Formation of Business Organizations

Business Law

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
P1. Sources of law.......................................................................................................................3
P2. Role of government in law making and application of common and statutory law in
judicial courts...............................................................................................................................4
TASK 2............................................................................................................................................5
P3. Illustration of company, employment and contract law applications on business along with
examples......................................................................................................................................5
M2. Differentiate between legislation, regulations and standards to analyze potential impacts
upon business...............................................................................................................................7
LO3. Examine the formation of different types of business organizations.....................................7
P4. Explore how different types of business organizations are legally formed...........................7
P5. Explain how business organizations are managed and funded.............................................8
M3. Assess the advantages and disadvantages of the formation of different types of business
organizations................................................................................................................................9
LO4. Recommend appropriate legal solutions to resolve areas of dispute....................................10
P6. Recommend legal solutions for resolving a range of disputes using examples..................10
M4. Compare and contrast different sources of legal advice and support for dispute resolution
...................................................................................................................................................11
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Business law is the branch of the judiciary that regulates the business activities of the
business organization. It is helpful for the smooth and legal management of the company. In
addition to the key legal regulations, there are laws which are of similar significance. This refers
to growing forms of organizations that may be a corporation, collaboration among several others.
In addition, fines and penalties must therefore also be imposed in the event of infringement of
any provisions of commercial law. In other words, business law applies to the field of law that
routinely regulates business transactions. It must be understood that regulations must be
accompanied in all situations to achieve the goals. In preparation for this article to be debated, a
variety of things will also reflect on whether reform has to be introduced and what the counsel
inside the legislature will be doing. The article includes the definition of the legal framework, the
origins and function of the judiciary, accompanied by the application of the law and common law
to the courts of justice. In addition, the various regulatory structures of a company and its
managers, along with how they are financed, the effects of specific forms of regulation and
regulatory approaches to business issues have also been addressed.
MAIN BODY
P1. Sources of law
The political structure of England is based on a common unwritten constitution with legal rules
for the printed portion of it. This is split into civil and penal divisions with its own legal
structure. It was seen by various countries as a basis for the creation of the legal framework.
Many rules and laws were included in this constitution. It has grown and expanded its reach in
many respects. There are various types of resources available in the English legal system to
comprehend the use of sculptures. Any of the examples are:
Primary sources- These sources are all first-hand information in the initial, uninterrupted or
supplementary form. The following are given:
Case law- This is one of the most reliable source which contains decisions in various cases.
They come in the context of a declaration to remove any questions regarding the legal
requirements.