Vlasov’s one-dimensional structural theory for thin-walled open section bars was originally developed and used for metallic elements. The theory was recently extended to laminated bars fabricated from advanced composite materials. The purpose of this research is to provide a study and assessment of the extended theory. The focus is on flexural and torsional-flexural buckling of thin-walled, open section, laminated composite columns. Buckling loads are computed from the theory using a linear bifurcation analysis, and are compared to available experimental data. Also, a geometrically nonlinear beam column analysis by the finite element method is developed from the theory. Results from the nonlinear compression response analysis are compared to limited available test data. The merits of the theory and its implementation are discussed.