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AAD 650, Unit 5: Commercial Business Structures

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UK Arts Administration

on 1 February 2016

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Transcript of AAD 650, Unit 5: Commercial Business Structures

Commercial Business Structures
Unit 5:
I. Types of Commercial Business Structures
II. Benefits/Drawbacks of Each Form
III. Process of formation
IV. Federal Securities Laws
V. Blue Sky Law
a) an investment of money
b) in a common enterprise
c) with the expectation of profits
d) arising solely from the managerial efforts of someone other than the investor
At least one, but usually many, limited partners who contribute cash or an in-kind interest in the partnership but does not take an active role in the management, and their liability is limited to the amount contributed.
http://www.sos.ky.gov/bus/business-filings/Forms/Documents/AOProfit.PDF
https://app.sos.ky.gov/ftsearch/?path=nameavail
http://www.sos.ky.gov/bus/business-filings/Forms/Documents/AIProfit.pdf
http://www.sos.ky.gov/bus/business-filings/Pages/Fees.aspx
a) An investment of money
b) In a common enterprise
c) With the expectation of profits
d) Arising solely from the managerial efforts of someone other than the investor

an individual who, alone or with their spouse, has a net worth, excluding the value of the primary residence, of at least $1 million; or
an individual who earned at least $200,000 ($300,000 if a married couple) in the previous calendar year and who has a reasonable expectation of earning at least that much in the current calendar year.
They provide oversight of the offer and sale of securities within the borders of the applicable state, and
They contain certain antifraud provisions designed to guard against failures to disclose required information.
Appoint Directors
Find Articles of Incorporation with the State
Find Articles of Incorporation with the State
Write the Corporate Bylaws
Write the Corporate Bylaws
Write the Corporate Bylaws
Hold the initial meeting of the board of directors
Hold the initial meeting of the board of directors
Hold the initial meeting of the board of directors
Issue Shares of Stock
Issue Shares of Stock
Issue Shares of Stock
Full transcript