Practical Business Law: Formation and Structure

This lecture covers the practical aspects of business law, focusing on the formation and structure of companies. Topics include the definition of a Limited Liability Company, shares and share capital requirements, members' duties, organization, and choice of legal structure. The lecture also delves into the differences between partnerships and corporations/LLCs, emphasizing capitalization, management, and legal obligations. Additionally, it explores the process of start-ups, financing cycles, and common agreements like shareholders' agreements. The importance of accounting law, shareholders' agreements, and the content therein are highlighted, providing a comprehensive overview of the legal framework for business entities.