Course information | MEI605: Business Law and Entrepreneurship | Saylor Academy

© Saylor Academy 2010-2025 except as otherwise noted. Excluding course final exams, content authored by Saylor Academy is available under a Creative Commons Attribution 3.0 Unported license. Third-party materials are the copyright of their respective owners and shared under various licenses. See detailed licensing information. Saylor Academy®, Saylor.org®, and Harnessing Technology to Make Education Free® are trade names of the Constitution Foundation, a 501(c)(3) organization through which our educational activities are conducted.

COURSE INTRODUCTION

START HERE → Orientation

MEI605 Syllabus

Unit 1: Getting Started and Working with an Attorney

Unit 1 Learning Outcomes

1.1: Why Do I Need an Attorney?

Why Do I Need an Attorney?

1.2: Hiring and Working with an Attorney

Attorney-Client Privilege

Hiring and Working with an Attorney

Unit 1 Assessment

Unit 1 Assessment

Unit 2: Structuring Your Business

Unit 2 Learning Outcomes

2.1: Choosing the Right Business Entity

Choosing the Right Business Entity

Sole Proprietorships

Partnerships and Limited Partnerships

Corporations

Limited Liability Companies

Not-for-Profit and Non-Profit Corporations

2.2: Structuring Business Governance

Structuring Business Governance

2.3: Naming Your Business

Naming Your Business

Unit 2 Assessment

Unit 2 Assessment

Unit 3: Tax Compliance and Financial Recordkeeping

Unit 3 Learning Outcomes

3.1: Sources of Funds

Sources of Funds

Venture Capital

Strategic Alliances and Joint Ventures

Investment Securities

Convertible Debt

Warrants

3.2: Types of Investors

Types of Investors

Angel Investors

3.3: Understanding Taxes

Business Taxes

3.4: Tools of Compliance

Basic Accounting

Unit 4: Contracts and Leases

Unit 4 Learning Outcomes

4.1: The Sources of Contract Law

The Sources of Contract Law

Forming Contracts

4.2: Types of Contracts

Types of Contracts

4.3: Elements of an Enforceable Contract

Elements of an Enforceable Contract

Offer and Acceptance

Capacity and Legal Purpose

Consideration

4.4: Contracts for the Sale of Property and Leases

Contracts for the Sale of Property and Leases

4.5: Enforceability and the Statute of Frauds

Enforceability and the Statute of Frauds

4.6: Remedies for Breach of Contract

Remedies for Breach of Contract

Specific Performance

Unit 5: Regulation of the Sale of Goods

Unit 5 Learning Outcomes

5.1: Consumer Protection

Commercial Transactions: The Uniform Commercial Code

Consumer Protection

5.2: Consumer Warranties

Consumer Warranties

Express Warranties

Implied Warranty of Merchantability

Implied Warranty of Fitness for a Particular Purpose

5.3: International Sales of Goods

International Sales of Goods

Unit 6: Operational LIabilities and Risk Management

Unit 6 Learning Outcomes

6.1: Risks and Potential Liability

Introduction to Tort Law

Basic Tort Law

6.2: Potential Liability Involving Employees