Tomorrow’s entrepreneurs and business lawyers are getting a different kind of head start, thanks to a new University of Michigan Law School clinic.
Launching this fall, the Zell Entrepreneurship and Law (ZEAL) Program will offer free legal advice to student entrepreneurs, and, at the same time, train law students to better serve both start-up and existing entrepreneurial businesses.
Under the supervision by faculty members, student-attorneys will tackle business formation, trademark, finance, patent, regulatory and other issues that every entrepreneurial venture faces.
The program is named for Sam Zell, a Chicago-based entrepreneur who began an apartment management and investment company while attending the U-M.
In a statement, the school noted that small businesses are the leading driver of job growth in the U.S., creating 64 percent of new jobs in the country. There are roughly 29.6 million small businesses in the country, and approximately 627,000 are started every year.
And our state could certainly use a few of them.