Business Organisations in the UK: Legal Business Structures and Consequences

This report discusses the different legal business structures in the UK, including sole traders, general partnerships, limited partnerships, and limited liability partnerships. It explores the nature and management of each structure, their tax implications and liabilities, and the process of formation and dissolution. The advantages and disadvantages of each structure are also discussed. The report provides guidance for business owners and includes a case study of IOM Solution, a sole trader business.