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Business Law 2020-2021 28th Revised edition [Mīkstie vāki]

(Director of Learning and Teaching, York Law School, University of York), (Senior Lecturer in Law, Nottingham Law School, Nottingham Trent University)
  • Formāts: Paperback / softback, 336 pages, height x width x depth: 291x205x15 mm, weight: 756 g
  • Sērija : Legal Practice Course Manuals
  • Izdošanas datums: 25-Jun-2020
  • Izdevniecība: Oxford University Press
  • ISBN-10: 0198858396
  • ISBN-13: 9780198858393
  • Mīkstie vāki
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  • Formāts: Paperback / softback, 336 pages, height x width x depth: 291x205x15 mm, weight: 756 g
  • Sērija : Legal Practice Course Manuals
  • Izdošanas datums: 25-Jun-2020
  • Izdevniecība: Oxford University Press
  • ISBN-10: 0198858396
  • ISBN-13: 9780198858393
Written by two experts in the field, Business Law provides practical, up-to-date coverage of company, partnership, taxation, and insolvency law, plus all relevant aspects of EU law. The manual provides all of the required material students need to understand the latest legal developments affecting business law transactions, with a particular focus on relevant taxation law and business accounts.

Examples are used throughout the manual to enable students to contextualize their learning effectively. Extensive and updated statutory references allow students both to cross-refer to appropriate primary sources, and to use the guide to interpret such sources. The book's depth of coverage, accessible format, and clear structure make it an ideal reference for students on the Legal Practice Course.
Preface xiii
Table of cases
xiv
Table of legislation
xvi
Table of secondary legislation
xxiii
PART I Partnerships
1(36)
1 Characteristics of partnerships
3(4)
1.1 Introduction
3(1)
1.2 Relevant law
4(1)
1.3 Definition of partnership
4(1)
1.4 Nature of partnership and terminology
4(1)
1.5 Number of partners
4(1)
1.6 Capacity
5(1)
1.7 Duration of partnership
5(1)
1.8 Partnership name and publicity of information
5(2)
2 Partnership management and finance
7(8)
2.1 Introduction
7(1)
2.2 The legal relationship between the partners (s. 24)
7(2)
2.3 The duty of good faith
9(1)
2.4 The partnership's finances
10(1)
2.5 The distinction between a partner and a lender
10(1)
2.6 Division of profits and sharing of losses between partners
11(2)
2.7 Payment of interest
13(1)
2.8 Partnership property
13(2)
3 Liability of partners to outsiders
15(5)
3.1 Introduction
15(1)
3.2 Nature of liability
15(1)
3.3 Partnership and agency
16(2)
3.4 Persons held out as partners
18(1)
3.5 Liability of new partners
18(1)
3.6 Partners' liability in tort
19(1)
3.7 Suing or being sued
19(1)
4 Partnership disputes
20(3)
4.1 Introduction
20(1)
4.2 Dissolution by the court
20(1)
4.3 Appointment of a receiver
21(1)
4.4 Arbitration
21(1)
4.5 Expulsion of a partner
22(1)
5 Termination of and retirement from a partnership
23(9)
5.1 Introduction
23(1)
5.2 Dissolution of partnership
23(9)
6 The partnership agreement
32(5)
6.1 Introduction
32(1)
6.2 Is a written partnership agreement necessary?
32(1)
6.3 The clauses of the partnership agreement
33(2)
6.4 Issues for an incoming partner
35(2)
PART II Companies
37(140)
7 Limited companies---an introduction
39(6)
7.1 Introduction
39(1)
7.2 Sources of company law
39(1)
7.3 Registration
40(1)
7.4 Types of registered company
41(1)
7.5 Separate legal personality
42(1)
7.6 `Lifting the veil of incorporation'
43(2)
8 Formation of a limited company
45(18)
8.1 Introduction
45(1)
8.2 Promoters
46(1)
8.3 Pre-incorporation contracts
46(1)
8.4 Methods of providing the client with a company
46(1)
8.5 Steps leading to incorporation
47(1)
8.6 Issues to be considered on registration
47(5)
8.7 The certificate of incorporation
52(1)
8.8 Steps necessary after incorporation
52(1)
8.9 Publication of a company's name
53(1)
8.10 Statutory registers
53(5)
8.11 Changes to a company's features
58(1)
8.12 Change of name
58(1)
8.13 Change of accounting referencedate
59(1)
8.14 Change of registered office
60(3)
Appendix: Companies House Forms And Fees
61(2)
9 Directors and secretary
63(23)
9.1 Introduction
63(1)
9.2 Division of powers within a company
63(1)
9.3 Appointment of directors
63(2)
9.4 Managing directors
65(1)
9.5 Shadow directors
65(1)
9.6 Disclosure of information on directors
65(1)
9.7 Retirement of directors
66(1)
9.8 Removal of directors from office
67(2)
9.9 Powers of directors
69(2)
9.10 Directors'duties
71(5)
9.11 Statutory controls on contracts between companies and directors
76(6)
9.12 The directors and protection of outsiders
82(3)
9.13 The company secretary
85(1)
10 Shareholders
86(13)
10.1 Introduction
86(1)
10.2 Registration of membership
87(1)
10.3 Powers and duties of shareholders
88(1)
10.4 Internal disputes---introduction
89(1)
10.5 The constitution as a contract
89(2)
10.6 Actions by shareholders
91(1)
10.7 Unfair prejudice
92(2)
10.8 Just and equitable winding up
94(1)
10.9 Use of company earnings
94(1)
10.10 Declaration and payment of dividends
95(1)
10.11 Restrictions on sources of dividends
96(3)
11 Company finance
99(27)
11.1 Introduction
99(1)
11.2 Issue of shares
100(6)
11.3 Share capital
106(7)
11.4 Financial assistance by company for purchase of shares
113(1)
11.5 Classes of shares
113(1)
11.6 Finance through borrowing
114(1)
11.7 Secured loans
115(3)
11.8 Registration of charges
118(2)
11.9 Priority of charges
120(1)
11.10 Remedies of debenture-holders
121(1)
11.11 Receivers
121(1)
11.12 Position of lenders and debenture-holders
121(1)
11.13 Steps to be taken by a lender to a company
122(4)
Appendix: Impact Of Buy-Back Of Shares On A Company's Balance Sheet
122(4)
12 Disposal of shares
126(10)
12.1 Introduction
126(1)
12.2 Transfer of shares
126(4)
12.3 Transmission by operation of law
130(1)
12.4 Buy-back and redemption by a company
130(1)
12.5 Financial assistance
130(6)
Appendix: Stock Transfer Form
134(2)
13 Company meetings and resolutions
136(10)
13.1 Types of general meeting
136(1)
13.2 Resolutions
137(1)
13.3 Calling a general meeting
138(1)
13.4 Notice of meetings
139(2)
13.5 Proceedings at meetings
141(1)
13.6 Minutes and returns
142(1)
13.7 Written resolutions
143(1)
13.8 General conclusions
144(2)
14 The articles of a private company
146(9)
14.1 Introduction
146(1)
14.2 Provisions concerning shares and membership
147(2)
14.3 Provisions concerning meetings of shareholders
149(1)
14.4 Provisions concerning directors
150(2)
14.5 Single member companies
152(1)
14.6 Alteration of articles
152(3)
15 Disclosure obligations of companies and company accounts
155(12)
15.1 Introduction
155(1)
15.2 Company searches
156(1)
15.3 The duty to prepare and submit accounts
157(2)
15.4 Small and medium-sized companies
159(1)
15.5 Profit and loss account
160(2)
15.6 Balance sheet
162(1)
15.7 Format of accounts
163(1)
15.8 Interpretation of accounts
164(1)
15.9 Solvency
165(1)
15.10 Profitability
166(1)
16 Public companies
167(10)
16.1 Introduction
167(1)
16.2 The distinguishing features of a public company
167(5)
16.3 Seeking and maintaining a listing
172(5)
PART III Taxation
177(58)
17 Income tax: sole traders and partnerships
179(9)
17.1 Basic system
179(1)
17.2 Taxable profits from a business
180(2)
17.3 The basis of assessment: the tax year
182(2)
17.4 Losses under the income tax system
184(2)
17.5 Income tax liability of partnerships
186(2)
18 The corporation tax system
188(6)
18.1 Introduction
188(1)
18.2 Calculation of profits
188(2)
18.3 Assessment
190(1)
18.4 Loss relief
191(2)
18.5 Close companies
193(1)
19 Taxation of directors' fees and employees' salaries
194(8)
19.1 Introduction
194(1)
19.2 The employer's perspective
194(1)
19.3 The employee's perspective
195(5)
19.4 The proprietors of a business
200(1)
19.5 IR35 companies
200(2)
20 Taxation of distributions and debenture interest
202(4)
20.1 Introduction
202(1)
20.2 Taxation of distributions by way of dividend
202(1)
20.3 Debenture interest
203(3)
21 Capital allowances
206(5)
21.1 Introduction
206(1)
21.2 The capital allowances system
206(5)
22 Capital gains tax and inheritance tax on business assets
211(20)
22.1 Introduction
211(1)
22.2 Capital gains tax
211(8)
22.3 CGT in the business context
219(1)
22.4 Disposals of partnership property
219(1)
22.5 Disposals of shares
220(1)
22.6 Disposals of business assets owned by those involved in the business
221(1)
22.7 The purchase by a company of its own shares
221(2)
22.8 Inheritance tax
223(8)
23 Value Added Tax
231(4)
23.1 Introduction
231(1)
23.2 Registration
231(1)
23.3 Taxable supplies and the charge to VAT
232(1)
23.4 Accounting for VAT
232(3)
PART IV Insolvency
235(38)
24 Personal bankruptcy
237(12)
24.1 Introduction
237(1)
24.2 The bankruptcy procedure
237(3)
24.3 The trustee in bankruptcy
240(1)
24.4 Effect of the bankruptcy order on the bankrupt personally
241(1)
24.5 Assets in the bankrupt's estate
242(2)
24.6 Distribution of the bankrupt's assets
244(1)
24.7 Duration of the bankruptcy and discharge of the bankrupt
245(1)
24.8 Individual voluntary arrangement
246(1)
24.9 Debt Relief Orders
247(2)
25 Company insolvency proceedings
249(20)
25.1 Introduction
249(1)
25.2 Administration orders
250(6)
25.3 Voluntary arrangements
256(2)
25.4 Receivership
258(2)
25.5 Liquidation or winding up
260(1)
25.6 Liquidators
261(2)
25.7 Collection and distribution of assets in liquidation
263(1)
25.8 Entitlement to assets
264(2)
25.9 Dissolution
266(1)
25.10 Application to partnerships
267(2)
26 Liabilities arising from insolvency
269(4)
26.1 Wrongful trading
269(1)
26.2 Transactions at an undervalue and preferences
270(1)
26.3 Transactions defrauding creditors
271(1)
26.4 Floating charges
271(2)
PART V Additional topics
273(30)
27 Choice of business medium
275(7)
27.1 Introduction
275(1)
27.2 Risk of capital
275(1)
27.3 Expense
276(1)
27.4 Management
277(1)
27.5 Publicity
278(1)
27.6 Taxation---trading profits
278(1)
27.7 Capital gains
279(1)
27.8 Inheritance tax
280(1)
27.9 National Insurance
280(1)
27.10 Raising finance
280(1)
27.11 Conclusion
281(1)
28 Limited liability partnerships
282(10)
28.1 Introduction
282(1)
28.2 Key elements of LLPs
283(6)
28.3 Factors influencing choice
289(2)
28.4 Conclusion
291(1)
Appendix: Companies House Fees: Limited Liability Partnerships
291(1)
29 Sale of a business to a company
292(6)
29.1 Introduction
292(1)
29.2 Income tax
292(1)
29.3 Capital gains tax
293(2)
29.4 VAT
295(1)
29.5 Stamp duty/stamp duty land tax
295(1)
29.6 Subsidiary matters
296(2)
30 Shareholders' agreements
298(5)
30.1 Introduction
298(1)
30.2 Advantages of a shareholders' agreement
298(1)
30.3 Drafting a shareholders' agreement
299(2)
30.4 Legal limits on the use of shareholders' agreements
301(1)
30.5 Enforcing the agreement
301(2)
Index 303
J. Scott Slorach MA (Oxon) is a Professor and Director of Learning and Teaching, York Law School, University of York.

Jason Ellis MA (Oxon), LLM is Senior Lecturer in Law at Nottingham Law School, Nottingham Trent University.