Business Law Issues in Structuring the Closely Held Enterprise
Businesses today take many different legal forms. Limited liability companies, subchapter S corporations, not-for-profit foundations, professional corporations, and limited partnerships are now viable alternatives to business corporations, joint ventures, general partnerships, and sole proprietorships. This course focuses on the lawyer’s role in planning the choice of the structure for the closely held enterprise. Students will examine the tax, organizational, governance, and financial features of different business structures and their advantages and disadvantages over time. In addition, each student chooses a different industry or profession to study through library research and interviews with individuals working in the field.
This practical course introduces students to tools and strategies required for setting up a closely held enterprise. Three short writing assignments and a class presentation will be required.
Approved for the Writing Requirement. Enrollment is limited. This course is open to LL.M. candidates after J.D. students have been accommodated.
Recommended for the Following Professional Pathways: Corporate Transactions and Governance; Financial Services and Compliance; Health Care Management and Compliance; International Business; Labor and Employment (Corporate Perspective); Real Estate and Land Use; Tax; Trusts and Estates; General Practice – Transactional
Prerequisites: Corporations (BUS210) or equivalent, and Federal Income Tax: Individual (TAX100)