This class was created by Brainscape user Karen Abdallah. Visit their profile to learn more about the creator.

Decks in this class (19)

Partnerships
What is the definition of a partn...,
How is a partnership formed,
What are factors in determining i...
47  cards
Limited Liability Partnerships
How is an llp formed,
What information is subject to co...,
What types of members are there i...
22  cards
Companies: key characteristics, public vs private, constitution, and incorporation
What is separate legal entity,
What is limited liability,
What are advantages 5 and disadva...
38  cards
Company Decision Making
How can directors call a board me...,
What type of notice must be provi...,
What is the quorum for a board me...
23  cards
Directors: appointment, removal, and duties
What are the disclosure requireme...,
What are executive vs non executi...,
How are directors appointed
41  cards
Transactions Requiring Shareholder Approval
What transactions require prior s...,
What voting threshold is needed t...,
When is approval for ltsc substan...
22  cards
Shareholder Rights and Minority Protection
What are the main rights and prot...,
What are examples of rights under...,
What is a shareholders agreement ...
26  cards
Equity Finance: shares, dividends, and allotment procedure
What is the advantage from the in...,
What is the value of the share ma...,
What rights attach to ordinary sh...
24  cards
Equity finance: financial assistance and buyback of shares
What is financial assistance,
What is the rule on providing fin...,
What is the consequence of provid...
17  cards
Deft Finance and Securities
What is a loan facility what are ...,
What is an overdraft,
What is a term loan
26  cards
Corporate Insolvency
When is a company considered inso...,
What are a company s options when...,
What must the director do if a co...
38  cards
Individual Insolvency
What formal insolvency procedures...,
What is an iva,
How can an individual set up an i...
24  cards
Voidable transactions and Claims against directors
What is the purpose behind claimi...,
Who can bring proceedings for voi...,
What are the 4 types of voidable ...
36  cards
Money Laundering
Warning signs,
What are the requirements on firm...,
How can a solicitor be at risk fo...
17  cards
FSMA
How are financial services regula...,
What is the prohibition on provid...,
What is a regulated activity
25  cards
Corporation Tax
What is the assessment of tax for...,
What must a company do re its cor...,
When must a company pay corporati...
28  cards
Income Tax
When is income tax payable and fo...,
Who is charged income tax,
What are the 2 methods that hmrc ...
15  cards
Capital Gains Tax
What is the charge of capital gai...,
When is cgt payable,
What are the steps to calculate c...
24  cards
VAT and IHT
What is vat charged on,
Who is a taxable person,
What is the vat standard rate
14  cards

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Business

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