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Last updated:

May 18, 2022

Duration:

Unlimited Duration

FREE

This course includes:

Unlimited Duration

Badge on Completion

Certificate of completion

Unlimited Duration

Description

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. Company law in context is a course from the College of Law, offering a basic introduction to the legal concepts of companies, partnerships, assets and liabilities.

Introduction

In this course, we will consider the nature of businesses and the principal forms of business organization. The themes covered in Part A are a company, business and capital; and in Part B, business mediums, sole traders, partnerships or firms, and assets and liabilities. This course provides a sample of Level 1 study in Law.

Course learning outcomes

After studying this course, 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
  • Determine what are the assets and liabilities of a business using numeracy skills.

Course Curriculum

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Open University UK