Business and Organizations in UK: Legal Business Structure of Companies

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Table of Contents
INTRODUCTION ..........................................................................................................................3
Main Body.......................................................................................................................................3
Business and Organizations in UK..................................................................................................3
The legal business structure of UK companies................................................................................5
Sole Trader:.................................................................................................................................5
General Partnership:....................................................................................................................5
limited liability partnership:........................................................................................................6
Limited Liability Company:........................................................................................................6
References........................................................................................................................................8

INTRODUCTION
The business organization is been explained as an act in which there is exchange of
services and goods in lieu of consideration. The business is actually done for earning more profit
from the business enterprise by selling goods and services which is being manufactured through
the enterprise. There are many laws which controls and directs functions of the business. These
are known as business law. The corporate law includes law of employment, protection law,
health and safety laws, etc. which is applicable on every concern business which takes place in
the country. Furthermore, the organisation of business is to be registered as law of nation. But
this have many type of business which needs not to registered as like sole (Giliker, 2021). The
report explains different kind of businesses. This also outline for its disadvantages and
advantages. This will also be recommended that IOM Solution chooses its best fitted type of
business in the last of report after all businesses were discussed.
Main Body
Organisation and Business in United Kingdom
In UK, the business with their management is regulated as per the Companies Act of
2006. The act contains provisions for formation of company along with their procedure. The
functions of business organisation with the assistance of workers. So, the employees and
employer conduct must be ethical as smooth functions of the enterprise. The act is written in the
policy of the organisation. Each worker and employer is bound for following all policies of the
company. The law also mentions that no employer can do any unfair dismissal of the worker
who is working in that company. The enterprise have many features which are perpetual
succession. This means that an enterprise continues to exist even after death or dismissal of any
member of the board or shareholder. The enterprise enjoys status of separate legal
entity(Formosa, 2018). The company can be sued and can sue anyone.
The behaviour of unprofessional worker and lack of business responsibilities in carry out
the operations gives emergence to different liability in an enterprise. One of the liability in the
case is Vicarious liability which arises in the business concern which is being operated on a
larger scale. The liability start when an employee behaves or acts deceitfully or commit any act
which is unlawful even when being an part of administration as its workers, then liability arises
on an employer as this held responsible and liable for actions of their workers and thus this act