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Fundamentals of Business Law

Learn about the fundamentals of business law and the different types of business ownership with this course.

Free Course
Business law encompasses all the laws that dictate how to form and run a business, including how to start, buy, manage, close or sell any type of business. New companies need to become completely familiar with these laws before even opening their doors for the first time. In a clear and simple manner, this course will teach you everything you need to know about business law where it relates to business ownership.





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Understanding the principles of business law is a must for every entrepreneur. This course will first discuss the fundamentals of business law. It will then cover and define the different types of business ownership such as sole proprietorships, general partnerships, limited partnerships, and incorporations. In a step by step manner, you will be guided through the legal requirements, legal recommendations, financial status, taxation, and liability related to the most common types of businesses.

You will then learn important business law principles for the simplest type of business ownership, a sole proprietorship, and look into a general partnership which is a business owned by two or more persons. You will also understand why both business types provide no protection against liability to the owner of the business. Finally, you will study the laws that encompass a corporation, in which the owners are the shareholders and are not liable for debts.

Most employees dream of setting up their own business someday but choosing what type of business ownership to go for is not as easy as it might sound. You must first be aware of all the options available, weigh the advantages and disadvantages, and from there choose which ownership is the most suited to your situation. For those who are planning to establish their own business, this course will be a great help. So why wait? Start learning something useful, today.

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