Business Enterprise Song

This is a "Law Lessong" - a law lesson in a song, that summarizes the principal forms of Business Organizations. Audio files for more law lessongs can be found here:

More "Law Lessong" videos will be posted at the Legal Studies Classroom blog:



The melody is based on "Who Says You can't Go Home" written by Jon Bon Jovi and Richie Sambora and originally recorded by Bon Jovi: .



No copyright infringement is intended. This song is offered and intended for educational use only and has no commercial value.



Business Enterprise Song

Lyrics by M. DeAngelis

Tune based on: Who Says You Can't Go Home



Form a partnership, it's so easy to do

Just go into business with a friend or two

Sharing profits and sharing management will do.

There's personal liability

Responsibility, jointly and severally

But beneficial taxation status will accrue

Which form will you choose?



CHORUS:

Business Enterprise

General Partnership or maybe a Limited one applies

Anticipate what problems might arise

Business Enterprise



Get your business organized

You can use a Corporate form no matter the size

Or perhaps an LLC might be wise.

Business Enterprise



Do it right, do it right, do it right, do it right, do it right . . .



Perhaps you need a liability shield

But the partnership form you would rather not yield

The limited partnership might be for you

You need to file paper work with the state

And the limited partners may not participate

In management or lose their protection if they do.

Which form will you choose?



Chorus



A Corporate form is popular no doubt

But from management the shareholders are left out

This protects them from the pers'nal liability blues

Taxation rules are tough, income gets taxed twice

And the corporate formalities must be precise

Or the liability shield you're bound to lose

Which form will you choose?



Limited Liability Company

The newest form of business is the LLC

It's member owned and managed this is true.

But there's no pers'nal liability

And little restriction on member eligibility

Taxation like a partnership will just "pass through."

Which form will you choose?



Chorus

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