Be able to select an appropriate legal entity

The following topic forms part of the Specialist Unit English Legal System.

Meaning and examples: sole traders; partnerships; limited liability partnerships; companies

Advantages and disadvantages: of types of legal business entity

Legal requirements: for the formation of sole traders, partnerships, and companies

Provisions: relating to the running/management of businesses eg rights/duties of partners, directors and creditors; dissolution of business entities

 

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