Overview
Business Law and Practice provides a detailed guide to the forms of business organisation most commonly encountered in practice, examining their internal concerns, their relationships with outsiders and a broad overview of their possible tax liabilities. As such, the book provides a comprehensive and practical introduction to advising businesses, whatever their structure.
This edition has been revised to take account of all the changes brought in by the Companies Act 2006 and reflects the law in force as at October 2009. An implementation timetable is included, as is a table indicating the destinations of the commonly used sections of the 1985 Act.
UPDATE to Section 5.5.9 - Business Law and Practice (August 2009)
According to new regulations that came out in July 2009 dealing with shareholder rights, due to implementation of an EU directive (The Companies (Shareholders' rights) Regulations 2009, SI 2009/1632), the right to call a general meeting now only requires 5% of the members in any circumstances, not 10% with some qualifications.
Contents
Starting a Business
Introduction to Common Forms of Business Organisation
Introduction to the Company
Running a Business as a Company Limited by Shares
Why, and How to, Form a Company
The Company’s Constitution
Members and Meetings
Directors
The Company Secretary
The Auditor
Electronic Communication by Companies
Financing a Company: Shares
Financing a Company: Debt
Security for Loans: Debentures and Charges
Running a Business in Partnership
The Start of a Partnership
The Partnership Agreement
Partners’ Responsibilities
Liability for the Firm’s Debts
Dissolution
Limited Liability Partnerships
Insolvency
Corporate Insolvency
Personal Insolvency
Taxation
Calculation of Trading Profits of a Business
Taxation of Companies: Corporation Tax
Taxation of Companies: Special Provisions Relating to Companies
Taxation of Sole Traders
Taxation of Partnerships
Taxation of Employees and Directors
Taxation of Savings and Investment Income
Business Reliefs from CGT and IHT Available to Individuals
Choosing the Form of Business Organisation
General Considerations: Liability
Tax Considerations in Choice of Medium
Conversion and the Immediate Implications
Some Aspects of Trading
Sale of Goods
Employment and Other Regulatory Concerns
Introductions to Agency and Distribution Agreements
Choosing a Marketing Agreement
Competition Law
Appendices