COURSE OVERVIEW
If you own a business, have ever thought about starting a business, or have the opportunity to buy into a business in the future, you'll want to understand the personal implications the business structure may have for you.
In this course, you will look at how different types of business entities are structured in the U.S.? and examine the pros and cons of business structures for different individuals in different circumstances. You will also do a deep dive into corporations, which are the most common business entities, especially for large and complex businesses. You'll define the limits of the corporate structure by exploring the economic and social purposes of corporations along with what happens if individuals who own or control a corporation abuse their position of power.
Whatever your circumstances are, through this study you will be given the tools to understand who the relevant actors are in any business structure, what their rights and responsibilities are, and how you fit in.
KEY COURSE TAKEAWAYS
- Analyze why different entities have different stakeholders,
along with the pros and cons of choosing one entity over another
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Assess which stakeholders are involved in major business decisions and have
legal responsibility over decisions made by the company
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Define the limits of the corporate structure
