This course considers legal issues typically arising in the course of representing an entrepreneurial venture, including choice of appropriate entity, naming and trade names, agreements among initial and early owners, operational management, governance, succession, equity and debt finance, intellectual property issues, employment arrangements and applicable employment statutes, executive compensation, typical operational contracts, risk management and ethical issues. This course will also review customary financial statements, business strategies in terms of long-term development or early exit, and common exit alternatives. The objective is to give participants an introduction to the diverse legal problems that they are likely to encounter in an entrepreneurial setting, either as lawyers for the enterprise or as owners of an equity position in the enterprise. NOTE: Due to course content overlap, students may not enroll in Business Planning for Small Business Enterprises (BUSLW 958). This course satisfies the experiential learning requirement.