Business Law

BUSINESS LAW

Table of Contents
INTRODUCTION...........................................................................................................................4
TASK 1............................................................................................................................................4
Covered in Booklet.....................................................................................................................4
TASK 2............................................................................................................................................4
Business organisation formation, management and funding......................................................4
Advantages and Disadvantages of various organisations...........................................................5
Difference among Standards, legislation and regulation and its impact over business..............6
Explanation of company, contract and employment law with its impact over the organisation.6
TASK 3............................................................................................................................................7
CONCLUSION................................................................................................................................9
REFRENCES..................................................................................................................................9

INTRODUCTION
Business laws are those legal aspects which deals with the formalities that is required to
be followed by all organisation in order to establish themselves legally within the boundaries of
rules prescribed under business law. The law is also named as commercial laws and covers
various other particular regulation like company, contract and anti trust laws. Scope to be
covered is basics of law, lawmaking by legislatives, law applied in various courts and evaluation
of law in relations to current scenario. Types of organisations, ways of funding and there
management, with advantages and disadvantages. After this company, employment and contract
law are explained as per there effect upon an organisation. Further ADR system in context to
different aspects is going to be covered.
TASK 1
Covered in Booklet
TASK 2
Business organisation formation, management and funding
There are various types of organisation which are to be covered under this heading. These
organisations comes under two heading incorporated and unincorporated. There are certain steps
which are required to be followed for the formation of an organisation (Peterson. and et. al.,
2016). All of the above are explained below.
Unincorporated Organisations: These are those types of organisations in which the legal
formalities are less rigid to be followed. Business which falls under this category does not have
to follow lengthy procedure for its establishment or registration. Some of these are explained
below and they are:
Sole Proprietorship: They are that type of business which is run by a single person or an
individual. This does not mean that he cannot higher another person to work with him. The
process of registration requires the name of the person doing the business and HMRC number is
also required by it (Boldt, Kassis. and Smith, 2017). The management of this organisation is
done through managing the persons working for the individual. Funding of these organisation is
done through the resources available to an individual like investment done by family member
and money borrowed from friend.