– distinguish between sole traders, partnerships and companies
– explain the meaning and effect of limited liability
– analyse the different types of companies, especially public and private companies
– illustrate the effect of separate personality
– recognise instances where separate personality will be ignored
– explain the role and duties of company promoters
– describe the procedure for registering companies, both public and private
– describe the statutory books, records and returns that companies must keep or make
– describe the contents of model articles of association
– analyse the effect of a company’s constitutional documents
– explain how articles of association can be changed


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