Law for Business Managers

Law for Business Managers

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY ..................................................................................................................................3
PART 1............................................................................................................................................3
Explain about the role with legal provisions ...........................................................................3
PART 2 ...........................................................................................................................................6
Advise Gemma on the process of dismissal and as to whether she is lawfully able to do this...6
Advise given to solve dispute to Gamma....................................................................................9
CONCLUSION .............................................................................................................................10
REFRENCES ................................................................................................................................12

INTRODUCTION
Business law are the set of rules that is based upon making an organization set up itself
according to the guidelines given within the laws of an country. Such laws makes development
of strong structure by helping an organization achieve growth and success in an organization.
These laws consists of those amendments which leads over making an business organization
achieve both goals and objectives in proper way. They holds responsibility towards making
management of an organization manage its strategies according to law in specified manner.
Scope of business law is wider in a way that it covers all aspects that is related to business and
makes strategies to be developed accordingly. Nature is dynamic as it makes an organization
formation possible according to legal standards of law. This file is divided into three parts
wherein first part explains about sole director and second part explains about employment
contract. Third part dispute resolution is explained. All three parts consists of scenario that has to
be answered as per the identified topics.
MAIN BODY
PART 1
Case scenario: Gemma has made a new company name Machine Limited which makes supply
upon protective equipment to small business in country of Bedfordshire. She is sole director of
the company but does not have enough knowledge about her role. She does not know about
legislative privations regarding it.
Explain about the role with legal provisions
In business law different kinds of business organization exists and plays important role
according to there nature that is been possessed by them. Such organization has different
functions to be performed as per there main characteristics. These organizations is covered under
business law. So the organizations has been explained as follows:
Sole Proprietorship: These are those kind of business organization that is most
commonly used within market (Aquilio, 2017). In this kind of ownership an person is an sole
owner of business meaning that the owner of the business is an individual and holds
responsibility of whole business. Also profit and loss is bear by individual only. In this business
existence is dependent upon single owner and decision taken by him. They have both advantages
and disadvantages they are explained as follows:

Advantages of sole proprietorship are
 Profit earned is been kept by the owner himself.
Complexity is also not there in forming process of business.
Flexibility is there in running the business Documentation is required till the time issuing of license is included within particular business.
Disadvantages Of sole proprietor
All liability is there of debts and other problems in business has to be taken care by owner only.
Shares are limited only to one person that is the owner himself.
Transferring of ownership is not easy in such businesses.
Distinction is not there within personal income and business income which makes lack of funds
to be created at times.
Partnership: These are that kind of business organization which is formed by two or
more then two persons with common motive to earn profit. In these problems in relation to
business is been handled by partners with responsibility over debts and profits generated form
business (Begkos, Llewellyn and Walshe, 2020). There are two types of partnership existing
under this organization that is general and limited partnership. According to general partnership
no formal agreement is required for partnership formed within parties. In limited partnership is
that various partnership is involved within formal agreement formed within partners of an
organization is required to be presented. This makes liability of partners to be limited as per
investment made by partners. In this advantages and disadvantages is been given as follows:
Advantages of partnerships
Resource generated is high as capital required is more.
 Profit is been shared by partners within an organization.
Process of forming the business is very simple.Expense is also less for forming such firm.
Disadvantages of partnership
Each partners hold responsibility upon all debts and loss occurred during business.
 Selling in business is very complex and permissions of partner is required for.
If death of partner happens then whole firm collapse.
Corporation: Such business organization is private and gives direction that is been hired
in order to make organization work in smooth and appropriate manner. All kinds of functions