Business Law: Formation, Management, Funding and Legal Solutions in the UK

UNIT 7 BUSINESS LAW

TABLE OF CONTENT
 INTRODUCTION
 BUSINESS IS FORMATION IN THE UK
 BUSINESS MANAGING AND FUNDING METHODS
 DIFFERENT LEGAL SOLUTIONS
 CONCLUSION
 REFERENCES

INTRODUCTION
 Business law is concerned with the body of legislation which is associated with controlling and managing
organizational practices.
 In the current era, it has become essential to comply with imposed laws so that competitiveness in the sector can
be derived.
 The current report is based on OMPEG is a voluntary organization that provide an insight into the UK legal
system.
 The current report will highlight how business is formed in UK and way of managing business, funding along
with example.
 It w ill comprise different legal solutions along with advantages and disadvantages.

BUSINESS IS FORMATION IN THE UK
 In the UK the partnership organization can be formed by applying
the relevant course of actions like choosing a name and nominate
the partner.
 Registering with HR revenue and customs for having responsible
partnership tax returns and keeping business records.
 For having limited and unlimited kinds of partnership there are few
alterations which required to be followed for having smooth
functioning.