The focus is on the law that governs these types of businesses, as well as the advantages and disadvantages of setting up a business as a limited company. The module looks at how a limited liability company can be set up, the legal requirements surrounding how a company is run, and some of the fundamental differences between a private and a public company. It also looks in detail at some of the exceptions to the rules on limited liability for debt, especially where there has been activity that fits the definition of wrongful or fraudulent trading.

 

Course access: this online legal English course will be available for 40 days after purchase

 

At the end of this course in English for lawyers, you will know more about:

• a limited company as a legal entity with a legal personality separate from that of its owners 
• the general liability the owners have for the debts of a limited company and the exceptions to the rules on liability in the case of wrongful or fraudulent trading  
• companies limited by shares  and companies limited by guarantee 
• the issue of shares, the nominal price of shares, the market price of shares, and the share premium 
• giving a director’s personal guarantee 
• the articles of association and the procedure of setting up a new private limited company  
• public limited companies, the process of going public and floating a company on a stock exchange
• an initial public offering (IPO) and the role of investment banks in this process 
• company meetings, the company AGM, shareholders, dividends, voting methods, proxies, and the requirement of a quorum 
• some key legal English dictionary terms that are essential to practising commercial law at an international level

 

Great practice for ALL THREE LEVELS of the TOLES exams in legal English.