Law, Business & Entrepreneurship Concentration Track

Faculty Advisors

Program Requirements

GENERAL

Follow all of the steps outlined on the Concentration Tracks page.

The LBE Concentration track accommodates the wide range of interest and expertise at UW Law in business law. Because of this range, business law faculty have created a number of recommended pathways, each of which satisfies the Concentration Track. You can find these pathways through the links to the left of this page.

To satisfy their elective requirements, students may also enroll in courses offered by the Foster School of Business, or other business-related courses approved by a faculty advisor.

Note that not all courses will be available each year.

WRITING REQUIREMENT

At least one of the following experiential/drafting courses:

COURSE REQUIREMENTS

  1. All three of the following foundational courses:
  2. At least three (3) elective courses in any combination from the subject areas below:

    Commercial and Real Property Transactions

    Corporate Structure and Governance

    Structural Transactions

    Employment and Compensation

    Financial Services and Products

    Intellectual Property

    Other Courses

    • Other tax, IP, or business related courses as approved by faculty advisor. Each course of this kind must be approved for credit toward the concentration track by a faculty advisor for this concentration track.
    • Courses offered by the Foster School of Business, especially ENTRE courses counting towards the Technology Entrepreneurship Certificate program. Each course of this kind must be approved for credit toward the concentration track by a faculty advisor for this concentration track.

Law, Business and Entrepreneurship Learning Outcomes

J.D. students electing to specialize in the Law, Business & Entrepreneurship Concentration Track should achieve the competencies expected of all J.D. students at the University of Washington. In addition, they should acquire an understanding of the following:

  1. Basic financial literacy concepts.  These include:
    1. Financial statement basics and the fundamental concepts, limitations and safeguards related to financial statements
    2. Different ways businesses are characterized and classified
    3. Business plan basics
    4. Common business measures and ratios and how businesses are valued and analyzed
    5. Core time-value-of-money concepts
    6. Basic microeconomics concepts
    7. Different types of business debt
    8. Stock and bond market fundamentals
  2. Corporations, limited liability companies, and the four types of partnerships.  This competency includes an understanding of:
    1. The comparative benefits and limitations of such entities
    2. The evolution of socially responsible challenges and options
    3. Basic agency concepts
    4. The statutory framework of such entities and related default rules
    5. Core doctrinal concepts related to such entities
    6. How such entities are formed and the related organizational documents
    7. The duties and potential liabilities of those who manage the entity
    8. Owner liability risks and related precautions
    9. Core business entity taxation concepts
  3. Common legal issues and challenges faced by public companies.  These include an understanding of:
    1. The process of going public and related risks and benefits
    2. Capital structure design challenges
    3. Shareholder voting and proxy challenges
    4. Shareholder proposal and inspection rights
    5. Mergers, consolidations and share exchanges
    6. Shareholder derivative litigation rights
    7. Executive compensation basics and say-on-pay rights
    8. Public disclosure duties and related liability risks
    9. Insider trading risks
    10. Legal standards applicable to transactions with controlling shareholders
    11. Strategies and legal issues applicable to a fight for control of a public corporation
  4. Common legal issues and challenges of closely held business enterprises.  These include an understanding of:
    1. Choice-of-entity factors in selecting the best entity form
    2. Identifying and resolving owner operational issues
    3. Protecting rights of minority owners
    4. Funding challenges and related securities law compliance
    5. Majority shareholder oppression risks
    6. Owner exit challenges and options
    7. The process and structural options for buying or selling a business
  5. Common business-related ethical challenges.  Examples include:
    1. The importance of identifying the real client
    2. Dual representation of an entity and an owner
    3. General duties owned to business owners and former clients
    4. Lawyer serving as a corporate officer or director
    5. Lawyer investing with a client

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