This course describes how the laws governing business organizations impact the work of all lawyers. A basic understanding of the organization and management of business enterprises, and the law of agency, partnership, limited liability companies, corporations, and securities, is routinely needed across a diverse range of legal specializations.

Business enterprises can be organized in various ways to achieve different goals. It is fundamental to understand all the forms into which business enterprises are organized, and the pros and cons of each form. Lawyers are often called upon by business people to help them select the form of business through which they can most effectively achieve their business goals. Accordingly, we study sole proprietorships, partnerships, corporations, and the increasingly popular new form of enterprise called the limited liability company (“LLC”). Changing perspective, we study how lawyers practicing in different fields encounter and interact with business organizations whether through litigation, transactions, taxation, or public policy.

Additional Information:
Credit Hours: 3
Grading Option: Letter Grade Only
Graduation Writing Requirement: No
Flexible/Upper-Level Writing Requirement: No
Skills Requirement: No
Simulation Course: No
Experiential Learning: No
Seminar: No
Special Withdrawal Course: No
Final Exam Given: Yes
Final Exam Type: Take-Home
Attendance Policy: Per Statement Of Student Policies
Teaching Method: Remotely

* The law school has a policy that is used to calculate credit hours. Please see the Statement of Student Policies.