Small Business Marketing
, Small Business Management
3 Business Credits
Small business operators are often faced with the daunting task of advertising and building a brand with a restricted budget.
Course Description:
Small business owners and entrepreneurs must have a working knowledge of many different fields, including the law. This course covers the basics of business law as it pertains to small businesses, franchises, and entrepreneurial endeavors. The topics considered include legal structures for new ventures, contracts, intellectual property rights, real property, employee rights, tax responsibilities, and product warranties and liabilities. While small business owners should be familiar with these issues, there is no substitute for having qualified legal counsel. The course also explores the relationship between a business and its legal representatives, how to find a small business lawyer, and at what stage legal counsel should be sought.
What You’ll Learn:
- Understand basic legal terminology and the larger legal environment
- Explain the advantages and disadvantages of the three basic legal structures of business organization (sole proprietorships, partnerships, and corporations)
- Identify the three major types of franchises and discuss the advantages and disadvantages of franchising
- Explain different types of taxation and an employer's tax duties
- Define the legal elements involved in forming a contract
- Understand the basics of warranties and product liability
- 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
- Describe the three types of bankruptcy defined under federal law
- Explain the major legal protections for intellectual property rights
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, Small Business Management
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