Career Ready & Elective Courses / Full Catalog / Business Law 1a: Introduction
eDL Course Business Law 1a Introduction

Business Law 1a: Introduction

Whether you plan on starting your own business or being in charge of one, it is crucial you understand how to keep the company compliant. Explore what it means to run an ethical business, how to keep intellectual property, technology, and e-commerce safe and protected, understand insurance and taxes, and how to have a healthy workplace environment. Keep the business safe and growing by following the law.

Review Course Outline

Units at a Glance

Unit 1: Ethics and Business

As we begin our study of business law, it is important to make a clear distinction between ethical and unethical, as well as legal and illegal, conduct. After all, not all unethical conduct is illegal—but that certainly does not make it acceptable! All companies are faced with ethical dilemmas at some point or another. These ethical dilemmas can arise in a range of situations and business relationships. Choosing the morally appropriate course of action is always best, even if another choice may be technically permissible under the law. Let’s see how some of our most visible companies face and resolve these types of issues.

Unit 2: Developing and Protecting Your Business

Intellectual property laws protect the rights of anyone who creates artistic works or designs. These different types of property rights apply to patents, trademarks, copyrights, and trade secrets. So what happens if you upload a video to YouTube that wasn’t created by you? Depending on how it’s used, you may owe lots of money to the owner of the video! So read on to learn more about intellectual property law and the potential penalties anyone who uses another’s intellectual property without first securing permission may face.

Unit 3: Getting a New Business Started

Have you ever wondered if it’s easy to start a business? Is it as simple as hanging out a sign, opening up the front door, and selling a product? In some cases, it can be that easy, especially if your customers are local, and you specialize in one or two products or services. But as the business grows, it can get a bit more complicated—at this point, a business owner may have to consider what the long-term goals are for the business. So, let’s look at the steps to organizing a business, and how a person who owns and operates a business decides what type of business to build.

Unit 4: The Employer/Employee Relationship

As a business begins to grow, owners may not be able to handle all aspects of the company by themselves. In this case, an owner may consider whether they need or want to hire employees to help with the manufacturing and delivery of its products, or providing a service to its customers, especially if doing so makes it easier and more profitable to do business. Easy enough, right? Well, yes and no. If more people get involved in the company, the owners will have to spend more money for salaries and any benefits they offer their new employees. There will be a trade-off: is the company going to be more profitable by expanding even if it means paying employees, or is it better to stay small so the owner reaps all the benefit? In this unit, we explore different types of employees, their rights under the law, and the cost to employers who make the decision to hire employees. We will also examine the changing demographics of the workforce in today’s society.

Unit 5: Workplace Behavior

Now that we’ve covered how employer–employee relationships are established, we will explore the day-to-day operations of a company—from both the employer’s and employees’ perspective. While it might seem that mutual respect should be enough to promote a safe and ethical working environment, companies attain greater success when they take the time to clearly, and repeatedly, train and mentor their employees in standard issues like company policies and anti-harassment measures, as well as exciting developments like new technologies.

Unit 6: Technology and eCommerce Best Practices

In the 21st century, businesses how found so many ways to use technology in the workplace. In fact, the role of technology is so important that many companies create a department in their organization to deal exclusively with technology. But using technology has both benefits, such as the convenience of online shopping, and risks, such as security concerns. Let’s dive in to explore how companies use technology, what they can do to maximize benefits while reducing risks, and the role of government in all of this.

Unit 7: Property and Insurance

As we know, the process of starting, running, and growing a business involves many layers of work. And once we’ve done the heavy lifting of getting a business up and running, hiring, and finding the best tech and security solutions, of course we are going to want to protect our assets. Suddenly it seems like the easiest part of operating a business is coming up with the idea for what you want to sell! So now, it’s time we explore the question, “What property belongs to my business, and how can I protect it?” Specifically, we’ll cover real and personal property, how property is transferred from one entity to another, and how the property should be insured.

Unit 8: Taxes

You know what they say: the only certainties in life are death and taxes. As we wrap up our journey, we will continue to explore the financial costs of doing business, and this, of course, includes paying taxes to the government. Most people who work and earn an income pay taxes on that income, but business owners have some unique opportunities and responsibilities when it comes to taxes.

Contact Us