Business Organizations and Legal Structures in the UK

Business
Organizations

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Business laws and organisations in the UK............................................................................1
The legal business structure of UK companies......................................................................2
Recommendations for IOM Solutions....................................................................................4
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
The type of structure that any business chooses to run on can be classified as a business
organisation. The company structure not only assists the organisation in achieving its
organisational goals, but also in running a successful firm in the marketplace with a strong brand
identity. There are primarily two types of businesses that might divide their concentration to
manage the business. It is either for profit or for the good of society. Sole proprietorship,
partnership, and corporation are the three primary types of company organisation structures
(Matten and Moon, 2020). However, in this report, all business formats, as well as the nature and
management of a firm, are covered. Commercial laws, on the other hand, can be characterised as
a legal structure that aids in the regulation of all business entities, and they must adhere to the
government's rules and regulations. In addition, the notion of corporate liability and negligence,
as well as an employer's vicarious liability in the organisation and the individual employment
rights that they enjoy while working, have all been examined in this study.
MAIN BODY
Business laws and organisations in the UK
Every business in the United Kingdom is governed under the Companies Act of 2006, as
well as the Insolvency Act of 1986. The United Kingdom laid the groundwork for modern
collaboration. The nature of management in any organisation and running a firm, on the other
hand, is indefinable. The company's working management varies from one firm to the next. Most
businesses, on the other hand, operate in the marketplace with the goal of maximising profits
while still meeting their organisational objectives (Remišová, Lašáková and Kirchmayer, 2019).
Any company's business transitions can be characterised as a financial transaction involving the
exchange of monetary value or certain commodities, assets, or even services between two
parties, including two firms or two persons from the firms.
In any business organisation, negligence responsibility can be described as when an
employee or other company member fails to fulfil the tasks that have been assigned to him or
fails to complete the assignment to the required standard or with the required abilities. The
company's client suffers a financial loss or physical harm as a result of this liability.
Vicarious liability refers to a situation in which one employee is partially liable for the
activities of a third party or another employee in the organisation.
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