This class was created by Brainscape user SMH Legal. Visit their profile to learn more about the creator.
By:
SMH Legal
- decks
- flashcards
- learners
Decks in this class (30)
Types of business structures and Sole trader (Business and organisational characteristics)-FS
What are the two main classes of ...,
What type of business structure i...,
What are the financial implicatio...
8
cards
Partnerships (Business and organisational characteristics)-FS
What statutory definition governs...,
What is the minimum number of peo...,
Is a partnership a separate legal...
8
cards
Limited Partnerships (Business and organisational characteristics)- FS
What is the key difference betwee...,
What statutory provision defines ...,
What is the rule on management ro...
8
cards
Limited Companies (Business and organisational characteristics)-FS
What is the key liability advanta...,
What is meant by the principle of...,
Who is responsible for making day...
8
cards
Limited Liability Partnerships (LLPs) (Business and organisational characteristics)-FS
What is a key structural feature ...,
What legal protection do members ...,
What is the minimum number of mem...
8
cards
Public limited companies (Plc) (Business and organisational characteristics)-FS
Under which statute is the legal ...,
What is the naming requirement fo...,
What is the minimum allotted shar...
8
cards
Legal personality and limited liability (Business organisations, rules and procedures)-FS
What is meant by the principle of...,
Which case established the princi...,
What legal protection does separa...
8
cards
Incorporation checklist (Procedure to incorporate)- FS
What is the legal process called ...,
What document must be submitted t...,
What must the name of a private l...
8
cards
Trading name (Procedure to incorporate)- FS
What is a trading name in the con...,
Is a company legally required to ...,
What legal risk arises if a compa...
8
cards
Registered office (Procedure to incorporate)-FS
What is a company s registered of...,
What statutory provision requires...,
What types of communications may ...
8
cards
Directors (Procedure to incorporate)- FS
What is the minimum number of dir...,
What is meant by a natural person...,
At what minimum age can an indivi...
8
cards
Service address (Procedure to incorporate)- FS
What must be provided for each di...,
What is a director s service addr...,
Can a director s service address ...
8
cards
Company Secretary (Procedure to incorporate)- FS
Is it mandatory for a private lim...,
Can a private limited company cho...,
Who is responsible for the compan...
8
cards
Shareholders (Procedure to incorporate)- FS
What is meant by a company s capi...,
What is a share and what does it ...,
Who are subscribing shareholders ...
16
cards
People with significant control (Procedure to incorporate)- FS
What is the purpose of identifyin...,
What is the threshold shareholdin...,
Can a company be considered a per...
8
cards
Memo Assoc/Constitution/Statement of capital (Documentation)- FS
What are the three key documents ...,
What is the purpose of form in01 ...,
What is the function of the memor...
8
cards
Articles of Association (Documentation)- FS
What are the articles of associat...,
Are members of a company required...,
What happens if a company does no...
8
cards
Amending Articles of Association (Documentation)- FS
Are companies allowed to amend th...,
What is the original purpose of m...,
How can companies override restri...
8
cards
Certificate of Incorporation- FS
What role does companies house pl...,
What document is issued by compan...,
What does section 15 of the compa...
8
cards
Directors decisions (Operating Decisions)- FS
What is the primary purpose of th...,
What government body must a newly...,
What kind of resolution is typica...
16
cards
Changing from a private company to a public company (Operating Decisions)- FS
Under what statutory provision ca...,
What resolution is required for a...,
What are the statutory conditions...
10
cards
Shelf companies (Operating Decisions)- FS
What is a shelf company in the co...,
Why might a solicitor s firm use ...,
What are the minimum officer requ...
9
cards
Conclusion other steps required under companies and partnerships legislation to enable the entity to commence operating)- FS
What documents must be submitted ...,
What key elements make up a compa...,
What is the function of the artic...
10
cards
Legal requirements (LLP)- FS
What is the minimum number of mem...,
What is the liability status of m...,
What are the key requirements to ...
20
cards
Conclusion (LLP)- FS
What form must be completed to in...,
What document is issued by compan...,
What term is used to refer to the...
10
cards
Partnerships- FS
How is a partnership legally defi...,
What is one key feature that dist...,
Can a partnership be formed unint...
21
cards
Allotment of shares & debt and equity - Finance)- FS
What are the two main methods a c...,
Why do companies need to raise fi...,
What is meant by the term capital...
20
cards
Authority to allot (Allotment of shares)- FS
What are pre emption rights in th...,
What is the statutory basis for p...,
Why do pre emption rights exist 3
22
cards
Legal v Beneficial owner & TRANSFER Procedure(Transfer - Funding options: debt and equity - Finance)- FS
What document evidences a person ...,
What does the term beneficial own...,
What procedural safeguard is prov...
36
cards
Impact on number of shares (Buyback - Funding options: debt and equity - Finance)- FS
What is a share buyback in the co...,
What happens to shares after they...,
What is the effect of a share buy...
23
cards
More about
Business law
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study SMH Legal's Business law flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Business Law
- 35 decks
- 811 flashcards
- 303 learners
Decks:
Litigation, Constitution Law, Torts, And more!
Canon Law
- 34 decks
- 1558 flashcards
- 130 learners
Decks:
Latin Words And Phrases In Canon Law, Big Canons Of Book 2 Part 1, Offices, And more!
