Lawyers practicing in this area engage in many activities including representing multi-national corporations in sophisticated financings, assisting entrepreneurs in starting up a new business, and complying with complex securities laws. Another common task of a business lawyer is helping a new business owner select and establish the appropriate form of organization for a new business including a corporation, a partnership, a sole proprietorship, and a limited liability company. These lawyers also help their business clients as they engage in transactions such as selling or buying parts of their businesses, obtaining financing for their expansion or operation, and complying with governmental regulations.
Students interested in this area of practice should take Corporations I in their second year, and should also take Federal Income Tax before they graduate. Students with little background in business should also take Business Basics for Lawyers to learn basic concepts in accounting, finance, and other aspects of business. Classes that will prepare them to enter business practice include the following.