Accounting, Tax & Business Considerations for Lawyers

Professor Terry Jacobs will teach this class during the March 2020 intersession. 

Course Description

Accounting, tax, and business considerations for lawyers and why these are important considerations for lawyers; changes occurring in today's business models; discussions on choosing a legal structure for a business; financial statements basics, detailed example of a financial statement, and discussion on accounting basics expanded; advanced topics in accounting to allow some background on these topics.

This course will be a one-week immersion that introduces students to important accounting, tax, and business considerations for lawyers. The sessions will cover such topics as why these substantive areas are important for lawyers, the changes occurring in today's business models, choosing a legal structure for your business, financial statements basics, a detailed example of a financial statement, and advanced topics in accounting. One goal of the course is to enable students to understand accounting jargon and its meaning in the accounting world. The course will also include a discussion on financing of businesses and valuation of business, as well as the challenges of managing a professional service firm, a small business, or a legal department. The course will also include a session on considerations in buying and selling a business, as well as a discussion of personal taxes (whether self employed or an employee), the value of communication, and practicing in an uncertain world.

Schedule Information

March 16 - 20, 2020 1:00-4:15pm