FLK1
- Furqan Khalid |
Business Law & Practice (BLP) covers the legal, procedural and commercial framework within which businesses are formed, operated, financed and managed. It focuses heavily on practical application: advising clients, drafting documents, identifying risks, and handling transactions.
Course Information
Objectives
By the end of this course, learners will be able to:
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Identify and explain the key business structures (sole trader, partnership, LLP, company) and their legal/financial implications under UK law.
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Understand the process of company formation, including required documents, statutory registers, and Companies House obligations.
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Apply directors’ duties under the Companies Act 2006, recognising breaches, consequences, and remedies.
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Distinguish between types of share capital and debt finance, including the legal rules on allotment, transfer, charges and shareholder rights.
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Analyse how decisions are made within companies, including board resolutions, shareholder resolutions, notice requirements, voting and meeting procedure.
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Interpret and apply key principles of contract law in commercial contexts, including formation, terms, breach, remedies, and risk allocation.
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Compare and evaluate share sales vs asset sales, including structure, advantages, disadvantages, and legal consequences for buyers and sellers.
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Understand the due diligence and disclosure process in business transactions, including common risk areas and protections.
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Recognise core employment law issues relevant to business operations, including status, unfair dismissal, discrimination and TUPE in business transfers.
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Identify signs of business insolvency and understand the main insolvency procedures and director responsibilities when insolvency is likely.
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Apply core business taxation concepts (corporation tax, VAT, SDLT basics) as they impact business structure and transactions.
Topics
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Business Structures
- Incorporation & Constitutional Documents
- Company Governance & Decision-Making
- Directors
- Equity Finance
- Debt Finance
- Partnerships & LLPs
- Trading, VAT & Accounts
- Insolvency
- Business Taxation
Methodology
The BLP course uses a structured, exam-focused and practice-oriented learning approach designed specifically to prepare learners for the SQE1 assessment.
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Concept-Led Teaching
Key legal principles are introduced clearly and concisely, with emphasis on how they appear in SQE1 question formats.
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Application Through Scenarios
Learners apply rules to short commercial scenarios that mirror the analytical style of SQE1 Single Best Answer (SBA) questions.
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Step-by-Step Transactional Understanding
Complex areas such as company formation, share/asset sales, due diligence and directors’ duties are broken down into simple, sequential steps.
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Integrated Diagrams & Flowcharts
Visual aids help learners understand processes, decision-making routes, and statutory requirements—ideal for rapid retention.
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Progressive Knowledge Building
Each module builds on the previous one, ensuring a logical progression from basic business structures to advanced transactional practice.
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Micro-Assessments
Short quizzes after each topic reinforce learning and replicate SQE1 timing and pressure.
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Exam-Style Question Practice
Learners complete periodic SBA sets and end-of-course mock questions structured precisely like the SQE1 exam.
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Revision Summaries
Each module ends with a one-page summary that condenses key rules and exceptions for quick recall.
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Practical Lens
Even though SQE1 is knowledge-based, all teaching is delivered through the lens of real legal practice so learners understand the why behind the rules.
Course Material
1. Core Study Notes
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Comprehensive BLP module notes covering:
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Business structures
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Company formation
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Directors’ duties
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Share capital & debt finance
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Meetings & resolutions
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Contract law essentials
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Business transactions
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Due diligence & disclosure
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Employment law basics
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Insolvency & taxation fundamentals
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2. Learning Path Summaries
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One-page revision overviews for each topic
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Key rules, exceptions, and exam-trigger points
3. Flowcharts & Visual Guides
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Company formation process
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Directors’ duties map
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Share vs asset sale comparison
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Decision-making flow (board vs shareholder)
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Insolvency routes
4. Practical Templates (For Understanding Only)
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Sample board minutes
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Sample shareholder resolutions
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Example SPA/APA clauses
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Example disclosure letter extracts
(These are for learning — not legal drafting.)
5. Worked Examples
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Scenario-based explanations mirroring SQE1-style fact patterns
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Step-by-step breakdowns of how to apply the rule to the scenario
6. Micro-Quizzes
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Topic-level short quizzes
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Immediate feedback and explanations
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Designed to build speed for SBAs
7. Full SBA Question Sets
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End-of-module SBA packs (10–20 questions each)
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Final mock exam for Business Law & Practice
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Lecture/lesson PowerPoint slides for each topic
9. Glossary of Key Terms
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Quick-reference list of essential BLP terminology
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Ideal for fast revision
10. Additional Reading (Optional)
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Links to relevant statutory material
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Recommended chapters from leading business law textbooks
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Articles on current commercial practice trends
Resources
Learners will be supported by the following resources throughout the Business Law & Practice course:
1. Statutory Resources
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Companies Act 2006 (core source for directors’ duties, share capital, meetings, filings)
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Partnership Act 1890 & LLP Regulations 2001
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Insolvency Act 1986 & Insolvency Rules
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Employment Rights Act 1996, Equality Act 2010, TUPE Regulations
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Key contract law statutes (e.g., CRA 2015 where relevant)
(All provided through links to official UK legislation sites.)
2. Official SQE Resources
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SQE1 Assessment Specification
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SQE1 Functioning Legal Knowledge Blueprint (FLK1/FLK2)
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Sample questions released by the SRA
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SQE Assessment Policy
(Links provided internally.
3. Brilliance Law Academy Study Resources
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Full BLP Study Notes (structured to match SQE1 blueprint)
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Topic-by-topic summaries and revision sheets
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Visuals: flowcharts, diagrams, comparison tables
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Instructor PowerPoint slides
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Transaction walkthroughs (company formation, share sale, asset sale)
4. Practice Question Resources
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SBA (Single Best Answer) topic quizzes
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End-of-module practice sets (10–20 questions each)
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Cumulative BLP mock exam
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Worked solutions with step-by-step reasoning
5. Practical Learning Aids
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Sample corporate documents:
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Board minutes
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Shareholder resolutions
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Extracts from SPAs/APAs
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Disclosure letter examples
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6. Recommended External Reading
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Mayson, French & Ryan on Company Law
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Sealy & Worthington’s Cases and Materials
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Blackstone’s Business Law for Practitioners
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ICAEW & Law Society corporate practice guides
(These are supplementary, not essential for SQE1.)
7. Digital Tools
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Integrated glossary
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Searchable topic index
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Lecture recordings (if enabled)
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Downloadable PDFs of key materials
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Progress tracker & automated revision prompts
Assessment
1. Topic-Level Quizzes
Short quizzes at the end of each topic to test immediate understanding of:
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Business structures
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Directors’ duties
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Share capital and finance
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Contracts, transactions, employment, insolvency
These include automated feedback and explanations.
2. End-of-Module SBA Sets
Each module concludes with a set of 10–20 Single Best Answer questions, structured identically to SQE1 SBA style.
These assess deeper application of knowledge across multiple topics.
3. Cumulative Progress Tests
Periodic SBA assessments combining multiple modules to assess:
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Knowledge recall
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Interpretation skills
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Ability to apply rules to commercial scenarios
4. Final BLP Mock Exam
A full-length timed multiple-choice mock covering the entire BLP syllabus.
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Real SQE timing
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Question complexity
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Pressure management
1. Master the Core Frameworks
Understand key frameworks cold:
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Directors’ duties
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Decision-making procedures
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Share vs asset sale differences
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Company formation steps
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Insolvency triggers
These appear frequently in SQE-style questions.
2. Learn Through Scenarios
SQE1 tests application, not memorisation.
Learners must practise applying rules to:
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Boardroom scenarios
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Transactional steps
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Due diligence fact patterns
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Employee dismissal or TUPE situations
3. Use Diagrams to Memorise Processes
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Company formation
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Resolutions
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Charge creation
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Completion checklists
These make memorisation much faster.
4. Recognise Common Exam Triggers
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Director conflict of interest → s175
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Allotment of shares → pre-emption rights
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Fixed vs floating charge → enforcement & priority
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Asset sale → TUPE may apply
Training the eye for these triggers improves accuracy.
5. Develop SBA Technique
Eliminating obviously wrong answers
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Spotting the specific fact that changes the outcome
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Avoiding overthinking “commercial” details
6. Repetition of High-Yield Topics
Revisit:
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Directors’ duties
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Share capital rules
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Decision-making
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Contract formation/terms
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Employment status
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Insolvency routes
These areas dominate BLP SBAs.
7. Time Management Practice
Learners must train to answer 90 questions in 2 hours 15 minutes, meaning:
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~90 seconds per question
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No long pauses
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Move on and return if unsure
Timed quizzes help build this skill.
Coaches
Furqan Khalid
