from The Open University
Alternatively you can skip the navigation by pressing 'Enter'.
Are our kids tough enough? Chinese school: Episode TwoSaturday, 29th August 2015 00:55 - BBC TwoThe teenagers rebel against the strict discipline and lengthy days at the Chinese school. Read more: Are our kids tough enough? Chinese school: Episode Two
Are our kids tough enough? Chinese school: Episode TwoAvailable until Monday, 28th September 2015 01:55The teenagers rebel against the strict discipline and lengthy days at the Chinese school. Read more: Are our kids tough enough? Chinese school: Episode Two
OpenLearn Live: August Bank Holiday Special 2015Not so much live, but with a great collection of free courses, things to watch and listen to, and... Read more: OpenLearn Live: August Bank Holiday Special 2015
Are our kids tough enough? Chinese schoolIn a unique experiment, five teachers from China take over the education of 50 teenagers in a... Read more: Are our kids tough enough? Chinese school
Challenges in advanced management accountingThis free course, Challenges in advanced management accounting, focuses on strategic management... Try: Challenges in advanced management accounting now
English: skills for learningThis course is for anybody who is thinking of studying for a university degree and would like to... Try: English: skills for learning now
Company law in context
The legal issues involved in setting up and running a business can be complex and...
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.
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.
- Current section: Introduction
- Learning outcomes
- 1 General introduction to company law and practice
- 2 Introductory concepts
- 3 Sole traders and partnerships as business mediums
- 3.1 Key themes and learning outcomes
- 3.2 Forms of business organisation, or ‘business mediums’
- 3.3 Sole traders
- 3.4 Partnership
- 3.5 Review of learning outcomes
- 4 Reflection on this unit
Study this free course
Enrol to access the full course, get recognition for the skills you learn and track your progress. Make your learning visible!
Company law in context
In this unit, we will consider the nature of businesses and the principal forms of business organisation. The themes covered in Part A are company, business and capital; and in Part B, business mediums, sole traders, partnerships or firms, and assets and liabilities.
This free course is an adapted extract from the Open University course W223 Company law and practice, which is no longer taught by the University. If you want to study formally with us, you may wish to explore other courses we offer in this.
Copyright & revisions
Originally published: Tuesday, 3rd May 2011
- Creative-Commons: The Open University is proud to release this free course under a Creative Commons licence. However, any third-party materials featured within it are used with permission and are not ours to give away. These materials are not subject to the Creative Commons licence. See terms and conditions. Full details can be found in the Acknowledgements section.
- This site has Copy Reuse Tracking enabled - see our FAQs for more information.
If you enjoyed this, why not follow a feed to find out when we have new things like it? Choose an RSS feed from the list below. (Don't know what to do with RSS feeds?)
Remember, you can also make your own, personal feed by combining tags from around OpenLearn.