Nature, formation, and management of Business Organisations

Business Law
Title:
Nature, formation,
and management
of Business
Organisations

Table of Content
Introduction..............................................................................................................3
Business and Organisation in UK..........................................................................................3
The legal business structure of UK companies.........................................................4
Sole trader.........................................................................................................................4
General partnership.........................................................................................5
Limited Liability Partnership..........................................................................5
Limited Liability Company.............................................................................5
Recommendation for IOM solution...........................................................................6
Conclusion.................................................................................................................6
References..................................................................................................................7

Introduction:
A business is a start-up by an individual or group of people having similar motive and area
of interest. It becomes a source of income for the owners of the company and even the employees in
it, by providing services, selling raw materials and may be even by producing goods in the market.
The creator of the business desires to be known and have number of clients for the business in the
society and have competitions which will boost the employees in the company to work even more
harder for achieving the targeted goals. A business can engage in different types of activities such as
commercial, industrial or professional. (Liu,.,2020)A business is registered as a small, mid scale and
large scale business. The business law helps in understanding the working and the operation
process of any new business. In this report it is stated the different organisation and businesses in
the United Kingdom along with the legal structure for the business. And will provide
recommendation to Sam for IOM solution.
Business and Organisations in United Kingdom:
A business works and operates according to the Companies Act,2006 which provides all the
rules and regulations regarding the operation of the business and even makes the owner of the
business aware about the guidelines to be followed while operating in the business. The regulations
mentioned in the act helps in running of the services without any faults and misunderstanding
within the operation of the services provided in the business. A business cannot operate without the
employees,they play the most important role in the operation of the business. Therefore the code
and conduct shall be according to the act for the employees and this will not cause any trouble for
the employees and while as the employer.(Dowd,2022. )There shall be a healthy and comfortable
working environment in the organisation so that the working of the culture of the company is
suitable for the members providing their services to the organisation. The company should operate
as per the rules and regulations mentioned in the act as to not get in any kind of legal obligations
and come in the notice of the government authorities regarding their working conditions as per the
act. The business has to registered themselves under the act to have a personal identity for their
business and get an identity for which they will be independently liable for any legal liabilities.
Before starting a business lot of agreements are signed by the owners of the business to make the
business legal and be known in the market and people get aware about the business. There are
concepts that are perpetual existence, separate or distinct properties, a common stamp or seal in the
name of the business and will get authorized to fill a case on any other business in the market which
are causing trouble for them while operating in the market. The business after getting registered