Business Law and Practice

A clear guide to business law, covering sole traders, partnerships,LLPs, and private companies. It explains legal duties, company management,finance, insolvency, contracts, and tax-ideal for students beginning theirbusiness law journey.

Business Law and Practice is part of CILEX's exciting new Explorerseries. It begins by introducing students to the different types of businessstructures, before explaining the law covering starting and running a businessas a sole trader. It then focusses on partnerships, explaining the legalrequirements for starting, running and dissolving a partnership. Therequirements for starting a limited liability partnership are alsodescribed. Next, the book examines the legal requirements relating to private limitedcompanies. The topics covered include starting and running a private limitedcompany as well as the duties of company officers. The responsibilities andcontrols over directors are examined, in relation to service contracts andother transactions, as well as the mechanisms for removing directors. After discussing financing the company and shareholder issues, the bookexamines the consequences of company administration, insolvency and personalbankruptcy. Finally, contracts for goods and services are examined, together with keybusiness taxes.