Business Structures & Legal Personality Sole traders, partnerships, LLPs and companies compared — and when limited liability gives way. 6 sections · 14 questions Incorporation & Share Capital Registering a company, the post-ECCTA registers, share classes, allotment, pre-emption and transfers. 5 sections · 18 questions Partnerships & LLPs When a partnership exists, the Partnership Act default rules, authority, liability, duties, dissolution — and LLPs. 6 sections · 22 questions
Directors — Appointment, Duties & Removal Directors' powers under the Model Articles, the seven statutory duties, relief from liability, and removal. 5 sections · 20 questions Board & Shareholder Decision-Making Board meetings, general meetings, notice, resolutions, written resolutions — and transactions needing member approval. 5 sections · 22 questions Shareholder Rights & Minority Protection What members can do, shareholders' agreements, derivative claims, unfair prejudice and just-and-equitable winding up. 5 sections · 14 questions
Debt, Equity, Buybacks & Distributions Types of borrowing and security, registering charges and priority, redemption and buybacks, and paying out profits. 6 sections · 17 questions Accounts & Financial Analysis What companies must file and when, size exemptions, accounting records, and the key ratios. 4 sections · 12 questions
Corporate Insolvency Tests for insolvency, rescue procedures, receivership, liquidation, clawback claims and the order of payment. 6 sections · 21 questions Personal Insolvency Individual insolvency tests, bankruptcy, debt relief orders and IVAs — relevant to sole traders and partners. 4 sections · 12 questions
Income Tax Who pays, deductible expenses, reliefs including trading-loss reliefs, and calculating the tax. 5 sections · 14 questions Capital Gains Tax Chargeable disposals, calculating a gain, exemptions, BADR, investors' relief, rollover and incorporation relief. 3 sections · 13 questions Corporation Tax, Distributions & Anti-Avoidance Taxable total profits, reliefs and allowances, rates and payment, taxing distributions, and the GAAR. 5 sections · 12 questions VAT & Business Property Relief VAT scope, rates, registration, tax points and returns — and IHT business property relief. 4 sections · 10 questions
Money Laundering POCA offences and defences, failure to disclose, tipping off, SARs and consent, and customer due diligence. 5 sections · 15 questions Financial Services Regulation The FSMA general prohibition, specified investments and activities, exclusions, and the s327 professional-firms exemption. 5 sections · 11 questions