Fundamentals of Business Law
Learn about the fundamentals of business law and the different types of business ownership with this course.
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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.
After studying this course you will: - Be familiar with important princi ples of business law; - Understand the principle of sole proprietorship; - Understand the principle of general partnerships; - Understand the principle of limited partnerships; - Understand the principle of incorporations;
All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire an official Certificate, which is a great way to share your achievement with the world. Your Alison Certificate is:
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