Why it is relevant for ...

[ Litigation ] as a Key Elective : For any civil litigation practice, a basic understanding of business principles is key, as much of civil litigation involves corporations, whether it's two corporations litigating against each other, or a government agency or public interest organization suing a corporation for alleged wrongdoing. As tax consequences are often one of the drivers in structuring deals and contracts, it can be useful for a litigator to understand the basics. This course examines the federal income tax consequences of a number of broad topics related to corporate formation, operation and reorganization.

[ Academia ] [ Regulatory & Policy ] as a Key Elective : Tax is often mentioned by business lawyers as useful background for any career in business law, without regard to a focus on a specific career orientation. As a foundational course, tax is a building block for more advanced business law courses. This class will examine the federal income tax consequences of the following topics: incorporation, corporate capital structure; dividends and redemptions; mergers and reorganizations; liquidations and the transferability of tax attributes.

[ Transactional ] as a Foundational Course : Tax is often mentioned by business lawyers as useful background for any career in business law, without regard to a focus on a specific career orientation. As a foundational course, tax is a building block for more advanced business law courses. This class will examine the federal income tax consequences of the following topics: incorporation, corporate capital structure; dividends and redemptions; mergers and reorganizations; liquidations and the transferability of tax attributes.