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Business Entities in Tennessee: What Every Litigator Must Know

Author: Tennessee Attorneys Memo

Category: Online Legal/Law Training > Continuing Legal Education

Earn 1 hour of CLE credit as Richard Spore reviews basic principles litigators need to know about business entity laws, such as the different kinds of organization documents required for different kinds of business entities, what happens when a business entity party to litigation has been dissolv...

Keywords: TAM, Tennessee Attorneys Memo, Legal, law, CLE, continuing legal education, business, business entities, LLC, partnerships, corporations, limited liability companies

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Table of Contents:

Suing the correct business entity

Referring to the correct business entity act

Different kinds of organizational documents required for different kinds of business entities

Agreements among business owners that must be in writing

Which provisions of the business entity acts cannot be waived by agreement

When a business entity party to litigation has been dissolved

Personal liability of business owners -- under the business entity statutes, as part of an "obligated member entity" exemption from state taxation, and under a common law veil-piercing analysis

-Fiduciary duties of owners and managers under the business entity acts

-An owner’s ability to withdraw from, or “quit,” a business entity

-And more!

Hardware and Software Requirements:

This course works well with Internet Explorer (v 8 - higher), Firefox, and Google Chrome. Please make sure you have Adobe Flash Player installed and that you are running the latest version of Flash Player, go to to check your version or get Flash We highly recommend at least 2-3 Mbps connection speed.