Law for Business Managers: Types of Business Organizations and Invitation to Treat under Contract Law

LAW FOR BUSINESS
MANAGER

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
PART 1............................................................................................................................................3
Explain about various kinds of business organizations with there advantages and
disadvantages..............................................................................................................................3
PART 2............................................................................................................................................6
At what point does a display in a shop window become an offer to sell rather than an
invitation to treat?.......................................................................................................................6
PART 3............................................................................................................................................9
Explain what remedies are available to shareholders against the directors of a company..........9
CONCLUSION .............................................................................................................................10
REFERENCES..............................................................................................................................12

INTRODUCTION
Law for business manager means those laws that has been helping in developing various
aspects related to management which makes sustainability achieved in more effective manner.
These laws helps in developing sustainability within various management process existing within
an business organization. Such laws helps in developing framework that is necessary upon
making business organization manage its various processes helping in making sustainability
attained within business organization. Scope of these laws are wider as they directly affects
working of an organization in more effective way. Nature of these laws are dynamic since they
makes management done smoothly within an organization. The file contains three parts within
which first part explains about various kinds of business organization with there advantages and
disadvantages. Then in second part negligence is been discussed with various important cases
providing justification in more effective way. Third part which deals over remedies available to
shareholders against the directors of a company.
MAIN BODY
PART 1
Case scenario: The case covers about willingness of three friends to open Abdul, Anna
and Maria which is been decided upon setting business of promote concerts and events. Its seeks
over advice which is best suitable business organization that helps in making business
established in effective manner. Further it covers about various kinds of business organizations
with there advantages and disadvantages.
Explain about various kinds of business organizations with there advantages and disadvantages
Business organizations are those organization that helps in performing various functions
that is related over conducting business. There are different kinds of business organization that
has been discussed with advantages and disadvantages as follows:
Sole proprietorship: These are those business organization which is been commonly
used over forming or setting of new business organization(Ariza-Montes and et. al., 2017). Such
organizations operates with the help of single owner and all aspects of business organization is
handled by them. The owners of such organizations are known as sole proprietor. These business
organization are very easy to be formed which makes business conducted in more effective
manner. Further process of registration includes INHRC number to be generated and name of

such organization is only used for commencing business. Management of such organization
handle by the owner and all aspects related to its operating is handled by sole proprietor itself.
Further advantages and disadvantages has been discussed as follows:
Advantages
 Profit generated from these organization is been kept by the owner himself. Also revenue
attained is collected by owner.
 Formation process is easy which makes it most popular business organization to be
formed.
Disadvantage
 Biggest disadvantage is that arrangement of funds is been done that makes business
struggle over
 Such organizations faces heavy loss that makes business to be collapse at times.
Partnership firm: These business organizations are those organizations within which
more than two persons comes together over earning profit from such firm. Under such business
various factors is required to be understood over forming it which are risks, costs, benefits and
responsibility. There are two kinds of partnerships that can be constructed these are general
partnership and limited liability partnership(Byrne, Fattoum and Diaz Garcia, 2019). In this
general partnership is based upon contribution done by partners towards forming an
organization. As per general partnership all kinds of aspects is been handled by the partners
themselves. Limited liability partnership includes liability of partners according to investment
done by them. The registration process includes INHRC number which makes registration done.
Partnership agreement is required only for the purpose when legal agreement is been formed.
Management of such organization is done by the partners involved within business. Funding is
done with the help of partners willing to form partnership. These business includes certain
advantages and disadvantages which has been explained as follows:
Advantages
 In these firm there is less legal obligation which is involved that makes business
operations done with more ease.
 Burden is been divided as more than two persons are involved within it which helps in
making organization run successfully.