This course gives students a complete overview of the main legal issues and procedures associated with the business sector. The course examines the key legislation that affects different types of businesses, from larger corporations to not-for-profit organizations, as well as the legal steps involved in setting up and maintaining a business. It starts with an introduction to the various types of business organizations including sole proprietorships, partnerships and corporations. It examines the process of incorporation, the changes to the corporate structure and the roles of directors, officers and shareholders of a corporation. Finally, this course examines the rights and remedies of secured and unsecured creditors of a corporation, and the enforcement of security interests. It also covers agency relationships, the concept of a trust, the termination of a corporation’s existence and the purchase and sale of a business and how to carry out a bulk sale under the Bulk Sales Act.
Introduction to the Legal System and Real Estate Law or equivalent knowledge and experience.
Students enrolled in this course receive text and/or other related resource materials. There is one assignment and one test to evaluate student progress for this course. Participants who receive 70% or higher overall will receive a certificate.
Module 1: Legal Structures
Module 2: Business in Partnerships
Module 3: Corporation and Management
Module 4: Shares
Module 5: Elements of a Corporate Name
Module 6: Incorporation and Organization
Module 7: Post-Incorporation Considerations
Module 8: Territorial Registration and Preparing for Meetings
Module 9: Annual Matters; Financial Statements
Module 10: Corporate Changes; Changes by Special Resolution
Module 11: Other Changes and Non-for-Profit Organizations
Module 12: Incorporating and Organizing a Non-for-Profit Organization