Details

Entrepreneurship Law

The seminar is a survey course designed to acquaint students with the many legal problems associated with starting up and operating a business. These include choice of entity, selection of a company name and trademark, special issues of management, governance and succession which arise in the context of a closely held and growing business, venture capital and debt financing arrangements, protecting the intellectual property of the new company, employment and executive compensation issues, franchise agreements and other operating contracts, and ethical issues facing attorneys who represent entrepreneurs. Some time will also be devoted to establishing and operating a not-for-profit organization. The objective is to give participants an introduction to the legal problems they are likely to encounter in an entrepreneurial setting either as lawyers for the enterprise or as owners of an equity position in the enterprise. The seminar will be of particular interest to students pursuing joint JD/MBA degrees or having prior business experience. Method of Instruction: The faculty members, lawyers from the Chicago legal community who are experts in particular fields and entrepreneurs will present lectures and lead class discussions on the above subjects. Students will also be divided into groups to work through case studies in class. The presentations, discussions and in-class group work will place more emphasis on practical problems and problem solving techniques than traditional law school classes. Students will conduct research and prepare client correspondence on hypothetical case studies involving entrepreneurship law, and will draft one legal document (e.g., an operating agreement for a limited liability company). Two of the three written assignments will be reviewed by the professors and returned to the student for revisions and resubmission. Prerequisite: Corporations or Business Associations. Helpful courses: Business Planning, Intellectual Property, Federal Income Tax, Partnership Taxation, Corporate Finance, and Entity Taxation. This course is closed to first year students. No final examination. Students will receive grades on each paper and a composite grade for the entire semester based on their classroom participation and written work. The written requirements of the course DO NOT fulfill graduation writing requirements.


Catalog Number: BUSCOM 631
Practice Areas: Business, Corporate,Trans Area


Course History

Spring 2011
Title: Entrepreneurship Law
Faculty: Reed, Stephen F. (courses  |  homepage)
Barron, Esther S. (courses  |  homepage)
Section: 1     Type: Seminar     Credits: 2.0
Capacity: 25     Actual: 24



Fall 2010
Title: Entrepreneurship Law
Faculty: Reed, Stephen F. (courses  |  homepage)
Barron, Esther S. (courses  |  homepage)
Section: 1     Type: Seminar     Credits: 2.0
Capacity: 25     Actual: 24