Business Law for Entrepreneurs

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.

Duration: 5 hours

Content:

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