Companies Act 2006: Primary legislation governing company formation, management, operation, directors' duties and responsibilities, and shareholder rights and obligations
Partnership Act 1890: Fundamental legislation covering partnership principles, relevant for understanding basic partnership structures and relationships between business partners
Limited Liability Partnerships Act 2000: Key legislation for LLP structures, defining the framework for limited liability partnerships
Financial Services and Markets Act 2000: Regulatory framework for financial services and regulated activities, must be considered if the business involves regulated operations
Small Business, Enterprise and Employment Act 2015: Legislation containing specific provisions affecting small businesses and their operations
Corporation Tax Act 2010: Tax legislation governing corporate taxation and its implications for profit sharing and distributions
Income Tax Act 2007: Tax legislation affecting individual income taxation, relevant for profit distributions to members/shareholders
Employment Rights Act 1996: Primary legislation governing employment relationships and rights, essential if the business will have employees
Data Protection Act 2018: UK's implementation of GDPR, governing how the business must handle personal data
Contract Law Principles: Common law principles governing formation and enforcement of contracts in England and Wales
Competition Law: Legal framework preventing anti-competitive practices, must be considered if relevant to the business sector
