Business Planning (2-4 credits)
This course explores the most common issues faced by small and medium-sized businesses and the lawyers representing them. Issues that typically will be addressed include: choosing the right form (corporation, partnership, LLC) for the business, organizing and funding the enterprise, converting from one form to another, and purchase and sale of businesses. Additional issues that may be addressed may include: buy-sell provisions, employment agreements, compensation planning, insurance, diversification, and estate, asset protection, and transition planning. Both tax and non-tax aspects are considered. No prerequisites. Previous or concurrent enrollment in Corporations, Unincorporated Businesses, and Federal Income Tax desirable but not required.