IL Bar Exam · Business Associations
Business Associations for the Illinois Bar Exam
Business entities and relationships
54+ Cards13 Topics67% Pass Rate
What You'll Study in Business Associations
Corporations
LLCs
Partnerships
Corporate Maintenance
Nonprofit Corporations
Agency
Close Corporations
Securities
Franchises
Business Names
Professional Corporations
Special Corporations
Foreign Qualification
Sample Business Associations Questions
1What is a corporation under Illinois law, and how is an Illinois corporation formed?
2What fiduciary duties do directors owe?
3What is piercing the corporate veil?
What You'll Master
Master entity formation requirements
Learn fiduciary duties (care, loyalty, good faith)
Memorize piercing the corporate veil factors
Understand shareholder rights and derivative suits
Nail agency principles and partnership rules
54+
Flashcards
13
Topics
67%
Pass Rate
912+
Students
Business Associations for Illinois Bar Exam FAQ
What Business Associations topics are covered?
Our flashcards cover agency, partnerships (general and limited), LLCs, corporations (formation, management, fiduciary duties, shareholder rights), and fundamental corporate changes.
Are fiduciary duties explained clearly?
Yes. We break down the duty of care, duty of loyalty, and their sub-rules (business judgment rule, corporate opportunity doctrine, etc.) into clear, memorizable statements.
Do you cover both California and general rules?
Our flashcards focus on generally-tested principles that appear on most bar exams, with notes on significant variations where relevant.
How do flashcards help with entity comparison questions?
Bar exams often test entity differences. Our flashcards highlight what distinguishes corporations from partnerships from LLCs in terms of formation, liability, and management.
Other Illinois Bar Exam Subjects
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