The Rise of the Uncorporation

Erscheinungsjahr 2011
ISBN: 978-0-19-537709-5
Verlag: ACADEMIC

Buch, Englisch, 296 Seiten, Format (B × H): 161 mm x 240 mm, Gewicht: 608 g

The Rise of the Uncorporation covers the history, law, and finance of unincorporated firms. These "uncorporations" including general and limited partnerships and limited liability companies, are now the dominant business form of non-publicly-traded firms. Through private equity and publicly traded partnerships, uncorporations have emerged as a significant force in the governance of a wide range of the biggest firms. This is the first general theoretical and
practical overview of alternatives to incorporation, including ancillary concepts connected with the evolution of these firms, and analysis of likely future trends in business organization. The Rise of the Uncorporation provides a clear and easily understandable theoretical and practical background to this
important subject.

Zielgruppe

Students, practicing lawyers, business people and policymakers

Autoren/Hrsg.

Ribstein

Ribstein, Larry E.

Fachgebiete

• Rechtswissenschaften Ausländisches Recht Common Law (UK, USA, Australien u.a.)
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Unternehmenskultur, Corporate Governance
• Rechtswissenschaften Wirtschaftsrecht Handels- und Gesellschaftsrecht Allgemeines und Gesamtdarstellungen (Gesellschaftsrecht)
• Wirtschaftswissenschaften Betriebswirtschaft Organisationstheorie, Organisationssoziologie, Organisationspsychologie

Inhaltsverzeichnis

THE RISE OF THE UNCORPORATION
CHAPTER 1: INTRODUCTION
WHY STUDY UNCORPORATIONS?
UNCORPORATIONS IN THE ECONOMY
DO BUSINESS ASSOCIATIONS MATTER?
THEORIES OF THE UNCORPORATION
COMPETITION AND BUSINESS FORMS
THE US AND AROUND THE WORLD
THE PLOT OF THE BOOK
CHAPTER 2: THEORETICAL CONSIDERATIONS
WHY FIRMS?
GOVERNING FIRMS
WHY BUSINESS ASSOCIATIONS?
WHY BUSINESS ASSOCIATION LAW
WHY DIFFERENT BUSINESS ASSOCIATIONS?
THE ARCHITECTURE OF BUSINESS ASSOCIATION STATUTES
THE EVOLUTION OF BUSINESS ASSOCIATIONS
THE CORPORATION AND UNCORPORATION
CHAPTER 3: PARTNERSHIP
EARLY HISTORY
THE NATURE OF PARTNERSHIP OF PARTNERSHIP: ENTITY OR AGGREGATE?
VICARIOUS LIABILITY
OWNERS' FINANCIAL RIGHTS
MANAGEMENT
FIDUCIARY DUTIES AND REMEDIES
TRANSFERRING RIGHTS
EXIT
FORMATION
LIMITED PARTNERSHIPS
JOINT STOCK COMPANIES AND LIMITED PARTNERSHIP ASSOCIATIONS
CHAPTER 4: THE RISE OF THE CORPORATION
CORPORATE FEATURES AND LARGE FIRMS
COULD PARTNERSHIPS HAVE ADOPTED CORPORATE FEATURES?
LIMITED LIABILITY WITHOUT INCORPORATION
THE CORPORATION AND THE REGULATION OF GOVERNANCE
INTERNATIONAL COMPARISONS
CHAPTER 5: THE PROBLEMS OF THE CLOSE CORPORATION
LIMITED LIABILITY AND THE CLOSELY HELD FIRM
LOCK-IN
OTHER CORPORATE RULES
THE CORPORATE TAX: THE PRICE OF LIMITED LIABILITY
OTHER ROADBLOCKS TO PARTNERSHIPS WITH LIMITED LIABILITY
THE CLOSE CORPORATION AS EVOLUTIONARY DEAD END
DENIAL
JUDICIAL ACCEPTANCE
TAX ACCOMMODATION OF THE CLOSELY HELD CORPORATION
FULL STATUTORY AUTHORIZATION OF CLOSE CORPORATIONS
FAILURE
CHAPTER 6: THE EVOLUTION OF THE MODERN UNCORPORATION
THE LLC REVOLUTION
THE UNCORPORATION DEVELOPS
THE IMPORTANCE OF NON-ORGANIZATION LAW
THE REST OF THE UNCORPORATION MENAGERIE
THE EVOLVING LLC
EUROPEAN DEVELOPMENTS
CHAPTER 7: THE MODERN UNCORPORATION
MEMBER SHIELDING: LIMITED LIABILITY
MANAGEMENT
MEMBERS' FINANCIAL RIGHTS
FIDUCIARY DUTIES: GENERAL PRINCIPLES
FIDUCIARY DUTIES IN SPECIFIC BUSINESS ASSOCIATIONS
DISSOCIATION AND DISSOLUTION
TRANSFERRING INTERESTS
TAXES, REGULATION AND BUSINESS ASSOCIATION DESIGN
CHAPTER 8: UNCORPORATING THE LARGE FIRM
THE TROUBLES WITH CORPORATE GOVERNANCE
INCENTIVES AND DISCIPLINE IN THE LARGE UNCORPORATION
UNCORPORATE UNGOVERNANCE
EXAMPLES OF UNCORPORATE GOVERNANCE OF LARGE FIRMS
WHY UNCORPORATE NOW?
THE FUTURE OF THE LARGE UNCORPORATION
CHAPTER 9: NEW DIRECTIONS
CONVERGENCE OR DIVERGENCE OF BUSINESS FORMS
THE LONG-TERM FUTURE OF THE UNCORPORATION
THE UNCORPORATION AND MANDATORY RULES
TOWARD THE DISAPPEARANCE OF THE CLOSE CORPORATION?
THE FUTURE OF THE BUSINESS ASSOCIATION
WHY THE UNCORPORATION MATTERS

Über Autor(innen)

Larry E. Ribstein, Professor, University of Illinois College of Law.