Types of Business Organization and Legal Consequences for IOM Solutions

BUSINESS LAW

TABLE OF CONTENTS
INTRODUCTION................................................................................................................................
MAIN BODY.......................................................................................................................................
Types of business organization for reorganization of IOM solutions along with their legal
consequences...............................................................................................................................3
Recommendations for IOM solutions for the most suitable legal option....................................6
CONCLUSION....................................................................................................................................
REFERENCES.....................................................................................................................................
Books and Journals......................................................................................................................8

INTRODUCTION
Law can be defined as a set of rules which is being created & is enforceable by
governmental or social institutions in an attempt to regulate the behavior of individual, group or
business entity. Also, business law can also be referred to as a corporate or commercial law
which is defined as a body of law applicable to the relations, rights and conduct of businesses or
persons involved in merchandising, commerce, sales & trade. In this report, the legal business
structure available in UK along with the consequences of each option will be discussed and
accordingly, the most suitable structure will be recommended for the reorganization of IOM
solutions. The focus of this place is considered to be the pressure that influences the Sam while it
is able to present the number of opportunities. In addition to this, the sources of law, business
transactions, company’s nature and management, concept of business liability negligence, the
employer’s vicarious liability & individual employment rights will be discussed.
MAIN BODY
Types of business organization for reorganization of IOM solutions along with their legal
consequences
The operations of IOM solution have been of a sole trade for a long period. Due to which
the business almost never had to pay any pay so much attention towards the basic legal
requirements. Trading for electric parts to local garages run the business for the eight years. In
the last two years has been able to find that the business has grown a lot since it began as it has
been able to fulfill the demands of the employees. The place has been numbered to a pressure on
Sam while it needs to present a number of opportunities (Pinkovetskaia and Balynin, 2018).
This is the reason why IOM solution require a legal structure to follow for the operations in order
to make sure that the presentation of the number of opportunities can be achieved through the
expansion of the business. Hence the most appropriate form of business ownership has been
considered to be the analyzed by studying the different types of options available for the
business. However, for the need for expansion this company has decided to expand its operations
which has been the key factor towards the ways in which the operations of the business can be
considered. Hence, following are the different business structure available for this business,
General partnership: