Business Law for Entrepreneurs

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14

Lessons
15

Exams &
Assignments
142

Students
have taken this course
7

Hours
average time
0.7

CEUs

Course Description

This course provides the important legal information you want as an entrepreneur and business owner. The course is ideal for helping you decide important factors to consider when leaving your current employer and taking the jump to your own business. We discuss the important components of business operational structures so you understand how to structure your business for legal and tax purposes. Next, we show you how to raise startup capital and venture capital if you need it. These concepts are complemented with the necessary legal protection you need to protect yourself as an employer as we cover employment law for hiring, and firing. Then we cover all of the taxation and liability insurance requirements you have for your business as well as the necessary pieces of contracts you will use in your business. After these foundational aspects we also cover valuating your company and selling your company when you want to move on to the next big venture as an entrepreneur.

This course provides you the lessons you need to help you mitigate risk, ensure growth, and steer you clear of potential pitfalls. We show you how to protect what you have developed and what to do to avoid bankruptcy. All of the aspects you need for planning the perfect business environment are included. Experts say the best businesses are those that are carefully planned and can therefore stand the test of time.

Completely Online

Self-Paced

6 Months to Complete

24/7 Availability

Start Anytime

PC & Mac Compatible

Android & iOS Friendly

Accredited CEUs

Universal Class is an IACET Accredited Provider

Course Lessons

Average Lesson Rating:

"Extraordinarily Helpful"

(125 votes)

Lesson 1: Deciding to Leave Your Employer the Pros and Cons

Part of the entrepreneurial spirit is realizing you want something more tangible in life, which involves the successful development of your own business. Sometimes, the hard part is determining when to make the jump. We will discuss many of the pros and cons of leaving your current employer. 12 Total Points

Review Article: SHOULD I QUIT MY JOB TO START MY OWN BUSINESS?
Take Survey: Reasons for Taking this Course
Complete: Exam 1

Lesson 2: Business Types

There are many business types that the entrepreneur may decide to use for their business. Each of them has their own advantages, operational applications, and tax structures. 12 Total Points

Review 4 Articles: Business Types; Types of business structures; Compare Business Types; Franchise.com
Complete: Exam 2

Lesson 3: Franchises

The entrepreneur enters into a contractual agreement with the franchisor to use their name and business operation plan in exchange for a fee or franchise cost. 12 Total Points

Complete: Exam 3

Lesson 4: Raising Startup Capital

Once you are committed to the idea of your company, you will need funding to get started. This funding is called "startup capital." Startup capital is the fuel that feeds the fire and every business needs capital. 12 Total Points

Review Article: 10 Terms You Must Know Before Raising Startup Capital
Complete: Exam 4

Lesson 5: Understanding Intellectual Property Rights

Intellectual property covers creations of the mind such as literature works, artistic pieces, and inventions. Intellectual property is divided into two categories of industrial property and copyright. 11 Total Points

Review 2 Articles: Understanding Intellectual Property Basics; Intellectual property: protection and enforcement
Complete: Exam 5

Lesson 6: Patents, Copyrights, Trademarks and Trade Secrets

Depending upon the type of business you have developed, you may encounter issues with patents, copyrights, trademarks, and trade secrets. These type of agreements cover the licenses and requirements for materials and their use and development of products and services. 12 Total Points

Review 2 Articles: What is the difference between a patent, a trademark and a copyright?; An Introduction to Patents, Brands, Trade Secrets, Trademarks, and Intellectual Property Rights Issues
Complete: Exam 6

Lesson 7: Employment Law

The business and corporate world of today operates in an environment with a significant number of requirements to manage employee benefits, discrimination, medical leave, and safety. 11 Total Points

Review 2 Articles: Creating an Employee Handbook; What should employee orientation programs include?
Complete: Exam 7

Lesson 8: Forming a Contract, Contracts and Fraud, and Sales Contracts

Contracts are formed for business interactions, such as leases, partnership agreements, purchase orders, sales agreements, promissory notes, letters of acceptance, or employment contracts. 12 Total Points

Review 2 Articles: Formation Of A Contract; Creating a legally enforceable Contract
Complete: Exam 8

Lesson 9: Taxation, the Employer's Responsibilities, and Government Regulations

There are appropriate ways to manage taxation and comply with government regulations. Your tax rules will be based on the structure of your company and a number of factors that are driven by law. 12 Total Points

Review Article: Five Areas of Government Regulation of Business
Complete: Exam 9

Lesson 10: Property and Ownership Issues

This lesson will focus on property and ownership issues for entrepreneurs not covered under patents, copyrights, trademarks and trade secrets. 12 Total Points

Review 2 Articles: Legal Issues for Small Business; Business Taxes: Filing Your 2014 Tax Return
Complete: Exam 10

Lesson 11: Operational Liabilities and Insurance

As a business owner, you want to be prepared and be in a position to mitigate risk. Insurance is used to protect your livelihood from liability. 12 Total Points

Review 2 Articles: Types of Business Insurance; Insurance Coverage: A Business Necessity
Complete: Exam 11

Lesson 12: Venture Capital

Venture capital is typically used to fund fledgling high-growth companies, which have a higher risk but offer a higher potential for returns. 12 Total Points

Review 2 Articles: Venture Capital; Articles on Venture Capital for Small Business
Complete: Exam 12

Lesson 13: Valuating Your Company by Industry and Selling Your Company

Determining the value of a business is difficult because value means different things to different individuals. Economic conditions, personal feelings, and historic value are all used to determine a business?s worth. 12 Total Points

Review 2 Articles: How To Value A Young Company; How Startup Valuation Works ? Measuring a Company's Potential
Complete: Exam 13

Lesson 14: Bankruptcy

Bankruptcy is a difficult topic business owners may struggle with. No one wants to feel as though they are a failure at a business venture, and it will be difficult, but the decision to file bankruptcy will mitigate other cascading factors from occurring. 96 Total Points

Take Poll: End of Course Poll
Take Survey: Course Comments
Take Survey: Program Evaluation Follow-up Survey (End of Course)
Complete: Exam 14
Complete: The Final Exam

250

Total Course Points

Learning Outcomes

By successfully completing this course, students will be able to:

Summarize business types.
Describe franchises.
Identify ways for raising startup capital.
Summarize intellectual property rights.
Summarize patents, copyrights, trademarks and trade secrets.
Describe forming a contract, contracts and fraud, and sales contracts.
Summarize taxation, the employer's responsibilities, and government regulations.
Recognize property and ownership issues.
Summarize operational liabilities and insurance.
Define venture capital.
Describe methods for valuating your company by industry and selling your company, and
Demonstrate mastery of lesson content at levels of 70% or higher.

Additional Course Information

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