Different Types of Business Organisation for IOM Solution

Business Law

Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................2
Explanation of different types of business organisation available to IOM solution for
reorganising.................................................................................................................................2
Legal consequences of each business entity................................................................................3
Recommendation for IOM electronics for selecting appropriate business..................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business law is related to those area of the law of land which is developed by the
government for the management of the business in legal manner. All the rules and regulations
related to the business and commerce are mentioned in this part of the law. All the business
organisation of the country has to follow these rules and regulation if they want to protect the
organisation from the penalties and punishment of the law. All types of business contracts,
dealing, tax issues and many more are dealt with the business law of the land. Business law not
only deal with the rule followed by the existing business but also provide different legal structure
to introduce new business. This report is based on the company named IOM solution which are
working on the field of electronic solutions. It is one of the growing business which is running
under legal stricture of Sole ownership which is controlled by the owner named named Sam.
From the past two years Sam has to face many difficulties in relation to legal structure of the
business. This report provides brief discussion related to different forms of the business which
are present with the owner of IOM electrical.
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