Business Law Report on Legal Business Structure of UK Companies

1. BMP4002
BUSINESS LAW -
REPORT

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Business and the organisation in the UK.....................................................................................3
The legal business structure of UK companies............................................................................4
Sole Trader.........................................................................................................................4
General Partnership...........................................................................................................4
Partnership.........................................................................................................................5
Limited Liability................................................................................................................6
Recommendations for IOM Solutions.........................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................1

INTRODUCTION
Business law refers to the cooperative law which consist of certain rules and regulation
formed for the business enterprises. This legal system include aspects of the business which
involves formation process of a company, unions and acquisitions, stockholders right as well as
property matters for example rental office or warehouse planetary (Clarkson and Miller, 2020) .
The present report will examine the business law of the organisation IOM solution. The report
will highlight the the legal business structure of UK companies. Furthermore, the report will
recommendation to the IOM solution company to expend the business in the marketplace in
order to generate the profitability as well as productivity.
MAIN BODY
Business and the organisation in the UK
IOM solution is the business organisation which is operated by the Sam as a sole trader. The
organisation provide electric part to local garage with the motive of acquiring profit from the
marketplace. the only owner of the organisation managing the organisation since many years.
Now the individual person determine that the gross profit of organization in the marketplace is
increasing day by day so the organisation have opportunity to expend in different market
segment to acquire the profit and enhance the productivity of the company (Corwin and Ciampi,
2020) . The organisation follow the employment law in order to provide proper facility as well
as safety to the employees of the organisation. In context to provide proper satisfaction to the
potential consumer the company also follow the consumer law which is designed for the
protection of the buyers. The organisation always take care of its customers in appropriate
manner for that the company serve the best electric quality product to the consumer. By the
analysation of the profit of the company the owner of the organisation aim to expend the market
and enhance the value of the brand among the people. Due to the issue of vicarious liability in
which the employees are not using the machinery in appropriate style which create
mismanagement in the organisation because for that the sole trader Sam is being responsible.
The company completed all the documentary work and follow all the legal system lies for the
company. Moreover, the company prepared the document at the time of registration process with
all the essential details of the institution. The organisation drafted the memorandum of
association very carefully for the welfare of the organisation. This documentation is obligatory
for the administration as it involve the scopes and operation of the organisation (Formosa,2018) .