Newsletter 1

Monday 9 September 2023

Dear Subscriber,

Question: Hanna and Mohamed are in the process of forming a new business venture. They have decided to form a limited company and are deciding on the company’s name. Which of the following statements about the company’s name is true?

1. The company name can include a prohibited word such as “royal” or “bank” without obtaining the necessary consent.
2. The company name can be identical to an existing company’s name without obtaining the necessary consent.
3. The company name cannot include a sensitive word such as “international” or “group” without obtaining the necessary consent.
4. The company name must include the words “limited” or “ltd” at the end of the name.
5. The company name cannot include a geographic location such as “London” or “Wales” without obtaining the necessary consent.

Top Tip: SQE MCQs are designed to allow the candidate to demonstrate their ability to effectively work as solicitors. For this reason, emphasis is on the factual scenario and the application of the law. This is why many MCQs you find in textbooks are quite different. Academic MCQs are designed to focus on substance, not practical skills. Keep this in mind when attempting questions.

Relevant Reading: Watch the video linked here for a presentation of the requirements for company formation. For relevant sections in a text, see ReviseSQE Business Law and Practice, Chapter 3. You can obtain this text by following* this link.

Answer and Feedback: These will be provided in next week’s newsletter.

Once again, thank you for subscribing and let me know how you are getting on with your preparation through our Facebook Group. Feel free to forward this page to anyone you think will benefit.

You will hear from us again next week.

All the best

Dr Ioannis Glinavos

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