Legal Aspects and Laws Assignment

Legal Aspects

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
TASK 2............................................................................................................................................5
CONCLUSION................................................................................................................................7
REFRENCES...................................................................................................................................8

INTRODUCTION
Legal aspects are those which is given by the government of particular nation for
resolving disputes within several companies. There are various types of organisation in United
Kingdom such as Public Limited, private limited, unlimited company, limited partnership and so
on. Legal aspects is given for all these so that they can sun in easy and smooth manner. Below
mention assignment is explaining several types of business which is operating in UK. Along with
partnership and unlimited liability company with the elements as well as features (Bogomolov
and et.al., 2015). With some real life cases and their judgements all these are covered in task
first. Whereas, second involves duties for directors to act within their power according to the
section 171 and companies act 2006. In the last it also enlighten duty to promote the success of
the organisation as per the section 172 and companies act, 2006.
TASK 1
There are several types of businesses which operates in United Kingdom. Description of
all these is given below :-
 Public Limited Company (PLC) – This is the organisation whose ownership is open for
the public and they can take it through buying their shares. In PLC financial liability of
the particular person is restricted up to the fixed amount which is according to the amount
of their investment. Public Limited Company is combination of two concepts i.e., their
shareholders are responsible for its financial liability to the point of the money invested.
 Private Limited Company by shares (LTD) – These are the business which is not
owned by any person from public. LTD is managed and controlled by non-government
organisation or through the few shareholders. Along with this, sale of the firm is handled
privately as well an individual person is responsible for liability of the business up-to the
amount they invested. Private companies are most famous and well known kind of
companies.
 Company Limited by Guarantee – In this, the investor individually not responsible for
the entire amount they had invested as this status of the enterprise is reserved for
companies that don’t have shareholders such as smaller and NGO (non-profit
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