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 ...........................................................................................................................................5
Advise Gemma on the process of dismissal and as to whether she is lawfully able to do this...6
PART 3 ...........................................................................................................................................8
Advise given to solve dispute to Gamma....................................................................................9
CONCLUSION .............................................................................................................................10
REFRENCES.................................................................................................................................11

INTRODUCTION
Business laws are those kinds of laws that has been helping in making an organization
establish itself as per the guidelines prescribed within the law. These laws provides concrete
framework which makes organization to achieve its objectives and goals in appropriate manner.
Such laws also makes management to perform there duties and develop strategies as per the law
that has been specified for it. Scope of such laws are wider in nature that makes an organization
formation possible as per legal standards of a country. Nature is dynamic that makes it cover all
aspects in relation to a business through law. This file is divided into three parts in which first
part talks a sole proprietorship and second part talks about employment contract. Third part talks
about dispute resolution. Further in this file employment contract, sole director and Alternate
dispute resolution has to be explained.
MAIN BODY
PART 1
Case scenario: Gemma has formed a new company name Machine Limited that makes supply
over protective equipment to small businesses in the country of Bedfordshire. She is the sole
director of an company but not persist knowledge about her role. She does not know about
legislative provisions which govern the role.
Explain about the role with legal provisions
In business laws there are various kinds of business organizations that exists and has
important role to be played as per the nature possessed by them. These organizations has been
explained as follows:
Sole Proprietorship: This is considered to be one of the most commonly used business
ownership within an market. As per such kind of business ownership an person is the sole owner
of business that means an individual holds responsibility of business as whole. Further profit and
loss is also bear by individual only (Law and Mills,, 2017). In this business existence is
dependent over owner's decision and steps taken by him. There are various advantages and
disadvantages of such organization and they are explained as follows:
Advantages of sole proprietorship are
 In this profit is been earned by the owner himself.
 There is no complexity within the process of its formation.

 Flexibility is there while running the business.Documentation is also not required till the time licensing is involved over particular business.
Disadvantages Of sole proprietor
Owner holds liability upon any debts that has accrued in business.
 Shares are limited only to one person who is the owner of business
 Ownership is not easy to be transferred in this kind of business
 Distinction does not exists between personal income and business income.
Partnership: These are those kinds of business firms that is been run by two or more then two
persons and they holds common motive to earn profit. In this all the problems related to business
is been handled by the partners. Also partners holds responsibility upon debts and profit that is
been generated from business. There are two kinds of partnership which exists that is general and
limited partnership. As per general partnership no formal agreement is required for partnership to
be formed between two parties. Limited partnership is that kind of partnership within which
formal agreement is been formed between partners and certificate of partnership has to be
generated. It makes liability of partners to be limited according to investment that is been made
by the partners. There are certain advantages and disadvantages that are as follows:
Advantages of partnerships
Resource generation is high as more capital is provided (Mitchell, 2019).
Total profit is been shared by all the partners within an organization.
Flexibility and simplicity in its formation exists.Expense is also less for forming such firm.
Disadvantages of partnership
Each partner is 100% responsible for debts and losses
Selling of business is complexed as all partners permission is required for it.
It can be dissolved at the time of death of partner.
Corporation: These business organizations are of private nature and directors is been hired for
making company work in smooth and better manner. All the functions and problems has to be
handled by the directors as they are the main authority in such organizations. There are various
advantages and disadvantages they are as follows:
Advantages of a corporation