Business Law: Legal Business Structure of UK Companies

Business law

Table of Contents
.........................................................................................................................................................1
Introduction .....................................................................................................................................3
MAIN BODY...................................................................................................................................3
Businesses & Organisations in the UK........................................................................................3
The legal business structure of UK companies............................................................................4
REFERENCES................................................................................................................................8

Introduction
Business law mainly involve in the maintaining rules and regulation of organization.
Make a law for welfare of business and solve the crises or disputes which was arisen in the firm
and promoting business in marketplace with right direction. This report will base on business and
organization apply in the UK and also explain the legal structure for start-up on new business
which includes some business types such as sole trader, general partnership, limited partnership,
limited liability they all have their features for start-up of business and then this report
recommend a potential business to Sam for growth and survivorship in the marketplace.
MAIN BODY
Businesses & Organisations in the UK
Nature of company means that company deals with business for organizational growth
and achieving higher goal (Akbulaev, Aliyev and Ahmadov 2019.). Business management
basically deals with focusing on management and organizing resource in appropriate manner that
also includes human capital. The companies act, 2006 regulates by UK government for various
roles and responsibility of boarding member which give an account on annual report of business
in terms of shareholder, revenue rate etc. Equality Act, 2010 mainly deals with the legal
protection of people which get discriminated by other people or society at work place. This act
is useful for employee for their growth. The business transaction involve in the exchange of
capital, goods and services with other business entity. There are basically two types of business
transaction, cash and credit. Vicarious Liability is a situation in which a party is partially
responsible for any unlawful action carried out by third party. Negligence is a protection law for
taking care of someone when a person meet with unreasonable risk. Business liability is make a
proper policy for employ if any unwanted injury would take place. Business grow in a particular
direction leads a positive effect on the profile of company positioning.
Director act as a parent of company which basically responsible for managing and
controlling of each affair. in case of breach of any general duties and on insolvency of that
company director is liable. In situation where directors allow trading of the company when it is
insolvent or near to insolvency directors are held liable. A process in which partners dissolve
their shares, accounts, liability by comes to at end of termination of partners and settling down
all the assets basically a process of discontinuation of relational between company and partner is
termination of partnership. Memorandum of association is a legal documentation which signed