LAWS 561 - Small Business Organization Capstone

Credits: 5

This course will provide students with practical and substantive knowledge and experience in transactional law using a small business nonprofit or small business for-profit organization model. It will be multidisciplinary and provide students a broad theoretical and practical experience with measurable outcomes and skills, including problem solving, project management, leadership, and teamwork. Students will act as counsel for a group interested in forming either a nonprofit 501(c)(3) organization or a for-profit entity that will own and operate a business. As counsel for the organization, students' responsibilities will include interviewing a client; reviewing a Retainer Agreement; preparing Articles of Incorporation; preparing Bylaws; preparing IRC Form 1023 (Application for Exemption) or LLC or other business documents; providing Board of Director education and advice at simulated board meetings; and preparing Contracts, Lease Agreements, and/or Sponsorship Agreements. Students may also advise the client and draft documents related to copyright issues, potential mergers, and partnership agreements.

Corequisites: Partnership Tax

Prerequisites: Professional Responsibility or Problems in Professional Responsibility, Business Associations, and Partnership Tax

Note: Limited to 3Ls only

Nonprofit Organizations and Interviewing, Counseling and Negotiations are strongly recommended, but are not prerequisites.

Students limited to enrolling into one Capstone course.

This course satisfies the professional skills course graduation requirement.

Basis of Grade: Written and oral assignments

Form of Grade: Letter

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