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LAW 121 Law of Business Organizations (3)
3 hours lecture per week
Recommended Preparation: Credit in or qualification for ENG 100 or ESL 100.
LAW 121 covers legal concepts and procedures relating to business entities including the sole proprietorship, partnership, and corporation. Tax consequences and liability are also discussed together with an overview of the paralegal’s role in the area of business organizations.
Upon successful completion of LAW 121, the student should be able to:
- Draft Articles of Incorporation, by-laws, and minutes
- Prepare all documents to register a corporation to do business in Hawai'i, including the registration statement, and Hawai'i Excise Tax forms
- Draft partnership agreements
- Complete a partnership registration statement to be filed at the Department of Commerce and Consumer Affairs
- Analyze a legal fact pattern, apply the law, and reason to a legal conclusion