The Rise of the Uncorporation: Chapter One
Larry E. Ribstein (Deceased)
University of Illinois College of Law; PERC - Property and Environment Research Center
August 28, 2009
THE RISE OF THE UNCORPORATION, Oxford University Press, 2009
U Illinois Law & Economics Research Paper No. LE09-024
Illinois Public Law Research Paper No. 09-05
The analysis of business associations largely has been limited to corporations. Yet unincorporated firms, including general and limited partnerships and limited liability companies, comprise about a third of the firms in the US, and even larger percentages elsewhere in the world. The Rise of the Uncorporation covers the history, law, and finance of unincorporated firms. These “uncorporations” are now the dominant business form for non-publicly-traded firms. Moreover, through private equity, hedge funds, and publicly traded partnerships, uncorporations have emerged as a significant force in the governance of a wide range of large firms. The Rise of the Uncorporation is the first general theoretical and practical overview of the alternatives to incorporation. The book seeks to bring uncorporations into popular and academic debates that have previously focused only on corporations. This book also covers the ancillary concepts connected with the evolution of these uncorporations, and analyzes likely future trends in business organization.
Number of Pages in PDF File: 18
JEL Classification: K12, K22Accepted Paper Series
Date posted: August 29, 2009 ; Last revised: September 1, 2009
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