The Business Law minor is available to all undergraduate degree-seeking students on the Twin Cities campus of the University of Minnesota, including Carlson School students. In this minor, you’ll explore issues and concepts at the intersection of law and business and learn analytical techniques that will be helpful in business settings. This minor can also prepare you for further study in law school, an MBA program, or other graduate program.
Students are admitted in the fall and spring semesters. Applications are encouraged by April 1 for fall and November 1 for spring. Students are encouraged to apply for the minor as soon as they have completed LAW 3000 with a grade of C or better.
Required Courses - 6 Credits
|Course||Credits||Title & Additional Information|
|LAW 3000||3||Introduction to American Law and Legal Reasoning |
Note: Completion of this course (grade of C or higher) is required before enrolling in 5000-level Law School courses as part of the minor. Students should plan ahead and complete this course as early as possible.
|Plus one of the following courses:|
|FINA 3001||3||Finance Fundamentals (prereq: ACCT 2050 and SCO 2550 or equivalent statistics course)|
|LAW 5076||3||Essentials of Business for Lawyers|
|3||Fundamentals of Management|
|MGMT 3004||3||Business Strategy |
Note: This course is only available for Carlson School students.
Elective Courses - 9 Credits
|Course||Credits||Title & Additional Information|
|3||Law of Business Organization (strongly recommended)|
|BLAW 3058||4||The Law of Contracts and Agency|
|LAW 5606||3||Administrative Law|
|LAW 5103||3||Data Privacy Law|
|LAW 5062||3||Energy Law|
|LAW 5061||3||Financial Regulation|
|LAW 5908||1 or 2||Independent Research (requires permission from law school faculty supervisor)|
|LAW 5601||3||International Business Transactions|
|LAW 5624||3||Strategic Management of Intellectual Property|
|LAW 5100||3 or 4||Tax I|
Appropriate Law School courses not on the list above may be taken to fulfill minor requirements, with permission from the Business Law Minor Adviser.
An undergraduate GPA of 3.0 or higher at the time of entry into the minor is required. This requirement can be waived on a case by case basis.
Students must complete LAW 3000 with a grade of C or higher before they apply for this minor.
Frequently Asked Questions
Is the minor open to students who do not plan to attend law school?
Yes. There is no requirement or assumption that you plan to attend law school. The classes are designed to be interesting and helpful to a wide variety of students with a wide variety of career goals.
Will the minor help me if I plan to attend law school?
Yes, in that you will take courses from law professors, will be exposed to law school teaching techniques, and will be trained in legal analysis. This will help you adapt to law school more easily than students who lack that background. The minor might also help you decide whether to attend law school.
There are two important caveats. First, the American Bar Association prohibits accredited law schools in the U.S. from awarding J.D. credit for undergraduate work. Accordingly, your credits in the minor will not transfer into law school. Second, law schools do not require students to have prior exposure to law, so you should not think of the minor as essential preparation for law school.
Do courses in the minor count toward Honors Program requirements?
Yes, LAW 3000 is an honors contract course. Additional honors contract courses may be available in the future.
Will the minor help me if I plan to attend a graduate program other than law school?
Yes. The minor emphasizes critical reasoning and problem solving skills. These skills are useful in all academic fields. Of course, there is an opportunity cost to every decision: if you complete the Business Law minor, then you are not doing something else with that time. You should consult with your advisers to determine what options are best for you in light of your goals and circumstances.
When can I begin taking courses to satisfy the minor?
Students are recommended to start in their sophomore or junior year.
When I take law courses, will I be evaluated in comparison to law students?
No. Undergraduates in law courses will be graded separately from law students.
Do I need any preparation for the minor or prior knowledge of law?
No. Courses in the minor do not assume prior familiarity with law, provided that you take LAW 3000 before enrolling in 5000- or 6000-level law courses.
Should I take courses in a particular order?
Yes. You should start with LAW 3000: Introduction to American Law and Legal Reasoning. This course is required before you can take more advanced courses at the Law School. It is recommended that you take 3000-level courses before 5000- and 6000-level courses. You should work with the Business Law Minor Adviser to find a sequence that makes sense in light of your goals, schedule, and preparation.
Can graduate students complete the minor?
No, but they can complete the Graduate Law minor.
Business Law Minor Adviser