Law for Business Managers

Law for Business Managers

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
PART 1............................................................................................................................................3
Role of sole director and its functions.........................................................................................3
PART 2............................................................................................................................................6
Advise Gemma on the process of dismissal and as to whether she is lawfully able to do this...6
PART 3 .........................................................................................................................................11
Advise given to solve dispute to Gamma..................................................................................11
CONCLUSION .............................................................................................................................12
REFRENCES ................................................................................................................................13

INTRODUCTION
Business law are those laws that helps in governing of business and commerce activities
that is to be performed by an organization. These laws also known as commercial laws and often
makes establishment of business organization possible within a country. It deals with both
private and public organizations by making them achieve goals with objectives in proper manner.
In such laws regulations regarding corporate contract, hiring practices, selling and buying of
goods is covered within it. Business laws are also known as commercial laws and covered within
civil law. Scope of these laws are vast as they deal with all aspects related to business ans its
management. Nature of business law is dynamic as it focuses upon upliftment of business with
its various processes. This file consists of three parts in which first part is based over sole
director, second part explains about employment contract and third part deal with various
solutions related to problem solving mechanism that is ADR.
MAIN BODY
PART 1
Role of sole director and its functions
Case Scenario: In this scenario Gemma has formed new organization named as Clean
Machine Limited. It deals over supplying of protective equipment to small businesses within
county of Bedfordshire.. Her role is as a sole director of company but not understand her role and
remit. Also no knowledge is posses by her which governs the role (Wang and et. al., 2016).
Role of sole director
Business laws are that kind of laws that has been making an business organization
formation possible over various aspects to be covered in business. There are various
organizations that has different nature as per which there owners acts. Such organizations has
been explained as follows:
Sole proprietorship: This is one of the most commonly formed business organization
within which there is single owner and all responsibility is hold by him only regarding the
business. Such organization there is one owner known as sole proprietor he is the one running
the business. All kinds of things has to be handled by him like funds, debts and profit. Different
advantages and disadvantages is been possessed by them and they are as follows:

Advantages of sole proprietorship are
 All the profit generated is been given only to the owner of business.
 No complex process is involved within the forming of business.
 More flexibility is included under processes of business organization. No documentation is required to make business legally established. This means
documentation does not exists within it.
Disadvantages Of sole proprietor
 All liability is been hold by business owner and problems is business is been handled by
owner that increases his burden.
 Shares is limited to owner that makes funding arrangement to be difficult by owner
himself.
 Also ownership cannot be transferred since business is not registered properly.
 Distinction is not there within personal income and business income which makes lack of
funds to be created at times.
Partnership business: These are that kinds of business in which two or more than two
persons come together to form a business firm with common motive of earning profit. In this
business all the aspects is to be handled by partners only and holds responsibility of business.
There are two types of partnership which exists that is general and limited partnership(Sun and
et. al., 2017). In general partnership the owners are not required to form and agreement while
forming such partnership organization. In limited partnership an formal agreement is to be
formed within parties that provides concreteness to there firm. Such partnership firm makes the
partner limited over liability towards firm as per there investment. Certain advantages and
disadvantage is been hold by them that has been given as follows:
Advantages of partnerships
 Resource generation is faster and better as more then one person is involved in business.
 Profit that has been generated is been shared by the partners equally or as per there
nature.
 Process of business formation is less complexed. This kind of business organizations is
very easily formed. Expense is also less for forming such firm.