The nature of a company and difference between a company, partnership and limited liability partnership. The promotion and incorporation of a company. Constitution and the company - Memorandum of association and Articles of association. The company and its contracts. Capital of a company. Capital maintenance. Company flotations. The nature of shares, payment, issue and transfer. Membership of a company. Minority protection. Directors and Secretary. Meetings and resolutions. Debentures. Accounts and audit. Alternatives to liquidation of a company. Liquidation of a company.