SQE1 Prep FLK1 Study Guides · Volume 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
- EPUB · PDF
£9.99one-time · lifetime access · no DRM
Up-to-date as at September 2026
Instant download after checkout. EPUB and PDF, re-downloadable from your library any time.
- Or get all 13 books for £49.99, less than six bought separately.
- Prefer print? Paperback and Kindle editions on Amazon (opens in a new tab)
Inside the book
All 16 chapters of Business Law and Practice
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.
- 01Free sample
Business Structures
Types of business organisations: sole trader, partnership, LLP, and companies
35 worked questions · 35 flashcards
- 02
Partnerships
General partnerships, limited partnerships, LLPs, partner duties and liability
30 worked questions · 25 flashcards
- 03
Company Formation & Constitution
Incorporating a company, articles of association, and the company constitution
35 worked questions · 34 flashcards
- 04
Directors (Appointment, Removal & Disqualification)
Appointing and removing directors, directors service contracts, disqualification, and statutory registers
30 worked questions · 25 flashcards
- 05
Directors' Duties
Statutory duties under CA 2006, fiduciary obligations, and consequences of breach
35 worked questions · 32 flashcards
- 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
- 07
Share Capital & Shareholders
Issuing shares, share classes, dividends, and shareholder rights
35 worked questions · 32 flashcards
- 08
Minority Shareholder Protection
Unfair prejudice petitions, derivative claims, just and equitable winding up, and shareholder remedies
35 worked questions · 25 flashcards
- 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
Company Accounts and Audit
Annual accounts, audit requirements, filing obligations, and directors responsibilities for financial reporting
35 worked questions · 25 flashcards
- 11
Company Administration and Compliance
Registered office, company name, statutory registers, confirmation statement, and administrative requirements
30 worked questions · 25 flashcards
- 12
Business Financing
Sources of business finance, debt vs equity, bank lending, crowdfunding, and government support schemes
31 worked questions · 33 flashcards
- 13
Charges and Security
Fixed and floating charges, registration requirements, priority of charges, and enforcement
35 worked questions · 25 flashcards
- 14
Business Taxation
Income tax, corporation tax, capital gains tax, VAT, inheritance tax, and taxation of business stakeholders
30 worked questions · 30 flashcards
- 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
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.
The first page of a chapter: study time, difficulty and what you will be able to explain by the end. 
Statute extracts, examiner tips and warnings are set out in boxes inside the notes. 
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, EPUB and PDF.
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
- EPUB (Kindle via Send to Kindle, Apple Books, Kobo) and print-ready PDF included
Revising more than one subject?
All 13 guides for £49.99
Every FLK1 and FLK2 subject in EPUB and PDF, less than six books bought separately. Included free with the platform’s lifetime plan.
- This book
- £9.99
- All 13 books
- £49.99
Up-to-date as at September 2026
See the bundleThe other FLK1 guides
Complete the FLK1 set
FLK1 examines 6 subjects in one 180-question paper. Each guide covers one of them.
Before you buy
Free Business Law and Practice resources
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 1,180 pages.
All 16, in the order the syllabus builds: from Business Structures to Personal Bankruptcy and Alternatives. Chapter 1 is the free sample, so you can judge the writing before you buy.
Both, in one purchase: EPUB for Kindle (via Send to Kindle), Apple Books, Kobo and Pocketbook, and a print-quality PDF. Both downloads appear in your library straight after checkout and you can re-download them any time. Learn more →
£9.99 as a one-time purchase with lifetime access and no subscription. All 13 FLK1 and FLK2 guides together are £49.99, less than six books bought separately.
The text is the same. The Kindle edition is sold through Amazon; the paperback drops the flashcard appendix and, in the longest subjects, some of the worked questions. The ebook here is the complete edition with every question and flashcard, in EPUB and PDF.
It is drawn from the same Business Law and Practice notes and question bank as sqe1prep.co.uk, arranged for reading end to end. The book works offline, on paper or on a Kindle. The platform adds timed FLK1 mock exams, spaced-repetition scheduling and progress tracking across all 13 subjects, and its lifetime plan includes every book. Learn more →
FLK1 examines 6 subjects in a single 180-question paper, so most candidates cover all of them. Each guide is one subject, so buy the ones you need at £9.99 or take all 13 for £49.99. Learn more →
Yes. It states the law in force at publication on the copyright page and follows the current SRA assessment specification for SQE1 FLK1. When the syllabus changes we re-issue, and existing buyers download the new edition from their library free.
Ready to start Business Law and Practice?
16 chapters, 547 worked questions and 479 flashcards in EPUB and PDF, for £9.99.