Law, Business & Entrepreneurship

Essential Course work for Business Law Practice

Students interested in the business law curriculum should consult the Concentration Track page, which provides a survey of the courses which are relevant. Nevertheless, the core of the business law curriculum – for students who are or not enrolled in the Concentration Track -- is four foundational courses:

  • Business Entities
  • Securities Regulation
  • Basic Tax
  • Introductory Accounting (Accounting for Lawyers or some analogous introductory work).

Familiarity with the legal and commercial issues addressed in these four courses provides an adequate foundation for students to excel in the practice of business law.

The Business Entities course provides an introduction to choice of form (corporation, partnership or LLC), minimization of owner liability, allocation of decision-making authority (governance patterns), allocation of financial rights and mechanisms for exiting or dissolving the venture. Securities Regulation analyzes the legal framework for raising capital from investors consistent with requirements of candor and investor protection. Because money paid in taxes is not capital available to investors and entrepreneurs, tax is an essential feature of business planning. Accounting is the “language of money,” and lawyers are expected to speak the professional language of their clients. Undergraduate course work in accounting may be sufficient to obviate the need for a law school accounting course.

LBE faculty are available to help students on an individual basis for assistance with course planning.

Last updated 12/3/2013