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Business & Entrepreneurial Emphasis Area Requirements

To be admitted to the Emphasis in Business & Entrepreneurial Law program, an applicant must have a cumulative law school grade point average of at least 2.5, and must have a grade point average of at least 2.8 in all program courses or prerequisites which the student has taken prior to application for admission to the program. For this purpose, prerequisite business courses will also be counted, including Business Organizations and Federal Income Taxation.

The deadline for application to the program shall be no later than the beginning of the second week of classes of the student's sixth semester of law school. Any student who applies after the beginning of his or her fourth semester must demonstrate that the program can be completed by the end of the sixth semester of law school. Appropriate adjustments will be made to deal with part­time students not on the regular semester schedule. Exceptions to the deadlines may be made with approval of the Emphasis Faculty Advisors, by majority vote.

Minimum Total Hours Required

The program will require a minimum of 15 hours of approved courses. Group A contains the courses that are "Required." Group B is a list of courses that students may choose among, designated as the "Grouped Required" courses. Students must take at least three of the courses from the Group B list.

Any course in Group A or B may be counted toward the required total hours even if it is also used to satisfy the student's Research and Writing Requirement.

Writing Requirement

Students must complete an academic research paper of high professional quality, sufficient to meet the Research and Writing Requirement standards of publishable quality, concerning a business or entrepreneurial law topic. The research paper must be certified as acceptable by one of the Emphasis Area Faculty Advisors. Students may fulfill this requirement in conjunction with any of the Group A or B courses, or independently as part of the general Research and Writing Requirement, as part of an Independent Study option, through one of the Law Schools' journal offerings, or through a research project pursued at the Center for the City at UMKC. There is no separate requirement that the research paper be graded.

Practical Skills Component

Students must complete at least one course containing a substantial practical skills component. The following courses satisfy this requirement:

  • LAW 8757 Business Planning
  • LAW 8837 Negotiating Mergers & Acquisitions
  • LAW 8875 Real Estate Transactions Planning Workshop
  • LAW 8757R Entrepreneurial Law Clinic
  • Advanced Legal Drafting (Business)
The requirement may be met by other internships, externships, simulation courses, drafting courses, or other courses designed to provide exposure to the type of work commonly performed by lawyers in the business and entrepreneurial law field, as the Emphasis Area Faculty Advisors may find acceptable. It is intended that courses fulfilling this requirement will include at least one business drafting exercise.

Ethics Component

Each academic year, the Emphasis Area Faculty Advisors will provide four contact hours of lectures, seminars or workshops dealing with ethical issues that frequently arise in the business and entrepreneurial law field. Each student must complete this ethics requirement.

Research Component

All Emphasis Area Students must complete an advanced research offering which will provide advanced skills in research in the business and entrepreneurial law field. This may entail a separate one hour course of study, a one hour component of an existing course, or separate lecture, seminar or workshop offerings as designated by the Concentration Faculty Advisors.

Prerequisites or Co-requisites

  • Business Organizations
  • Federal Taxation

Required Courses(Group A)

  • Securities Regulation
  • Legal Accounting (or other approved accounting education)
  • Either Taxation of Business Organizations or Corporate Tax I and Partnership Tax
  • Either Secured Transactions or Real Estate Finance

Grouped Required courses (Group B) (Must take three courses)

  • Business Planning
  • Real Estate Finance
  • Real Estate Transactions (May not count both Real Estate Finance and Real Estate Transactions.)
  • Negotiating Mergers and Acquisitions
  • Secured Transactions (If not taken to satisfy the UCC requirement or as a Group A course)
  • Commercial Transactions (If not taken to satisfy the UCC requirement)
  • Sales and Leasing (If not taken to satisfy the UCC requirement)
  • Debtor/Creditor
  • Problems in Bankruptcy (May not count both Debtor/Creditor and Bankruptcy.)
  • Entrepreneurial Law/Practice Clinic
  • Alternative Dispute Resolution
  • International Business Transactions
  • Labor Law
  • Employment Discrimination Law
  • Employment Law (No more than one course of the group including Labor Law, Employment Discrimination Law and Employment Law may be counted.)
  • Administrative Law
  • Intellectual Property Copyright Law (May not count both Intellectual Property and Copyright Law.)
  • Antitrust and Competition Law
  • Tax-Exempt Organizations
The above requirements are in addition to any hours received in connection with the Writing Component (unless done in connection with a listed course), any hours received for the Advanced Research Component, or for the Ethics Component. In addition, a course shall not be required for any student who has not had a reasonable opportunity to take the course due to limited enrollment, or due to the fact that the School has not offered the course at least once after the student has been admitted to the program.

 

For a student to be recognized as having graduated with an emphasis in Business & Entrepreneurial law, the student must have achieved a grade­point average of at least 3.0 in the minimum number of emphasis course requirements listed as Required or Grouped Required; provided that a student may, at the student’s option, omit a grade received in either Corporate Tax I/Sub S Tax (combined) or Partnership Tax, while still counting the course to reach the required number of academic credit hours for the emphasis; and that a student may also omit any grade received in any Grouped Required (Group B) course, so long as the student has grades from at least three (3) Group B courses to be counted in the grade point average necessary for the emphasis.
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