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Why does the fact that the limited liability company provides limited liability for some of its members mean that a state certificate must be filed? What liability has the general partner? The limited partner?

1. Why does the fact that the limited liability company provides limited liability for some of its members mean that a state certificate must be filed?  What liability has the general partner? The limited partner?

2. The corporate veil: The Corporation as a Legal Entity – Do you think that corporations should have rights similar to those of natural persons? Should any of these rights be curtailed?

3. Powers of a Corporation – What is an ultra vires act?  Research on the internet – the case: Cross v. The Midtown Club – and explain how this case affects your understanding of the ultra vires doctrine.

4. Antitrust Laws in the United States  –  Consider whether the US government should break up the biggest US banks. Why or why not? If the United States does so, and other nations have very large government banks, or have very large private banks, can US banks remain competitive?


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