Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.


The student shall be able to

  • understand basic legal concepts and their relevance for the individual entrepreneur, business and society
  • describe basics of contract and commercial law as well as taxation relevant for starting and running a business (a start-up/company/private trader)  
  • describe different forms of cooperation and understand their legal implications
  • identify the implications and legal requirements for different exit strategies
  • acquire independently information on basic legal aspects for running a business and understand when professional help is needed

Credits: 3

Schedule: 27.02.2023 - 16.04.2023

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Petra Hietanen-Kunwald, Kalle Airo

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English


  • valid for whole curriculum period:

    Companies are main tools in any entrepreneur’s toolkit. In this course you will start from deciding what is the potential role of a company in your life and what is your potential role in the company you start. You will learn the main legal building blocks for a company which helps you to reach your goals as an entrepreneur, be it a freelancing business, consulting company, small business or a scalable startup aiming to change the world.

    The core content of the course are basic legal concepts and issues relevant during the lifecycle of a start-up/company/private trader regarding

    • Business Entities: purpose, formation agreements.
    • Financing: debt/equity main alternatives.
    • Intellectual property rights protection: ownership and protection
    • Taxation and Social Security
    • Contracts and negotiations/liability
    • Employment law
    • Consumer protection, Marketing Liability
    • Data protection
    • Insolvency
    • Liquidation
    • Corporate Governance and ethical choices.
    • Exit

Assessment Methods and Criteria
  • valid for whole curriculum period:

    Online assignment, quizzes and exams.

  • valid for whole curriculum period:

    This is an asynchronous online course: independent studying and quizzes.


Substitutes for Courses
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

    16 Peace and Justice Strong Institutions


Further Information
  • valid for whole curriculum period:

    This course (ABL-E2611) is 3 cr. If you want to do the 6 cr course, you can find it with code ABL-E2601.

    Teaching Language : English

    Teaching Period : 2022-2023 Spring IV
    2023-2024 Spring IV

    Enrollment :

    Registration for courses: in Sisu.