from The Open University
Alternatively you can skip the navigation by pressing 'Enter'.
Catching History's Criminals: The Forensics Story: Traces Of GuiltSaturday, 28th November 2015 23:00 - BBC FourAs Gabriel Weston discovers: every contact leaves a trace... Read more: Catching History's Criminals: The Forensics Story: Traces Of Guilt
The Hunt: Episode 4: Hunger at SeaSunday, 29th November 2015 16:50 - BBC One
Ireland with Simon Reeve: Episode 2Sunday, 29th November 2015 20:00 - BBC Two
Power to the People: Episode 3: The Customer is Always RightTuesday, 1st December 2015 21:00 - BBC Four
Catching History's Criminals: The Forensics Story: Traces Of GuiltAvailable until Tuesday, 29th December 2015 00:00As Gabriel Weston discovers: every contact leaves a trace... Read more: Catching History's Criminals: The Forensics Story: Traces Of Guilt
All in the Mind: Mindfulness, porn addiction and slothfulnessAvailable for over a year
Power to the People: Episode 2: It's Not Easy Being GreenAvailable until Friday, 25th December 2015 04:00
The Hunt: Episode 2: In the Grip of the SeasonsAvailable until Friday, 25th December 2015 02:45
Talking turkey: 12 facts about turkey geneticsThe turkey is a fascinating bird - and demands more respect than a bit of stuffing and a spot of... Read more: Talking turkey: 12 facts about turkey genetics
OpenLearn Live: 26th November 2015Kilmachthomas, birthplace of a theatrical giant and site of a river which almost sank Cromwell.... Read more: OpenLearn Live: 26th November 2015
Social science and participationThis unit looks at how social science investigates participation, and uses this topic to look in... Try: Social science and participation 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.