Do AIs Dream of Electric Firms? Legal Personhood, Fiduciary Duties, and the AI-M

What happens when the manager of a business firm is not human? This program examines the next frontier: agentic AI as a legally recognized manager of partnerships and limited liability companies. Drawing on Philip K. Dick's prescient vision of androids navigating a human world, it frames the central question for business lawyers: not whether AI will enter the boardroom, but whether the law is ready when it does. The program covers what attorneys need to know now: how to structure operating agreements for AI-managed firms, what fiduciary standards apply under RUPA and RULLCA, how to allocate liability between AI managers and their human owners, and what mandatory protections around removal and oversight should be built into any deal. Attorneys advising business clients on entity formation, governance, or emerging technology will leave with practical tools for structuring and safeguarding AI-managed ventures before the law catches up.