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Business Law for Entrepreneurs

Self-Paced5 Course Hours | 12 Weeks
View Course
Business Law for Entrepreneurs


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.


  • IACET CEUs: 0.5
    • HRCI Credits: 5
      • SHRM PDCs: 5


        • Mobile-friendly
        • Audio-enabled
        • Badge and credit-awarding
        • Real-world case studies
        • Fully accessible
        • Games & Flashcards
        • Expert-supported
        • Video content

        learning Outcomes

        • 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

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        • Entrepreneurship
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          Leadership and Management for Entrepreneurs

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