from The Open University
Alternatively you can skip the navigation by pressing 'Enter'.
Thinking Allowed: Factory music and volunteering post-recessionWednesday, 1st July 2015 16:00 - BBC Radio 4<p>On this week's programme, Laurie Taylor and guests discuss pop music in worker's culture and how... Read more: Thinking Allowed: Factory music and volunteering post-recession
The Met: Policing London: Episode FourThursday, 2nd July 2015 00:10 - BBC One
The Met: Policing London: Episode FourThursday, 2nd July 2015 01:00 - BBC One
The Bottom Line: Summer 2015: The Bottom Line - Burger BattlesThursday, 2nd July 2015 20:30 - BBC Radio 4
The Bank: Love and MoneyAvailable until Sunday, 2nd August 2015 00:50The second episode of The Bank looks at love in relation to money - with everything from engagements, marriage,... Read more: The Bank: Love and Money
Thinking Allowed: White working class boys and French thoughtAvailable for over a year
The Bottom Line: Summer 2015: The Bottom Line - Angel InvestorsAvailable for over a year
The Bottom Line: Summer 2015: The Bottom Line - OutsourcingAvailable for over a year
Great Ormond Street HospitalThis series explores the remarkably difficult tasks facing children and medical professionals at... Read more: Great Ormond Street Hospital
Take the photographic memory testCan you capture scenes just by looking at them? Find out with our photographic memory test. Launch now: Take the photographic memory test
The role of the managerThis free course, The role of the manager, examines the manager role in theory and in practice.... Try: The role of the manager now
Succeed with maths – Part 1If you feel that maths is a mystery that you want to unravel then this short 8-week course is for... Try: Succeed with maths – Part 1 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, track your progress and on completion gain a statement of participation to demonstrate your learning to others. 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.