A partner may pursue his or her own interests so long as his or her actions do not violate the duty of loyalty or care to the partnership.

To pierce the corporate veil means to reveal the identity of its true owner.

A number of states require franchisors to provide presale disclosures to prospective franchisees.

A partner may pursue his or her own interests so long as his or her actions do not violate the duty of loyalty or care to the partnership.

Courts can never “pierce the corporate veil” of a limited liability company to expose shareholders to personal liability.

The death of a limited partner dissolves a limited partnership.

Champions Corporation licenses the trademarks to its products to Direct Marketing, Inc., to reproduce on caps, sweatshirts, and similar goods for sale. This is

The federal government regulates franchising in part through the Franchise Rule.

In most states, an individual can be an officer or a director of a corporation, but not both at the same time.

One factor that frequently causes the courts to pierce the corporate veil is that a corporation was set up never to make a profit.