The Structure of Business - Legal Statutes, Sources of Finance, Sectors and HR Policies

THE STRUCTURE OF BUSINESS

Table of Contents
INTRODUCTION.....................................................................................................................................2
QUESTION 1.............................................................................................................................................2
A- Constructing a table to show varied legal statutes of ventures that a company may adopt.................2
B- Determining and evaluate strengths and weaknesses of three sources of finance accessible to
business start-up......................................................................................................................................4
QUESTION 2.............................................................................................................................................7
Determining three sectors within UK economy in which a venture can operate, differences between
each of them and their value to UK economy..........................................................................................7
QUESTION 3.............................................................................................................................................9
Identifying Hr policies in modern workforce along with their importance..............................................9
CONCLUSION........................................................................................................................................11
REFERENCES........................................................................................................................................12

INTRODUCTION
Business structure is defined as form of legal format of a company that is considered in a
given jurisdiction. It refers to category of organizations that is legally characterized by legal
definition of that specific type. The current assignment will be based on specific start up business
and that is a fashion store named Alle collection. As it is a startup venture, the owner of this
company may effort to open outlet in the United Kingdom. The study will explain various legal
statuses of businesses that chosen firm may adopt and strengths as well as weaknesses of three
funding sources that available to select venture. It will justify three sectors in UK economy in
which a business can operate, differences between each industry and comment based on their
important to economy. Lastly, the report will clarify two human resource policies and comment
upon their value to the modern workplace.
QUESTION 1
A- Constructing a table to show varied legal statutes of ventures that a company may adopt
In the world of business, there are several forms of legal statuses of businesses accessible
that has been adopted by many companies. Each status may construct in form of table that
mention below;
Basis PLC LTD Registered charity
Definition Public limited company
is the most common
type of legal structure
that a company may
use to run and manage
its business activities in
legal manner but
separately (Jung,
2020). It may designate
a firm such as Alle
collection that offered
shares of stock to
It may abbreviation for
limited organization.
Ltd is a kind of
corporation that restrict
personal liability of key
organizational
stakeholders (Borisova
Borisov and
Karagussov, 2021). This
legal structure is link to
firms that operating
under home nation such
This form of legal
structure of
businesses drive the
attention of adopter
towards fulfilling,
one or more
charitable aims and
achieving it through
determining basic
need of local people
who may need
support from other

common public. Buyers
of those profits may
have limited liability. It
can be said that public
limited companies may
usually start life as
private limited firms
but later go public for
purpose of gaining
benefits.
as Alle that owner
attempt to open in the
UK. With this format,
individual may add
more than two members
as stakeholders that may
control or buy a part of
their venture.
that are able to do so.
Registered charity
may do not included
in category of
organizations, as they
effort to enhance
living standard of
local people without
aiming to earn profit.
PLC, registered charity and LTD are the most commonly utilized legal structures that
organizations used to run and manage their ventured growth. Alle collection may also adopt one
of them according to needs and by considering business factors. Each form of legal status may
encompass some strengths and weak points that are;
Legal statuses of businesses Strengths Weaknesses
PLC Key strength of public limited
company a type of legal
structure is that it allows
organization to raise capital
through public issue of shares
(Haraldson and et.al., 2021).
It may obtain government
provided opportunities related
to business progress within
specific sector and chose the
best finance source that
accessible in corporate world.
It may grab the attention of
potential stakeholders.
On the other hand, it may
encompass wide regulatory
terms and conditions as well
as agreement that put
negative impact on user in
term of consuming time and
efforts as well. With public
limited company format, a
company may require to
conduct practice related to
transparency between
stakeholders such as
customers and venture.