LawShelf Educational Media | Evaluated Learning Experience
Business Organizations (BUS-101)
Various (self-study, self-paced)
June 2021 - Present.
Upon successful completion of the course, students will be able to: Describe various business entities and distinguish between them; Choose the most appropriate business entity for a business organization, based on a wide variety of factors; Differentiate between liabilities, rights, tax implications, etc., of partnerships, LLCs, corporations, and other business entities; Determine whether an organization is eligible for S Corporation status and describe the ramifications of an S Corporation election; and Discuss the process of taking a company public and the additional regulations that public companies are subject to.
This course introduces students to the wide array of business forms, discusses how to create specific business entities, and explains the benefits and pitfalls of each type of business organization. This course also discusses the types of business entities, the state and federal laws that impact business formation, and the factors an entrepreneur should consider prior to forming a business such as: liability, ownership, costs, taxation, and transferability of ownership interests. It also covers factors relevant to various forms of business organizations.
In the lower division baccalaureate/associate degree category, 3 semester hours in Introduction to Business, or Business Management (6/21).