BMP4002 Business Law - Report on Key Sources of Laws for Business Organizations in the UK

BSc (Hons) Business Management
BMP4002 Business Law
Assessment 2
Report describing the key sources of
laws as the legal context for business
organisations in the UK
Submitted by:
Name:
ID:
Contents
1

Table of Contents
Introduction .............................................................................................................................3
Businesses & Organizations in the UK......................................................................................3
The legal business structure of UK companies.........................................................................5
Sole Trader...........................................................................................................................6
Partnership.......................................................................................................................... 7
General Partnership.............................................................................................................8
Limited Liability....................................................................................................................8
Recommendations for IOM Solutions..................................................................................8
Conclusion................................................................................................................................ 9
REFERENCES........................................................................................................................... 10
2

Introduction
Business laws are the laws that has been used in order to help in making
establishment of business organization. These laws has made development done
through legal structure created within an organization. The law has made legal
structure formed helping in regulating business activities in more effective manner.
These laws also deals over various aspects which makes business organization for
various perspectives covered in more efficient way(Courcelles, 2019). These laws
has helped in operating business as per legal standards of an organization. Also law
deals over different aspects making goals and objectives achieved. It makes
operations of business organizations conducted with effectiveness helping in making
goals and objectives achieved in more effective manner. The laws deals over
various aspects that has been shared by business organization. Through business
law different business organizations operate as per legal standards. These laws
covers wider scope which makes business organization perform all functions in more
effective manner. These law develops wider scope making business performance
improved in more effective manner. Nature holds dynamism within its working as
business law has tendency to impact business organization with its functioning. The
report deals with different business organizations in United Kingdom. Also legal
structure of business organization has been explained like sole trader and
partnership. In the end IOM solutions has been explained through its expansion.
Businesses & Organizations in the UK
These organizations deals over those aspects based over operations that is
based upon various functions related over commercial and corporate activities which
makes business conducted as per legislation and laws assigned for it. These
organizations leads over developing capability within business over making
performance improved in relation to business activities(Dickinson, 2017). Through
business organizations within United Kingdom perform various functions within
business organization. In this business organization trade related activities develop
proper legal structure created in making business organization develop its efficiency.
These organizations has been using three main laws which are contract, company
and employment. The laws makes business organization improved within its legal
3