Exploring how creditors are protected when dealing with corporations, focusing on additional safeguards provided by corporate law beyond general creditor rights. Explaining how limited liability can disadvantage creditors

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A detailed exploration of the corporate form, contrasting it with partnerships and highlighting its key legal characteristics such as legal personality, limited liability for shareholders, transferable shares, and centralised management. It traces the historical evolution of corporate formation in the United States, from special legislative acts to general incorporation statutes, noting the significant role of state competition in liberalising corporate law.

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Examines various forms of jointly-owned businesses, beginning with the general partnership as the foundational structure built on consent and mutual fiduciary duties. It traces the evolution towards newer contractual entities like limited partnerships (LPs), limited liability partnerships (LLPs), and limited liability companies (LLCs),

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