Course Overview

Starting a business or investing in the business of others can be a significant step for many people. There are several different types of business entities available for an entrepreneur from the simplistic, sole trader to the highly sophisticated partnership agreements used for multinational joint ventures.

When selecting a business type for the client, lawyers and accountants alike, need to balance the advantages and disadvantages of each one. Clients should do a cost/benefit analysis taking into account risks, duties and obligations arising from the different types of entities, identify assets available for creditors and evaluate options for protecting personal assets if the business runs into financial difficulties.

Another critical element to consider is the taxation of the business entity. Individual tax rates tend to be quite high (45% for income over £150,000), whereas corporate tax rates are low in comparison (a flat rate of 19%). Inevitably, this will be another factor, influencing the choice of business structure.

Finally, the ability to keep business affairs private and out of the public domain is an important consideration for the client. The protection of details concerning business turnover, losses or investments may be a high priority for some clients, whilst allowing the exit of business partners without putting the remaining partners at risk, is of utmost importance for others.

Syllabus

• Sole Traders>> learn how to set up as, the requirements and risks of trading as a sole trader
• Partnerships >> examine how traditional partnerships operate, the duties and obligations of partners
• Limited Liability Partnerships (LLP) >> study the characteristics of this new hybrid form of partnership and the advantages for partners
• Joint Ventures >> delve into joint ventures and understand the role of professionals in helping clients successfully set up a joint venture.
• Case Study Workshop
• Writing Corner

Each module contains a study of essential vocabulary and legal elements, exercises, writing, drafting, case studies and role plays. Modules can be taken separately depending on their interest or professional needs. If participants complete all modules, they will be awarded the Certificate of Completion which they can use to enhance their CV.

 

Total hours for the course = 6 hours

Dates for Group 1 course: TBA

 

Trainer & Author of Legal English (Pearson 2021): Sofia Parastatidou

Sofia is qualified in the UK and has been admitted as a solicitor since 1991. She is a former member of the New York State Bar Association and is now based in Italy where she trains lawyers, accountants and notaries and teaches law, masters courses and various post – graduate courses. Sofia is the PRESIDENT OF ILETA and author of Legal English (Pearson) and trains lawyers who wish to re-qualify through the Solicitors’ Qualifying Examination to become solicitors in England and Wales.

Cost:

Group: Special Introductory Offer: €150 each participant (minimum: 2; maximum 30 people)

Individual: One to One Private Lessons are quoted individually

Participants will be given a final test to verify their understanding and a certificate of completion which can be added to their CV.

For further details or to express an interest in this course send an email to : info@britishlawacademy.com

NB: as far as possible groups will be formed based English levels and professional experience.