Teaching Responsibility
LJMU Schools involved in Delivery:
Law
Learning Methods
Lecture
Seminar
Module Offerings
7400LAWLP-SEP-MTP
Aims
• To develop a sound understanding of Business Law and Practice, in terms of primary source materials, constitutional documents and other relevant agreements
• To develop the key transferable skills of identifying and analysing relevant information and applying this to meet client needs and effect transactions in the context of Business Law and Practice that include taxation and business accounts.
Learning Outcomes
1.
Critically evaluate various approaches to the nature and structure of different business media, from a commercial, accounting and taxation perspective and be able to select an appropriate medium and structure to meet the client’s requirements
2.
Advise on the legal and/or taxation and/or business accounting implications of a particular business medium, by understanding and being able to interpret business accounts and by understanding the principal elements of business taxation and the legislative regimes that govern sole traders, partnerships and corporations
3.
Progress basic business, taxation and accounting transactions arising during the life and development of a business including being able to draft relevant documentation, prepare and file the appropriate forms, and provide advice accordingly
4.
Critically evaluate various approaches to the interests of different parties involved in a business, including partners, directors, shareholders and creditors and provide advice accordingly
5.
Comply with the detailed requirements set out in the LPC Outcomes 2011 (published by the Solicitors Regulation Authority) and/or such other document as may from time to time amend or replace those provisions
Module Content
Outline Syllabus:1. Business Planning and their legal and practical consequences
2. Partnership - Procedures and Practice
3. Company Incorporation –bespoke and off the shelf
4. Company officers and their duties
5. Company Decision Making – practice and procedures
6. Company Finance and Funding
7. Insolvency procedures and antecedent transactions
8. Business Accounts - Analysis and drafting
9. Business Taxation - Analysis and calculation
10. Income Tax, VAT, Capital Gains Tax, Inheritance Tax and Corporation Tax - Analysis and calculation
Additional Information:This is one of the core practice areas in Stage 1 which students must pass to progress and to obtain an LPC.
Examination is in two parts, Part 1 duration is 1.5 hours and Part 2 duration is 3 hours
Assessments
Centralised Exam