Teaching Unincorporated Business Associations Through a Simulated Start-Up

13 Pages Posted: 21 Sep 2015

See all articles by Brett McDonnell

Brett McDonnell

University of Minnesota Law School

Date Written: September 18, 2015

Abstract

This paper describes the Unincorporated Business Associations course taught by the author. The course is organized around a simulated start-up LLC. Students are assigned roles as counsel for one of the founders of the simulated LLC. Over a series of four exercises, students negotiate and draft the provisions of an operating agreement. The course both helps develop important practice skills such as negotiating and drafting, but more fundamentally helps students understand the law of business associations through understanding how that law provides background legal rules for drafting the terms of individual agreements.

Keywords: limited liability companies, teaching simulations, business associations

JEL Classification: D21, G30, K22, M13

Suggested Citation

McDonnell, Brett H., Teaching Unincorporated Business Associations Through a Simulated Start-Up (September 18, 2015). St. Louis University Law Journal, Vol. 59, 2015, Minnesota Legal Studies Research Paper No. 15-30, Available at SSRN: https://ssrn.com/abstract=2662545

Brett H. McDonnell (Contact Author)

University of Minnesota Law School ( email )

229 19th Avenue South
Minneapolis, MN 55455
United States
612-625-1373 (Phone)

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