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Business Law for Entrepreneurs Business Law for Entrepreneurs is a Course

Business Law for Entrepreneurs

Time limit: 90 days

$159 Enroll

Full course description

When starting a new venture, understanding the relevant laws can make or break your success. This course covers the basics of business law for an entrepreneur. It reviews legal structures for a new venture, intellectual property, employment law, contracts, government regulation, and personal and real property.

Learning Outcomes

  • Understand basic legal terminology and the larger legal environment
  • Identify and distinguish among the three basic legal structures of business organization
  • Explain the advantages and disadvantages of a sole proprietorship
  • Understand the rules and liabilities involved in a partnership
  • Discuss the advantages and disadvantages of a corporation, and the steps necessary to incorporate
  • Distinguish between a general partnership and a limited partnership or a limited liability partnership
  • Explain the differences between S corporations and limited liability companies
  • Identify the three major types of franchises and discuss the pros and cons of franchising
  • Explain the major legal protections for intellectual property rights
  • Define and distinguish between patents and copyrights
  • Discuss the importance of trademarks
  • List the criteria that define a trade secret
  • Identify the areas of employment law that are most relevant to entrepreneurs
  • Define the four legal elements involved in forming a contract
  • Discuss the Statute of Frauds and the types of contracts to which it applies
  • Explain Article 2 of the Universal Commercial Code and how it applies to sales contracts
  • Understand the basics of tax law as it applies to a business
  • Identify the major areas of federal regulation that apply to businesses
  • Understand basic legal principles applying to personal property
  • Understand basic legal principles applying to real property
  • Identify the legal means for transferring ownership of real property
  • Identify the three types of bankruptcy defined under federal law

Estimated length: 5 hours
Access time: 90 days
0.5 CEUs | 5 HRCIs