Business Law: Types of Organizations, Advantages and Disadvantages, Legal Recommendations

This presentation provides an overview of business law, including different types of business organizations, their advantages and disadvantages, and legal recommendations. It covers topics such as sole proprietorship, partnership, joint venture, and limited liability company. The presentation also discusses how funds can be arranged, the advantages and disadvantages of unincorporated and incorporated businesses, and the process of forming incorporated and unincorporated associations. Additionally, it explores legal solutions for resolving disputes, such as negotiation, mediation, and conciliation, and highlights different sources for legal advice. Overall, this presentation offers valuable insights into the field of business law.

BUSINESS LAW

Table of content
• Introduction
• Types of business organization
• Advantages and disadvantages
• Legal recommendation
• Conclusion
• References

INTRODUCTION
• This presentation is based over business law which are the laws that has
been making an organization develop itself. Under such laws business
organization is bound to follow rules which have been made. In this
presentation different kinds of business organization is covered with ADR
within it.

Different types of business organizations are legally formed
• Sole proprietorship: In these business organization only small business
entity is been started and is been handled by one owner. This person is
known as sole proprietor and holds no liability over such type of
organization.
• Partnership: Under it various kinds of business makes two parties from
agreement between each other and common motive is to earn profit. In this
liability is been earned by partners which is limited according to investment
don by partners. Under the partnership liability exists within partners over
agreement. All the partners are responsible for business.

Different types of business organizations are
legally formed
• Joint Venture: In this different kinds of business or more than two
organization combines together which makes business formation
possible in more impactful manner which makes liability distributed
accordingly.
• Limited liability company: This makes business entity attains various
kinds of rebates over payment of tax. Under limited liability owner
and partners work together over forming an hybrid environment which
makes corporation and partnership firm formed together.

Funds can be arranged in following ways which
are as follows
• Through issuing of various its shares within
• By selling bonds and debentures or with the help of loans from
bank
• In this best suitable method over raising fund is through crowd
funding
• Also funds can be arranged through private financial
organizations

Advantages and disadvantages of unincorporated
and incorporated business
• Advantages:
• Organization is been formed through right of perpetual succession.
• In this main advantage is been based over its easiness in way to sue within
various kinds of business.

Disadvantage
• :
• These organization is not easy to be disclosed once an
organization is been incorporated.
• In order to form it time and money is required.
•

Continuation
• Advantages:
• This is not mandatory over filling of annual accounts.
• Different kinds of business make lower cost developed in relation over
cost compliance.
• Disadvantage:
• In this no legal contract is been formed within the company and does not
have any time.
•

Incorporated Association formation process:
• Name and address is required to be decided and attested in proper manner.
• Nominated shareholders and mangers is required to be attested.
• Memorandum of Association is required over making nomination done for
business management.
• Must take approval for each stakeholder and designed the Article of
Association.
• Responsibility of person that all the documents is submitted in proper manner.

Unincorporated Association process:
• Objective is required to be set
• Contract or agreement is to be formed within which two or
more partners is there.
• Under association liability is not limited it is essential ovre
amount of shares.

Recommend legal solutions for resolving a range
of disputes
• Negotiation: It is one of the most commonly used methods
over solving of issues which is based over making parties to
reach to common point of discussion. In this managing is done
upon matters which have been manually making adjustments
done over making changes done in possible manner. Under it
third party is been hired which makes both parties come to an
common point of interest which makes issue solved without
going to court.

Continuation
• Mediation: This method is been used by third party which
makes impartial work to be assist over disputes if occurred
between parties. Under it mediator is hired which makes
enhancement within solving of issue done with more
effectiveness.

Continuation
• Conciliation: This method is used for settling of matters outside court and
is flexible in nature. In this third party is been appointed for making
parties agree to common solution. In this method one of the most
important thing is to making parties come to common point.

Different sources for legal advice
• Legal solution is the remedy which are applicable for the
resolution of disputes or conflicts. These can range from
negotiation to arbitration. It is basically out of court settlement
which helps in finding a solution that will resolve every
conflicts. It is useful for immediate conclusion so that future
dealings can be made effectively.

Conclusion
• From the above discussion it can be concluded that business
laws are the laws that has been formed in order to make rules
and regulation formed over making business organization
work in smooth and affective manner. In this different kinds of
organization is been explained with advantages and
disadvantages.

Refrences
• Apriliyanti, I.D. and Kristiansen, S.O., 2019. The logics of political business
in state-owned enterprises: The case of Indonesia. International Journal of
Emerging Markets.
• Backer, L.C., 2019. Unpacking accountability in business and human rights:
The multinational enterprise, the State, and the international community.
In Accountability, International Business Operations, and the Law (pp. 60-
85). Routledge.
• Borgogno, O. and Colangelo, G., 2020. Data, Innovation and Competition in
Finance: The Case of the Access to Account Rule. European Business Law
Review, 31(4).
• Francis, A.G., Mónico, L., Pais, L. and Santos, N.R.D., 2018. Business ethics:
a study of Portuguese social representation of business ethics.
International Journal of Business Governance and Ethics, 13(1), pp.85-106.