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You have been Approached by a Friend who has asked You for Advice in Relation to his/her Business Venture: Business Law Assignment, DBS,

University Dublin Business School (DBS)
Subject Business Law

Assignment Introduction

The purpose of this assignment is to test the learner’s knowledge and application of the different business models available to persons setting up a business in the Irish jurisdiction.

In particular, the learner will be required to demonstrate a clear understanding of the legal rules applicable to and the advantages/disadvantages of LTD companies in Ireland and to advise on the importance of the role played by directors. The learner will be required to complete a written assignment (in the form of a briefing document).

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Assignment Task

You are required to write a paper on the following:

You have been approached by a friend who has asked you for advice in relation to his/her business venture. Your friend has no previous experience of company law and is setting up a private company limited by shares (LTD).

He/she will be a director of this new company and is unaware of the legal rules applicable to LTD companies and his/her responsibilities as a director.

You have been asked to prepare a written briefing document advising your friend on the legal rules applicable to a company.

In your briefing document, you should outline the legal rules applicable to LTD companies and his/her responsibilities as a director, making reference to the relevant legislation and/or case law, where appropriate.

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