes and the sales of the center’s merchandise. This is most likely

A partner has a duty to devote time, skill and energy on behalf of the partnership business.