Business Law and Practice

Pages: 8

Contents:

STARTING A NEW BUSINESS

UNINCORPORTED BUSINESS

Sole Trader

Partnerships

INCORPORATED BUSINESS

Limited Companies

Limited Liability Partnerships

FINANCING A BUSINESS

EQUITY FINANCE

Issue of New Shares

Pre-Emption Rights (Equity Securities)

Transfer and Transmission of Shares

DEBT FINANCE

Borrowing Facilities

Types of Security

DISTRIBUTION OF PROFITS AND GAINS

Dividend

Share Buyback

FINANCIAL RECORDS, INFORMATION AND ACCOUNTING REQUIREMENTS

Profit and Loss Account

Balance Sheet

Director’s Financial Duties

Partnership Accounts

Company Accounts

INTERESTS, RIGHTS, OBLIGATIONS AND POWERS OF STAKEHOLDERS IN A BUSINESS

Director’s Duties

Appointment of Directors

Removal of Directors

Decision-Making by Directors

Restrictions on Directors

Shareholders (i.e: Members)

INSOLVENCY

CORPORATE INSOLVENCY

Company Voluntary Arrangement (CVA)

Administration

Liquidation

Claw-Back of Assets for Creditors

PERSONAL INSOLVENCY

Individual Voluntary Arrangement (IVA)

Bankruptcy

Order of Priority for Distribution to Creditors

Availability of Funds

MANAGEMENT OF A BUSINESS AND DECISION MAKING TO ENSURE COMPLIANCE

Procedural Requirements of a Board Meeting of Directors

Procedural Requirements of a General Meeting of Shareholders

TAXATION

Income Tax

Capital Gains Tax

Corporation Tax

VAT

ADDITIONAL INFORMATION