Introduction to the Course

Most often, young and energetic entrepreneurs jump into the enterprise bandwagon, without due consideration to the legal aspects of starting and running a business. The nuances of legal issues are important aspects of managing the fledgling ventures’ resources and ensuring smooth functioning of their enterprises. It is very important that budding entrepreneurs are sensitive to the legal environment and know enough to comply with the regulators’ requirements. Hence, this course provides an overview of all the important legal aspects for setting up and running a business. Specifically, the course is delivered in 4 modules that deal with creating a firm as a legal entity, comply with obligations as an economic entity, managing market as well as protecting them.

Legal Aspects for Start-ups (E304) is a ‘level II’ course that aims to highlight the critical legal and business issues entrepreneurs face as they build and launch a new venture.

 

Course Objectives

1. To enable students to appreciate the role of legal mechanisms in starting and running a new venture.
2. To help students familiarize with fundamental regulatory framework for conducting business. The aim is to enable students to appreciate the role of their firms as a legal entity as well as an economic entity that must comply with legal obligations such as various taxes, licenses, cess etc. Help students understand legal obligations to safeguard their stakeholders.

3. Protect themselves through legal security measures such as patents/trademarks
4. To make students understand the legal financial implication of an organization like bankruptcy laws, takeovers and mergers process etc.
5. To introduce cost-saving legal tips for the entrepreneurs.

Prerequisites, if any, mention: To be eligible for this course, the student must have successfully completed Entrepreneurship (E201)