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. Company law in context is a course from the College of Law, offering a basic introduction to the legal concepts of companies, partnerships, assets and liabilities.

Course learning outcomes

After studying this course, you should be able to:

- describe in general terms what a business is

- identify the main types of business medium

- demonstrate an understanding of the key characteristics of businesses run as sole traders

- determine what are the assets and liabilities of a business using numeracy skills.