Key Sources of Laws for Business Organizations in the UK

Business Management
BMP4002 Business Law
Assessment 2
Report describing the key sources of
laws as the legal context for business
organisations in the UK

Table of Contents
INTRODUCTION ..........................................................................................................................3
Business and Organizations in UK..................................................................................................3
The legal business structure of UK companies................................................................................5
Sole trader:..................................................................................................................................5
General partnership:....................................................................................................................5
Limited Liability Partnership:.....................................................................................................6
Limited Liability Company:........................................................................................................6
Recommendations for IOM Solutions:............................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
A business is known to be the separate legal entity that is actually positioned with the purpose of
attaining major sales revenue as well as income by creating buying as well as purchasing of the
respective products in the market share of the organization. Companies are operating in the
market in which competition is very intense in order to make them function with the suitable way
and can survive in the industry for long time. In addition to it market is the area in which all the
dealers who buys or sells the product come together in accordance to do the tray in order to
sustain in the market area for large in time as well as making sure that enhanced development of
the company is accomplished (Allen, Kraakman, and Khanna, 2021). Moreover to this, John
supporting the people in accordance to deal by exchange of product with money or anything
more valuable. Nowadays several emerging entrepreneurs focuses on start up as they look for the
potential opportunity which can increase their standard of living. Being the entrepreneur and
launching venture in accordance to capital or investment which are there with the entrepreneur
which also support them to decide on the scope, vision and size of the business as well as the
type of the company as well as its following structure which can by large organization, small
company or medium company. Furthermore law business basically assist in data mining the
several legal structure of the business which off the country United Kingdom. Additionally it
also assist in offering the data regarding the several structure of the business and their advantages
as well as drawbacks. The following report will also cover about the recommendation to the
same for the suitable kind of expansion of the business respectively.
Business and Organizations in UK
From the above report it has been concluded that it is very important in order to make it
more functional as well as work there operation in the suitable way. In addition to its business
law paying more emphasis on to its departments as well as its functions. It is commonly running
its operation with the single purpose of attaining more sales revenue in accordance to their
performance and productivity (Bassani, 2021). Respective entrepreneur is being recommended in
order to take the support of the limited liability company in order to scale their business
operation which will lead to the long term sustainability and success of the commercial business
in the market area. Moreover to this it also provides more assistance to the company as well as to
the members of the company in order to possess the professional as well as personal life with