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Business Organizations: Incorporated Entities
This advanced overview encapsulates the journey from the inception of corporations to their current governance and statutory capabilities, highlighting the integral role of agency law in shaping corporate dynamics.
Course Category: Self-Study Courses
Course Level: Advanced
CLE Credit: Substantive
CLE Hours: 20.0
Fees: $250 for Members and $300 for Non-members
Course Materials: This fully online, interactive course offers a blend of text and immersive scenarios to assist you in preparation for the comprehensive exam.
Description: The history of corporations and the development of agency law form a foundational tapestry that has shaped modern business practices and governance. Tracing back to the early formations of corporations, we see a gradual evolution from chartered entities established for specific public purposes to the contemporary multifaceted corporations that play a pivotal role in the global economy. Central to this evolution is agency law, which governs the relationships between agents and principals, delineating the framework within which individuals act on behalf of corporations. These agency relationships are critical for the operational efficiency of corporations, allowing for the delegation of tasks and representation in various transactions.
Governing corporations involve intricate legal and regulatory frameworks to balance stakeholders’ interests, ensure compliance with laws, and guide corporate decision-making. Statutory powers of corporations, granted by law, empower these entities to act, contract, and own assets in their own right, laying the legal groundwork for their capacity to operate and influence economies worldwide. This overview encapsulates the journey from the inception of corporations to their current governance and statutory capabilities, highlighting the integral role of agency law in shaping corporate dynamics.
Learning Objectives: Upon completion of this course, you will be able to:
- Develop a basic understanding of incorporation and the laws governing corporations.
- Prepare and file articles of incorporation, as well as conduct a name search and reservation.
- Organize meetings, prepare resolutions, and take minutes.
- Track and report on the progress of multiple Initial Public Offerings (IPOs) simultaneously while demonstrating a general understanding of the various securities, key players, and relevant laws.
- Prepare balance sheets, accurately record transactions in a stock ledger, amend articles of incorporation as necessary, and understand the timing and process for filing a statement of cancellation with the appropriate authorities.
- Schedule meetings in compliance with established quorum requirements, ensure timely communication of meeting details, and accurately apply each participant’s voting rights.
- Prepare and submit annual state reports per regulatory standards and efficiently communicate the annual shareholders’ report to all relevant parties.
- Identify, analyze, and apply knowledge of various business structures, tax implications, and liability to create suitable business entities for different scenarios.
- Prepare and file articles of amendment, restatement of the articles, and dissolution with the secretary of state or otherwise.
- Acquire general knowledge of tax law changes to maintain compliance.
Earning the Business Organizations: Incorporated Entities Advanced Certified Paralegal Credential:
- A passing score is 85%.
- Three attempts for a passing score are available with this course. (If you do not pass the exam on the three attempts, you must repurchase the course and start over.)
- Statement of Completion – Upon completion of the course and successfully passing the exam, a statement of completion is required. The statement of completion is a summary of what you learned from this course and how you will apply this to your job.
- Once the statement of completion is uploaded, an alert is sent to NALA.
- Upon satisfactory review of the statement, NALA marks the course 100% complete and begins the process of issuing the certificate and credential* if you are eligible.
* The distinguished ACP© credential is only available to current NALA Certified Paralegals. Anyone, regardless of credentials, may take this course solely for gaining knowledge and will receive a certificate of completion upon successful completion of the course and exam.
Course Year: 2024
Self-Study Instructions
Access Period
After you purchase a self-study course you will receive an enrollment email. If you do not receive an enrollment email please check your spam and make sure you add noreply@myabsorb.com to your safe senders list.
To access course materials after enrollment please click on “My Courses” then “Self-Study” at nala.education.
Self-Study courses expire after 1 year.
Courses are priced for individual use and consumption and are not intended for rebroadcast and sharing.
Refunds or Cancellations
No cancellations or refunds are provided.
Self-Study FAQs
If available, you may use the print function from your browser to print the material. This is copyrighted material and any distribution is strictly prohibited. Not all self-study courses have printable material.
No, a textbook is either included or not necessary for the self-study courses.
No, the courses are designed as continuing education courses and may qualify as meeting continuing education requirements for professional certifications and attorney licenses. In addition, the courses may be used in the classroom to supplement formal training. However, the courses are not designed to take the place of formal paralegal training as may be available through a community college or university.