Understanding Business Law and its Impact on Business Organizations

Business law

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Sources of UK Law.....................................................................................................................3
Role of UK Government in forming any of new law..................................................................4
Impact of different law on business organisation........................................................................5
Nature, Types and Formation of different types of Business Organisations...............................6
Differentiating Unincorporated and Incorporated (referring management and funding)............7
Advantages and Disadvantages of a company over partnership.................................................7
Case law 1:...................................................................................................................................8
Case law 2:.................................................................................................................................10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
The concept of business law is necessary to be understood whenever any of the person wants
to setup the business organisation. It is because number of formalities are needed to be fulfilled.
The main purpose of preparing this report is to understand that how business can be setup in UK
where what types of law does prepare will be discussed. Sometimes business have to suffer from
issues and disputes and for that various cases will be discussed below which will help to clear
out the things in detail. How Alternative Dispute Resolution can help any of the business entity
has been also explained below. In short, various sections will be covered which are important
while dealing in commercial sector.
MAIN BODY
Parliamentary sovereignty
The parliament and monarch were formed in the early 17th century. Its sovereignty refers
to the supremacy of the legislation. It basically, consists of many powers which have been
changing over the years. The United Kingdom is divided historical and geographically by the
previous ruling political countries into England, Scotland and Northern Ireland. In the shortest
explanation it has full authority of creating laws and statues, the court does not contain whole
independence, no parliaments are connected, no law made by parliament can be questioned. The
Royal Queen provides a speech at the opening of parliament in October- November that is called
the “Speech from the throne”. It guides an outline for the new programmes of government for the
year. It is basically a tradition to show culture and history of the country (Cox, 2015).
Sources of UK Law
The main elements that connects the whole law system are divided in 4 sections:
Legislation: It is the powerhouse of the country that provides its citizens a clean, safe,
developed and healthy environment. There are two divisions to legislature that is primary which
sets the guideline and provide outlines for the law and secondary provides the procedure of law
making and transforms it into an Act of parliament.
Common law: It is the formation of laws by the courts judgements this practice is
followed by many countries judiciary system. In some certain cases the judgements provided by
the judge is so power full and effective that the government seeks to make it a law. It is also the
source of united kingdoms 'unwritten constitution'.
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