Law for Business Manager

Law for Business Manager

INTRODUCTION...........................................................................................................................3
PART 1............................................................................................................................................3
Most appropriate business medium for the following clients:.....................................................3
A. A group of 20 architects who wish to establish a small business to attract property
developers....................................................................................................................................3
B. Three friends who have just qualified as beauticians............................................................4
C. An up and coming musician...................................................................................................5
PART 2............................................................................................................................................5
Advise Taran of his employment status at law? Consider why this is important in your answer
.....................................................................................................................................................5
PART 3............................................................................................................................................7
What criterion needs to be satisfied in order for a patent to be granted and what are the key
advantages and disadvantages of patenting an invention under the Patent Act 1977?................7
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
In present scenario, any of the business entity requires the manager who handle day to day
affairs. Equally, manager must have certain knowledge regarding law as well which will make
working condition easier and faster as well.In simple words, law for business manager can be
defined as the set of rules which a manager applies for the purpose of performing any of the task
in lawful manner. This are those set of rules must be followed by an entity for sorting out any of
the matter(Agarwal, 2018). In addition, it is necessary to understand that manager has the key
role within the entity and they must be able to perform their task wisely, but if in case manager
have unqualified knowledge regarding law then it will not be an easy task to manage daily basis
affairs.
In terms of the report, it is necessary to understand that it is completely based upon
knowledge of different field. For better understand regarding the knowledge of manager file has
been categorised in three parts where first section will tell how any of the entity is required to
setup and in which form of business they should invest their capital. But, in second section, one
of the case study will be solved which will explain the difference between employee and self-
employed. At the end, third part will discuss that an inventor has to follow the law of Patent Act
1977for having registration with its major benefits and drawbacks.
PART 1
Most appropriate business medium for the following clients:
In this scenario various types of business organization that are to be practiced through
investor in order to invest money for generation of revenue in appropriate manner. It is very
important to follow proper guidelines in any type of business which has been running. In case if
such aspect is not covered then legal action can be taken upon a firm. As per recent time various
concept has been introduced that is helping all small investors for investing of capital in an
business organization in which legal formalities is not that much.
A. A group of 20 architects who wish to establish a small business to attract property
developers.
As per the requirement of 20 architectures who wants to setup and establish small
business in order to attract new developers of property. It will be important for them to look

forward to the Private Company Limited. This is because all property related business has the
requirement of better platform in which huge amount of investment is required and also
management is required to be done in systematic manner. Main thing that is to be considered
while forming a private company is that guidelines must be read. Group is going to require name
of the company that is to be identical within itself. It is also required to prepare a memorandum
of association and also article of association. Document is required to be submitted in the
Companies House with registration fees. As architecture must go for the option of private
limited company they must have the detail knowledge regarding the business. These are the
business in which proper team is required to handle all the work in systematic manner. This is
very essential to understand all important guidelines are mentioned under Companies Act 2006
and as per this various penalty is imposed (Hansmann and Kraakman, 2017). This types of
business have different business opportunity and even investors gets benefits as well as law
provides legal existence to a company. Performing of business is at larger platform. Certain kind
of restriction is there like shares cannot be transferred to public under any kind of circumstances,
annual account is required to be maintained. Major benefits that can be gained is that investors
are having limited liability and company can sue or can be sue under its name.
B. Three friends who have just qualified as beauticians.
Whenever any of the group of 2 or more than two people but up to 20 members with less
investment, they must look for those business which can be performed easily. As per given
condition of the question investors are new and they have just completed their degree and course
of beautician. Thus, it is important for them to understand that they have to start with a small
team and less foundation for them opening of partnership is an better option. It is required to
understand that being a new investor and lack of experience about a specific field. Under this
situation, partnership is going to be helpful for them as will allow them to take several benefits.
It is also important for group to obtain an HMRC and must be able to prepare partnership deed.
Other thing to be kept in mind is that all requirements should be full filled as per Partnership Act
to that any of the problem will not be faced by the small investors. (Allen, Kraakman. and
Subramanian 2016). But, it is crucial to understand for the organization that they must have the
detail knowledge about the Partnership so that in future they will not have to face any of the
problem. The main agenda of establishing the partnership firm is to generate profit All the
activities required to be performed according to guidelines given under act related to it. This type