This report describes the key sources of laws as the legal context for business organisations in the UK. It discusses the different types of businesses and their merits and demerits. It also provides recommendations for IOM Solutions. The main regulatory act that controls the businesses of UK is Companies Act, 2006. The Insolvency Act,1986 also governs the business that become insolvent. The report further explains about the legal business structure of UK companies such as sole trader, general partnership, and limited liability partnership. The report concludes with recommendations for IOM Solutions to opt for a limited liability partnership firm.