Business and Corporate Law (Paper 1.3)

What you'll learn

• Legal Foundations: The basics of the legal system, including contracts, torts (e.g., negligence), and property law.
• Business Structures: The key differences between sole proprietorships, partnerships, limited liability companies (LLCs), and corporations—focusing on liability, taxation, and control.
• Corporate Law & Governance: The life cycle of a corporation, including:
• Formation: How a corporation is created and the legal documents required (e.g., Articles of Incorporation, Bylaws).
• Management: The roles, duties, and potential liabilities of directors, officers, and shareholders.
• Fiduciary Duties: The legal obligations of directors and officers to act in the best interest of the company and its shareholders (Duty of Care and Duty of Loyalty).
• Securities Regulation: A basic introduction to laws governing the issuance and trading of stocks and bonds (e.g., the role of the SEC).
• Mergers & Acquisitions (M&A): The fundamental legal processes behind buying, selling, and combining companies.