"Business Law and Practice" provides a detailed guide to the forms of business organisation most commonly encountered in practice, examining their internal concerns, their relationships with outsiders and a broad overview of their possible tax liabilities. As such, the book provides a comprehensive and practical introduction to advising businesses, whatever their structure.This edition has been revised to take account of the main changes to be brought in by the Companies Act 2006, including the new duties imposed on directors. Both the existing law and the new provisions are covered, in separate sections but with the changes emphasised. The DTI's implementation timetable is included, as is a table indicating the destinations of the commonly used sections of the 1985 Act. The Income Tax Act 2007 is also covered. Recent case law developments have been added including Nagi v Nagi [2006] Lawtel AC0111971, Strahan v Wilcock [2006] EWCA Civ 13, Vintage Hallmark PLC [2006] EWHC 2761, Neville v Krikorian [2006] BCC 937, Young v Zahid [2006] EWCA Civ 613, Broadhurst v Broadhurst [2006] EWHC 2727, and Sangster v Biddulphs [2005] EWHC 658 (Ch).

Table of Contents

Starting a BusinessIntroduction to common forms of Business OrganisationIntroduction to the CompanyRunning a Business as a Company Limited by SharesWhy, and How to, Form a CompanyThe Company's ConstitutionMembers and MeetingsDirectorsThe Company SecretaryThe AuditorElectronic Communications by CompaniesFinancing a Company: SharesFinancing a Company: DebtSecurity for Loans: Debentures and ChargesRunning a Business as a PartnershipThe Start of a PartnershipThe Partnership AgreementPartners' ResponsibilitiesLiability for Firm's DebtsDissolutionLimited Liability PartnershipsInsolvencyCorporate InsolvencyPersonal InsolvencyTaxationCalculation of Trading Profits of a BusinessTaxation of Companies: Corporation TaxTaxation of Companies: Special Provisions relating to CompaniesTaxation of Sole TradersTaxation of PartnershipsTaxation of Employees and DirectorsTaxation of Savings and Investment IncomeBusiness Reliefs from CGT and IHT Available to IndividualsChoosing the Form of Business OrganisationGeneral Considerations: LiabilityTax Considerations in Choice of MediumConversion and the Immediate ImplicationsSome Aspects of TradingSale of GoodsEmployment and Other Regulatory ConcernsIntroductions to Agency and Distribution AgreementsChoosing a Marketing AgreementCompetition LawAppendices

Author Biography

Dr Trevor Adams and Christopher Morris are both Senior Lecturers at The College of Law. Alexis Longshaw is an Associate Professor. All were formerly in practice in major London law firms.