imchuckbass58 wrote:It seems to me that you don't really need to take a class to know how IPOs work, the general idea of what fiduciary duty is, or the basic difference between different ownership structures (partnership, LLC, c-corp, etc). That's something a lot of people pick up, especially if they've worked in business before.
I guess what I'm asking is if you really have to know the law you learn in Corps, or if it's fine if you have a general knowledge of the key concepts from previous experience.
If you have a genuine business background it's probably not as important. But if you happen to be a LAC grad who doesn't know an LBO from an IPO, and doesn't understand what a derivative suit is, it seems like you'd be asking a lot of really embarrassing questions as a SA.