
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
Includes the January 2027 SRA update
Instant download after checkout. PDF and EPUB, re-downloadable from your library any time.
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- Or Lifetime access for £69.99: all 13 books plus the question bank, flashcards and timed mocks.
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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.
- 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.
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 bundleThe 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.
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16 chapters, 547 worked questions and 479 flashcards in PDF and EPUB, for £9.99.




