Key Sources of Laws for Business Organizations in the UK

BSc (Hons) Business Management
BMP4002 Business Law
Assessment 2
Report describing the key sources of
laws as the legal context for business
organizations in the UK
Submitted by:
Name:
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Contents
Table of Contents
Introduction .............................................................................................................................3
Businesses & Organizations in the UK......................................................................................3
The legal business structure of UK companies.........................................................................5
Recommendations for IOM Solutions.......................................................................................7
Conclusion................................................................................................................................ 8
Introduction
The government of United Kingdom follows the legal system which is prescribed as English
law. The people of England and Wales follows and abides by the legal principles of law.
There are specific laws which are especially made for regulation of business in organizations
that are Contract law, Company law, Employment law, Business law, etc. The administration
and control of business is regulated through the practices of business which operates its
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activities in consideration of legal system of justice in organizations. The companies or
organizations does its operational functioning in the context of legal objectives and criteria to
have a valid contract or business for actual functioning of business in the market (Baillie,
2019). The businesses are conducted through various structures in which the legal business
structure of UK companies Sole Trader, Partnership and Limited liability. This report will
cover the recommendations made for IOM solutions in order to expand its sole trader
business into potential business with sources of law in business organizations, formation and
organization of business in UK and legal business structure of UK companies.
Businesses & Organizations in the UK
An artificial legal person or entity that is registered under the Companies Act, 2013 is known
as company. A different and valid recognition is given to companies that are registered and
are operated through separate identity. A natural person thus creates the company which is
presumed to be an artificial person by the maker who makes it. Under the Company Act 2013,
a company is considered to be a legal entity that operates the functioning of businesses in
various organizations. The most important practice in any business is the management of a
company which operates and controls the key representatives for smooth functioning of the
organization (Brown, Liñares-Zegarra and Wilson, 2018). The directors, shareholders and
promoters are the part of management that manages the entire functioning of the company.
The appointment of executives and execution of necessary policies is conducted through the
department of management which performs the activities of business for smooth functioning
of its operations. There are different departments in a company that collaboratively helps in
running the business and those departments are management department, marketing
department, finance department who collectively help in running a company.
There are various obligations, rights and duties imposed on employers and employees through
companies that are registered which are known as registered companies. According to the
Employment law of UK, the employees are protected and safeguarded under the
implementation of this law and the employees are protected from any kind of discrimination
and misconduct towards them. The formation of a company is depicted through the making of
various provisions with the aid of doctrines for operational functioning of the company under
the Company law. A separate legal entity that has separate identity is referred as company
under the company law. A person can sue a company in case of any illegal activity and a
company can also sue a person or other company, if any illegal activity is recognized by the
company. The systematic business operations of company are regulated through the
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