UMKC Entrepreneurial Legal Services Clinic MISSION MISSION Assist business-start-up owners with company formation services, and to train students to render high-quality legal services

UMKC ELS Clinic Coursework requirements Coursework requirements Business Organizations Federal Taxation (both required for graduation) Business Planning (recommended)

UMKC ELS Clinic Promotes Pro Bono tradition: Assist low-income entrepreneurs Assist low-income entrepreneurs Form non-profit organizations and prepare tax-exempt application Form non-profit organizations and prepare tax-exempt application Draft co-ownership agreements among multiple owners Draft co-ownership agreements among multiple owners

UMKC ELS Clinic Assist low-income entrepreneurs 80% of median US income 80% of median US income Cannot afford legal fees Cannot afford legal fees

UMKC ELS Clinic Practical Skills Interview clients Interview clients Marshall the facts Marshall the facts Educate clients to understand choices and consequences Educate clients to understand choices and consequences Choice of entity analysis Choice of entity analysis Draft formation documents Draft formation documents Prepare owners manual Prepare owners manual

UMKC ELS Clinic Advice about general business operations: Insurance Insurance Income, self-employment, and sales taxes Income, self-employment, and sales taxes Local regulations Local regulations Name selection and trademark Name selection and trademark Entity maintenance Entity maintenance

UMKC ELS Clinic PROMOTES PRO BONO SERVICE: Appreciate challenges of low- moderate self-employed business people Appreciate challenges of low- moderate self-employed business people Will continue to serve them after graduation Will continue to serve them after graduation Clients build wealth and become paying clients Clients build wealth and become paying clients

UMKC ELS Clinic Form non-profit organizations and prepare tax-exempt application Practical Skills: interview, marshall, educate, analyze choice, draft documents Practical Skills: interview, marshall, educate, analyze choice, draft documents

UMKC ELS Clinic Also Discuss non-profit program implementation Discuss non-profit program implementation Draft organizational documents (articles, by-laws, minutes, conflicts policy, SS4) Draft organizational documents (articles, by-laws, minutes, conflicts policy, SS4) Prepare application form 1023 Prepare application form 1023 Maintenance memo Maintenance memo

UMKC ELS Clinic Learn non-profit organizations operation and compliance necessary for acquiring and maintaining tax- exempt status Learn non-profit organizations operation and compliance necessary for acquiring and maintaining tax- exempt status

UMKC ELS Clinic PROMOTES PRO BONO SERVICE Not only encourages assistance of non-profits as attorneys but also expands their education and promotes board service Not only encourages assistance of non-profits as attorneys but also expands their education and promotes board service Gives transactional practitioners a way to provide pro bono service Gives transactional practitioners a way to provide pro bono service

UMKC ELS Clinic Draft co-ownership agreements among multiple owners Practical Skills: interview, marshall, educate, analyze choice, draft documents Practical Skills: interview, marshall, educate, analyze choice, draft documents Learn to fit the form to the business deal (not the deal to the form) Learn to fit the form to the business deal (not the deal to the form)

UMKC ELS Clinic Educate clients about complex options (buy-sell, elective tax treatment, management structure) Educate clients about complex options (buy-sell, elective tax treatment, management structure) Draft documents faithfully reciting clients desires Draft documents faithfully reciting clients desires

UMKC ELS Clinic PROMOTES PRO BONO SERVICE Students see promise in assisting non-paying clients who may later become paying clients Students see promise in assisting non-paying clients who may later become paying clients Assist capital-strapped entrepreneurs who cannot afford fees Assist capital-strapped entrepreneurs who cannot afford fees

UMKC ELS Clinic Clients avoid problems of poor organization and planning Clients avoid problems of poor organization and planning Better position to attract venture capital Better position to attract venture capital Adds to economic development Adds to economic development