This class was entirely based on legal issues surrounding setting up your own business. There are various types of businesses that a person can setup and various differences between them, the main ones are : Sole Trader, Partnership & Company.

It is evident from the outset that setting up some parts of your business will require the services of a solicitor. It is always good to have a friend or family member here to save yourself some money.

The lecturer gave some excellent examples of partnerships that turned out to be costly, most notably The Smiths law suit, to be honest I never envisaged legal matters to be interesting but I was pleasantly surprised.

Patents, trademarks, & copyrights were discussed in detail. It appears that patents are time consuming to acquire and unless you have a really unique novel ideal you really need to consider if it is worth pursuing a patent.

There are many other things that people would need to consider: Premises, Rental, Employing people, contracts and terms of payments with consumers and customers (yes don’t forget these are different), this leaves me with lots of reading material and forms to go through.