The massively revised Sixth Edition features new and updated charts demonstrating key principles of business organizations. The content reflects major developments such as the new social enterprises that combine profit-making with social good; the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010; new trends in corporate governance; and the impact of new algorithmic or high-frequency trading of stocks as well as the part it may have played in the Wall Street ""flash crash"" of 2010. Proposed revisions to securities regulations that would make raising capital easier for smaller companies (e.g. crowdfunding) is covered as well as the trend toward ""reverse mergers"" to avoid regulatory oversight. Other new topics include the continuing effect of the 2008 financial crisis, new constituency statutes, and new DB(k) retirement plans.
Features:
- thorough and up-to-date treatment of all types of business organizations
- the nature of the entity
- formation and dissolution
- tax consequences
- clear presentation designed for the paralegal student
- a section explaining the tasks performed by paralegals
- a guide to both conventional and Internet resources
- forms, discussion questions, and summary of key features
- useful exhibits, charts, and key terms
- more in-depth treatment of Limited Liability Partnerships and Limited Liability Companies than other texts
- an entire chapter devoted to securities regulation
- sample forms integrated throughout the text
- Web resources
- Practice Tips in each chapter
- Internet questions, requiring students to access websites they will use on the job
Thoroughly updated, the revised Sixth Edition features:
- new social enterprises that combine profit-making with social good
- the financial crisis of 2008 and its continuing effects
- Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
- new trends in corporate governance
- the SEC's notice and access rules
- e-proxy provisions
- electing directors by majority rather than plurality vote
- new algorithmic or high-frequency trading of stocks and the part it may have played in the Wall Street ""flash crash"" of 2010
- proposed revision to securities regulations to make raising capital easier for smaller companies, e.g. crowdfunding
- the trend toward ""reverse mergers"" to avoid regulatory oversight
- constituency statutes that require directors to consider more than pure profit
- new DB(k) retirement plans