Online Course: Company law in context

  • Time: 10 hours
    Level: Intermediate
  • The legal issues involved in setting up and running a business can be complex and confusing, especially when some of the terms used don’t seem to have clear meanings. This unit from the College of Law gives a basic introduction to the legal concepts of companies, partnerships, assets and liabilities.

Learning outcomes

After studying this unit you should be able to:

  • Part A:
  • describe in general terms what a business is;
  • demonstrate an appreciation of the concept of capital.
  • Part B:
  • identify the main types of business medium;
  • demonstrate an understanding of the key characteristics of businesses run as sole traders;
  • demonstrate an understanding of the key characteristics of businesses run in partnership;
  • identify in broad terms where the risks of business failure lie;
  • determine what are the assets and liabilities of a business using numeracy skills.

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