Business Law: Types of Business Organizations in UK

Business law

Table of Contents
INTRODUCTION...........................................................................................................................1
Business and Organizations in UK..................................................................................................1
The legal business structure of UK companies................................................................................3
Sole trader:..................................................................................................................................3
General partnership:....................................................................................................................3
Limited Liability Partnership:.....................................................................................................3
Limited Liability Company:........................................................................................................4
Recommendations for IOM Solutions:............................................................................................4
References:.......................................................................................................................................6

INTRODUCTION
The business law deals with the operations of business in the market. It explains about the
provisions related to sale and purchase of the goods and services. The process of business
requires minimal of two individuals who are the seller and buyer of the goods. The business law
includes the company law, partnership law, employment law, etc. All these laws explains about
the provisions related to the specified business in the organisation(Berry, 2021). This report
would discuss about the different types of business organisations that is to be operated in the
country UK. It would explain about the tax liability of all the kinds of business. This report
would also outline about the demerits and merits of business firms. It would also recommend
Sam about the type of business organisation that he must opt for his firm.
Business and Organizations in UK
The business law operates with the different transactions in business concern. It would
also explain about the relationship between the leader and its employee. There are specified
rights of each employee which must be exercised by all the mangers in an institution. The worker
has the right to use the paid sick leaves, casual leaves, parental leaves, etc. All has to be followed
by all business institutions in country. Moreover, Employment Rights Act 1996, Equality Act
2010 discusses about the equal rights of the employer as well as the employee of an institution.
The vicarious liability means the obligation of leader towards the working of worker. This is a
type of master and servant relation between both the individuals. The chief principle of vicarious
liability is that employer is accountable for all the acts done by his subordinate in or out of the
organisation. Moreover, if any wrong act is committed by the worker then it must be faced by the
manager(Fabbrini and Zaccaroni, 2021). The negligence is an act of neglect of not fulfilling the
responsibility by an individual person. Moreover, this negligence could create a loss to the other
party. Hence, negligence is a kind of tort as per the civil law of UK. The failure under negligence
is compensatory according to the UK civil law. These compensation can be in pecuniary or in
kind. It also has several laws that defends the employee from the ill practice of employer. The
employees is also eligible to have safe working environs according to the Health and Safety Act
of UK. It is applicable to all the commercial enterprise and factories of the state. Moreover, the
business law too prohibits the child labour in the institutions. Moreover, if the age of an
individual is more than 12 years then he or she can work to maximal of 4 hours. It is also
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