Law students studying business law take courses in taxation, business organizations, securities, bankruptcy, real estate, international business law, and copyright or intellectual property. Business lawyers must be familiar with a range of legal issues to represent and advise clients in transactional, litigation, and regulatory matters.
There are many types of law courses related to business law, including taxation, business organizations and securities. Copyright, bankruptcy, and real estate law courses are additional types of classes that are useful for future business lawyers. Business lawyers must be familiar with a wide range of legal issues to properly represent and advise clients. Transactional, litigation and regulatory attorneys practice commercial law.
Taxation is a type of business law course generally recommended for all law students. It is normally taught for two or three semesters. This business law course sequence focuses on familiarity with tax law, property, and the taxation of partnerships and corporations. As students progress, taxation of mergers, entities, and acquisitions is also discussed.
Another common type of business law course is business organizations. Students learn the difference between various business entities such as associations, partnerships, and limited liability companies. Financing, management rights and the legal rules applicable to large corporations are additional topics.
Law students who have decided to pursue a career in business law are often required to take classes in addition to tax and business organizations. Securities regulation and secure transactions are common requirements. The former examines statutes pertaining to investors buying and selling securities, while the latter focuses on loans involving collateral.
In addition to a required or typical type of business law course, law students may consider other classes that pertain to business law. Bankruptcy can be a useful course in business law, because business bankruptcy is often addressed along with consumer bankruptcy. It is a good complement to a commercial law course in secure transactions.
Familiarity with real estate law can also serve a business lawyer well, depending on his type of practice. These classes examine the purchase agreement, title issues, and financing. Government processes such as zoning, subdivision and annexation are other possible topics, as is building and property valuation.
Those wishing to practice international business law may want to consider international taxation and business transactions. Globalization and jurisdictional issues are typically the focus of these courses. How laws encourage and discourage globalized business practices is also generally discussed. International trade law involves advising clients moving goods and services across borders.
A business law course in copyright or intellectual property would be helpful for those wanting to help clients protect their product investments. Copyright law determines what may be copyrighted and what the rights of the copyright holder are. Intellectual property deals with copyrights, patents and trademarks.
Business lawyers can be corporate litigators as well as transactional or regulatory lawyers. As a result, there is a wide variety of business law courses. Most would-be business lawyers take core courses like taxation, business organizations, and securities and secure transactions before specializing. More specialized business law courses include real estate, bankruptcy and copyright law.
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