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Business Law for Entrepreneurs
(Duration: 5:00:00)
Price: $125.00
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12 months
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.
    • 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
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