Module Code - Title:
LA4008
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COMPANY AND PARTNERSHIP LAW
Year Last Offered:
2025/6
Hours Per Week:
Grading Type:
N
Prerequisite Modules:
Rationale and Purpose of the Module:
To provide students with an understanding of the legal regulation of the primary forms of business organisation: the corporate entity and the partnership unit.
This module will be offered on the programme Higher Diploma in Accounting (title to be changed to Professional Diploma in Accounting)
Syllabus:
Corporate formation: types of companies, formalities, advantages and disadvantages of incorporation, corporate personality, piercing the veil, groups of companies; corporate governance; role of shareholders, directors, employees, directors' duties, AGM, accounts and audits; minority shareholder protection; protection of parties dealing with corporations: creditors, voluntary and involuntary, charges over companies; ultra vires contracts; capital integrity; minimum requirements, distributions out of profits, repayments of capital; corporate termination: liquidation, receivership, winding up, examinership, amalgamations and reconstructions. Partnerships; joint and several liability; formation of partnerships; dissolution of partnerships; limited partnerships.
Learning Outcomes:
Cognitive (Knowledge, Understanding, Application, Analysis, Evaluation, Synthesis)
On successful completion of this module, students will be able to:
Identify the process of establishing business units
Specify the relevant documentation required for incorporation or partnership formation.
Differentiate between the role of directors and shareholders.
Distinguish the types of liability arising from business trading units.
Critique the effectiveness of incorporation versus partnership models of business activity
Affective (Attitudes and Values)
Assess the key issues in the rights and obligations of shareholders.
Psychomotor (Physical Skills)
N/A
How the Module will be Taught and what will be the Learning Experiences of the Students:
Research Findings Incorporated in to the Syllabus (If Relevant):
Prime Texts:
Other Relevant Texts:
Programme(s) in which this Module is Offered:
Semester(s) Module is Offered:
Spring
Module Leader:
Angela.Liddy@ul.ie