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	<title>Free Legal Advice, Get Answers to Law Questions &#187; Business Law</title>
	<link>http://www.lawfiles.net</link>
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	<lastBuildDate>Thu, 01 Dec 2011 17:32:47 +0000</lastBuildDate>
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		<title>The Limited Liability Company or LLC</title>
		<description><![CDATA[Previous articles examined the corporation and the partnership as legal entities. This article examines the Limited Liability Company or LLC. In many ways, the LLC is a hybrid of the corporation and partnership.







Registration Requirements
As explained previously, a corporation is formed by filing Articles of Incorporation with the state. A partnership is formed by agreement between [...]]]></description>
		<link>http://www.lawfiles.net/the-limited-liability-company-or-llc/</link>
			</item>
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		<title>Terminating an Offer to Contract</title>
		<description><![CDATA[The contracting process starts with an offer to contract.  The offer to contract creates the power of acceptance.  This power of acceptance can be terminated.  If the offer is terminated before acceptance, a contract cannot be formed.  An offer to contract can be terminated by either party or by operation of [...]]]></description>
		<link>http://www.lawfiles.net/terminating-an-offer-to-contract/</link>
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		<title>The Offer to Contract: An Essential Element</title>
		<description><![CDATA[There are a number of requirements for the formation of a contract.  One such requirement is that an offer to contract is made. 

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All contracts start with an offer.  An offer creates the power of acceptance in the other party and a corresponding liability on the part of the offeror.  To [...]]]></description>
		<link>http://www.lawfiles.net/the-offer-to-contract-an-essential-element/</link>
			</item>
	<item>
		<title>Types of Contracts</title>
		<description><![CDATA[Contracts can be classified in a number of ways.  Specifically, contracts can be classified by how they are formed, how they are to be accepted, and whether they are legally binding.  

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Contract Formation
Contracts can be classified by how they are formed.  With regard to contract formation, there are three types of [...]]]></description>
		<link>http://www.lawfiles.net/types-of-contracts/</link>
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		<title>Sources of Contract Law</title>
		<description><![CDATA[A contract is a promise or set of promises for which the law gives a remedy if the terms are breached.  The law governing contracts can be found in common and statutory law.  

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Generally, contracts are governed by common law.  The term “common law” refers to general principles of law created [...]]]></description>
		<link>http://www.lawfiles.net/sources-of-contract-law/</link>
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		<title>The Corporation: The Conventional Business Entity</title>
		<description><![CDATA[A corporation is a legal entity or association.  The association is comprised of shareholders, members of the board of directors, and corporate officers. 






The shareholders are investors who elect the board of directors.  The board of directors oversee the corporation by issuing broad guidance and by hiring and retaining the corporate officers.  [...]]]></description>
		<link>http://www.lawfiles.net/the-corporation-the-conventional-business-entity/</link>
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		<title>Contract Law: Forming a Contract</title>
		<description><![CDATA[A contract is a promise or set of promises which the law affords a remedy if the promise is breached.  Contracts do not have to be in writing in order to be enforceable; however, contracts must be valid in order to be enforceable.  Contracts are enforceable if certain requirements are satisfied, including mutual [...]]]></description>
		<link>http://www.lawfiles.net/contract-law-forming-a-contract/</link>
			</item>
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		<title>Limited Liability Partnership: a Business Entity for Joint Ventures</title>
		<description><![CDATA[A limited liability partnership is a joint undertaking where at least one partner is a general partner and the other partners are limited partners.  The general partners operate the business operations.  The limited partners play a less active role.  Indeed, the limited partners are usually mere investors in the limited liability partnership.






Registration [...]]]></description>
		<link>http://www.lawfiles.net/limited-liability-partnership-a-business-entity-for-joint-ventures/</link>
			</item>
	<item>
		<title>General Partnership: The Basic Business Partnership</title>
		<description><![CDATA[A general partnership is a joint undertaking involving co-venturers.  The partners carryout the partnership’s business operations.  Unlike limited liability partnerships, the general partnership does not have limited partners who play a less active role in the business.







Registration Requirements
There are no formal documents that must be executed to form a general partnership.  Most [...]]]></description>
		<link>http://www.lawfiles.net/general-partnership-the-basic-business-partnership/</link>
			</item>
	<item>
		<title>Partnership: the Default Business of Joint Ventures</title>
		<description><![CDATA[A partnership is a business consisting of two or more persons (or entities) that agree to work together with the intent to earn a profit.  A partnership is the default business structure when two or more parties begin the joint venture.






A partnership is formed when the agreement is made.  A formal written partnership [...]]]></description>
		<link>http://www.lawfiles.net/partnership-the-default-business-of-joint-ventures/</link>
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