So school started this week and I made it through 3 classes without getting on the internet…. That may not sound like much but trust me, that’s monumental. So I had to reacquaint myself with how to kill time on the web, and I found myself on Molly’s blog. A previous post summarized in a nutshell what she learned from each class last semester, and it inspired me. So here’s what I learned last semester:
Business Associations II – If you own stock in a company, always show up to shareholder meetings. And if you’re going to start your own business, make it an LLC.
Evidence – There are only really 10 rules of evidence, but every rule has an exception, every exception has a qualification, and every exception has an exception that will surely apply. Unless it doesn’t. And don’t trust Law & Order, they almost always get it wrong.
Taxation of Business Organizations – ummmm…… Hire a really smart CPA. (aka Allie Hanson)
Time of Crisis: Rethinking Our Financial Markets – Nobody really knows what’s going on in the financial world and how to control it. Not even brilliant men like Alan Greenspan. The entire framework we’ve been operating under is based on assumptions that aren’t necessarily correct. And it’s inefficient to try and pay off your house; unless you plan on staying in that house for the rest of your life, only pay your minimum monthly payments and invest your money somewhere with a higher rate of return.
Commercial Law: Secured Transactions – Any time you enter into a payment contract, think about if you’re borrowing money or loaning money. If you’re the potential creditor, always get your agreement secured immediately (in writing and filed). If you’re the potential debtor, don’t sign anything, hope your creditors are too lazy to get the credit secured, and convey your assets to someone you trust if you think a creditor is about to come after you.
I hope Jay Kramer doesn’t read this because he will surely think it’s sacrilegious. I'm sorry Jay, I will burn in good-law-school-student hell.
