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  • Aston University, Birmingham (Aston)
  • Aston University, Birmingham
  • Law (M100)
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Class notes

LEGAL SYSTEMS and SKILLS *FULL NOTES*

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21 pages
2020/2021 Written for academic year
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Aston University, Birmingham (Aston)
Course
Law (M100)
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Lecture notes of 21 pages for the course Law at Aston (TP2)

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LSS TP2 Notes
Company Law

, Lecture 1: The “Birth”
Section Information - Reading
• Dignam and Lowry Company Law 2020 (e-book via the Library)


What is business about?
• Making money
• Providing employment
• Producing goods/services that people need/want
• Minimising the inherent risk of running a business
• Reducing disagreement by providing a clear organisational structure

What business forms are available




Sole Trader
• One-person business
• No formalities involved
No legal filing requirements or fees 
• Personal savings or a bank loan can be used as capital
• No legal separation between traders personal and business capacity, therefore:
- All profits and losses belong to sole trader  
- Sole trader bears personal liability for all debts
- Self-employed (but can employ others)
- Business ends on death

NO SEPARATE LEGAL ENTITY

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Aston University, Birmingham
Uploaded on
April 2, 2021
Number of pages
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2020/2021
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