Business Law and Practice

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

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

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

Issuing shares, share classes, dividends, and shareholder rights

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

Insolvency procedures, wrongful trading, transactions at an undervalue, and distribution on winding up

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

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

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

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

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

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

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

Insolvency tests, liquidation procedures, administration, company voluntary arrangements, wrongful and fraudulent trading, and antecedent transactions

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

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

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