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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

Business Law - LawShelf Educational Media

Descriptions and credit recommendations for all evaluated learning experiences

Length:

Various (self-study, self-paced).

Dates:

June 2021 - Present. 

Objectives:

Upon successful completion of the course, students will be able to:  Apply the “automatic stay” rules to determine when creditors are prohibited from contacting debtors and stopped from bringing enforcement actions against debtors who have filed for bankruptcy protection; Describe the bankruptcy processes under the most common types of bankruptcies, under Chapters 7, 11 and 13 of the Bankruptcy Code; Determine which debts can and cannot be discharged in bankruptcy; Apply the rules of approving, modifying, discharging and objecting to bankruptcy proceedings; Assist in the preparation and filing of bankruptcy petitions and in the schedules and other documents relevant to a bankruptcy proceeding.

Instruction:

This course covers the basics of bankruptcy law and focuses on the most common forms of bankruptcy and most important rules. The course opens by looking at the structure of the bankruptcy code, the system of bankruptcy courts and roles of federal and state law in the bankruptcy process. It also looks at the roles of the debtor, the creditors, the court, and the bankruptcy trustee.

Credit recommendation:

In the lower division baccalaureate/associate degree category, 2 semester hours in Legal Technology, Legal Environment and Paralegal Studies (6/21). 

Length:

Various (self-study, self-paced)

Dates:

June 2021 - Present. 

Objectives:

Upon successful completion of the course, students will be able to: Describe various business entities and distinguish between them; Choose the most appropriate business entity for a business organization, based on a wide variety of factors; Differentiate between liabilities, rights, tax implications, etc., of partnerships, LLCs, corporations, and other business entities; Determine whether an organization is eligible for S Corporation status and describe the ramifications of an S Corporation election; and Discuss the process of taking a company public and the additional regulations that public companies are subject to.

Instruction:

This course introduces students to the wide array of business forms, discusses how to create specific business entities, and explains the benefits and pitfalls of each type of business organization. This course also discusses the types of business entities, the state and federal laws that impact business formation, and the factors an entrepreneur should consider prior to forming a business such as: liability, ownership, costs, taxation, and transferability of ownership interests. It also covers factors relevant to various forms of business organizations.

Credit recommendation:

In the lower division baccalaureate/associate degree category, 3 semester hours in Introduction to Business, or Business Management (6/21).

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