Business law and practice
A comprehensive, interactive study guide for the SQE1 business law and practice course
Assessment objectives
What is business law and practice about?
Key definitions
Key legislation
Overview of different business structures
→ Business structures MIND MAP
Sole traders
Companies and limited liability
→ Companies MIND MAP
Partnerships
→ Partnerships MIND MAP
Joint ventures
Which business structure is best?
PRACTISE MCQs: Business structures
Overview of how to set up different businesses
→ Setting up business structures MIND MAP
Incorporating a company and choosing its name
→ Incorporation MIND MAP
Converting a shelf company
→ Converting a shelf company MINDMAP
Company constitutional documents
Setting up partnerships and LLPs
→ Partnerships and LLPs MIND MAP
PRACTICE MCQs: Setting up businesses
Overview of company decision making
Introduction to corporate governance
Director decision-making
→ Director decision-making MIND MAP
Shareholder decision-making
→ Shareholder decision-making MIND MAP
Decisions that require director and shareholder approval
→ Company decision-making MIND MAP
→ Board and general meeting process MINDMAP
Company records, statutory filings and disclosure
PRACTICE MCQs: Corporate governance and decision-making
Overview of directors' powers and duties
Types of directors and other officers
Directors’ powers and duties
Substantial property transactions and long-term service contracts
→ Substantial property transactions MIND MAP
→ Long-term service contracts MIND MAP
Loans, quasi-loans and credit transactions
The balance of power between shareholders and directors
PRACTICE MCQs: Directors
Overview of shareholders and share capital
The role of shareholders
Share capital and share classes
Shareholder rights and minority shareholders
Unfair prejudice and derivative claims
Acquiring and transferring shares
→ Procedure for allotting shares MIND MAP
→ Procedure for approving new allotments MIND MAP
→ Procedure for transferring shares MIND MAP
Other share-related rights and procedures
Financial assistance
PRACTICE MCQs: Shareholders
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15 on-demand academic and skills courses, consolidating the core functioning legal knowledge required by the SRA into easily-digestible, bite-sized chunks
Thousands of MCQs, each with detailed explanations of why the answers are correct or incorrect.
Hundreds of animated videos to explain the more complex concepts in simple, engaging ways
Sophisticated mind maps and impactful tables to bring topics to life, and make them easier to remember
Three tiers of mock exams, including topic-specific, course-specific, and SQE-wide MCQ assessments
Insider insights into how concepts work in practice, concise definitions, and hundreds of worked examples, all colour-coded to support memorisation