256.12 sec. 1 - New Business Counseling Practicum (Spring 2014)
Instructor: William A. Kell (view instructor's teaching evaluations | profile)
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Meeting Time: Tu 2:10-3:25
Meeting Location: 141
Course Start: January 07, 2014
In the Practicum, students will learn and apply a broad range of knowledge in law and business related to the development of new businesses, through classroom learning, field trips, participating in simulations, and through providing hands-on assistance with real business start-ups.
To enroll, students must elect the seminar (Law 256.15 - 2 credits), and then new law students must enroll for 4 credits of Law 256.12, which represents the clinical work component. Professor Kell will provide the course control number for 256.12 to the students who enroll in 256.15. Part of the clinical work component will be spent researching and working with the client, while 1 hour each week will be devoted to case conferences, supervision and additional training time. That 1 hour weekly time slot is the 1 hour of class time listed for Law 256.12, which is in addition to the class time slot scheduled for the seminar (see Law 256.15).
Overall, class time will be primarily devoted to preparing students for consulting with real entrepreneur clients during the term, specifically entrepreneurs who are beginning new business ventures (for-profit or non-profit). Students will work in interdisciplinary teams and under Instructor supervision, to research and formulate options that will address their entrepreneur clients' needs.
The course will ready students for transactional lawyering and consulting with business clients, but in the larger sense, will demonstrate in depth what is needed to start a successful business. The course will also examine ethical issues and other critical practice matters for transactional lawyers and other professionals. Critical questions include:
* What do entrepreneurs need to know re: law and management in order to survive and thrive?
* How can consultants assist entrepreneurs effectively, both in dealing with acute legal problems, and in planning preventively for the future?
* How can lawyers and other professionals (e.g., MBAs) work effectively together to assist
new businesses, given the often interconnected nature of legal and business problems?
Traditional topic areas be examined and applied particularly in the context of assisting new businesses. Areas of law will include: business regulation, risk management, contracts, intellectual property, and taxation. Areas of business management will include financing, marketing, business planning, and evaluating financials. Finally, mixed areas of law and business management will be examined, including entity formation, capital formation, and tax planning.
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