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Cover of Business Law and Practice, SQE1 FLK1 Study Guide
FLK1 · Vol. 1 of 6

Business Law and Practice SQE1 FLK1 Study Guide

Business structures, corporate governance, capital, and insolvency. Sixteen chapters run from business structures and company formation through directors’ duties, share capital and distributions to insolvency and shareholder remedies. Each chapter ends with worked single-best-answer questions and flashcards, in the shape FLK1 tests.

Chapters
16
Worked MCQs
547
Flashcards
479
Formats
PDF · EPUB
£9.99one-time · lifetime access · no DRM

Includes the January 2027 SRA update

Instant download after checkout. PDF and EPUB, re-downloadable from your library any time.

Inside the book

All 16 chapters of the Business Law and Practice SQE1 notes

The book follows the SRA’s FLK1 specification for Business Law and Practice chapter by chapter. Chapter 1 is free to read in the sample.

  1. 01

    Business Structures

    Types of business organisations: sole trader, partnership, LLP, and companies

    35 worked questions · 35 flashcards

    Free sample
  2. 02

    Partnerships

    General partnerships, limited partnerships, LLPs, partner duties and liability

    30 worked questions · 25 flashcards

  3. 03

    Company Formation & Constitution

    Incorporating a company, articles of association, and the company constitution

    35 worked questions · 34 flashcards

  4. 04

    Directors (Appointment, Removal & Disqualification)

    Appointing and removing directors, directors service contracts, disqualification, and statutory registers

    30 worked questions · 25 flashcards

  5. 05

    Directors' Duties

    Statutory duties under CA 2006, fiduciary obligations, and consequences of breach

    35 worked questions · 32 flashcards

  6. 06

    Company Meetings and Resolutions

    How shareholders make decisions - types of meetings, notice requirements, quorums, voting procedures, and different resolution types.

    35 worked questions · 33 flashcards

  7. 07

    Share Capital & Shareholders

    Issuing shares, share classes, dividends, and shareholder rights

    35 worked questions · 32 flashcards

  8. 08

    Minority Shareholder Protection

    Unfair prejudice petitions, derivative claims, just and equitable winding up, and shareholder remedies

    35 worked questions · 25 flashcards

  9. 09

    Capital Maintenance and Distributions

    Capital maintenance rules, dividends, reduction of share capital, and financial assistance for share purchases

    30 worked questions · 25 flashcards

  10. 10

    Company Accounts and Audit

    Annual accounts, audit requirements, filing obligations, and directors responsibilities for financial reporting

    35 worked questions · 25 flashcards

  11. 11

    Company Administration and Compliance

    Registered office, company name, statutory registers, confirmation statement, and administrative requirements

    30 worked questions · 25 flashcards

  12. 12

    Business Financing

    Sources of business finance, debt vs equity, bank lending, crowdfunding, and government support schemes

    31 worked questions · 33 flashcards

  13. 13

    Charges and Security

    Fixed and floating charges, registration requirements, priority of charges, and enforcement

    35 worked questions · 25 flashcards

  14. 14

    Business Taxation

    Income tax, corporation tax, capital gains tax, VAT, inheritance tax, and taxation of business stakeholders

    30 worked questions · 30 flashcards

  15. 15

    Corporate Insolvency

    Insolvency tests and procedures — administration, CVAs, liquidation, wrongful and fraudulent trading, antecedent transactions, distribution on winding up, and director disqualification

    56 worked questions · 45 flashcards

  16. 16

    Personal Bankruptcy and Alternatives

    Bankruptcy proceedings, Individual Voluntary Arrangements, Debt Relief Orders, and alternatives to bankruptcy

    30 worked questions · 30 flashcards

Every chapter also has a free page on this site with sample questions: SQE1 Business Law and Practice topics and free questions →

Look inside

Pages from the Business Law and Practice guide

Rendered from the free sample at print size. Chapter 1 in full and five worked questions are free to download.

  • Opening page of Chapter 1, Business Structures, in the Business Law and Practice SQE1 study guide, with the estimated study time, difficulty and the list of what the chapter covers
    The first page of a chapter: study time, difficulty and what you will be able to explain by the end.
  • A notes page from Chapter 1 of the Business Law and Practice study guide with a examiner tip box set inside the text
    Statute extracts, examiner tips and warnings are set out in boxes inside the notes.
  • A worked single-best-answer question from Chapter 1 of the Business Law and Practice study guide, with the correct answer and an explanation of each option
    Every worked question ends with the correct answer and why each of the other options fails.
Read the free sampleChapter 1 plus five worked questions, PDF and EPUB.

What you get

Everything in the Business Law and Practice guide

  • 16 chapters of notes: partnerships, LLPs, company formation, directors and decision-making, shares and shareholders, finance and capital maintenance, distributions, company secretarial work, insolvency and corporate governance
  • 547 worked SBA questions with full explanations citing the Companies Act 2006, Partnership Act 1890, Insolvency Act 1986 and the key authorities
  • 479 flashcards organised by chapter for spaced repetition
  • Glossary of statutes and cases, plus an alphabetical index for last-week lookup
  • Print-ready PDF and EPUB (Kindle via Send to Kindle, Apple Books, Kobo) included

Revising more than one subject?

All 13 guides for £49.99

Every FLK1 and FLK2 subject in PDF and EPUB, less than six books bought separately. Included free with the platform’s lifetime plan.

This book
£9.99
All 13 books
£49.99

Includes the January 2027 SRA update

See the bundle

The other FLK1 guides

Complete the FLK1 set

FLK1 examines 6 subjects in one 170-question paper from January 2027 (180 until July 2026). Each guide covers one of them.

Frequently asked

Business Law and Practice study guide: your questions

16 chapters of plain-English SQE1 FLK1 notes covering the whole Business Law and Practice specification, 547 worked single-best-answer questions with an explanation of every option, and 479 flashcards. The PDF runs to about 1,162 pages.

Ready to start Business Law and Practice?

16 chapters, 547 worked questions and 479 flashcards in PDF and EPUB, for £9.99.