Legal Issues in Business Organizations: Formation and Dispute Resolution

LFBM104 &
LFTE104: Legal
Issues in Business
Organizations,
Tourism and Events
Organizations.

Table of Contents
INTRODUCTION ..........................................................................................................................2
TASK ..............................................................................................................................................3
Describe the formation of three different types of business organizations of your choice and
explain the appropriate legal solutions to resolve different types of disputes ...........................3
CONCLUSION ...............................................................................................................................5
REFERENCES................................................................................................................................7

INTRODUCTION
A business organisation is a practice of commercial activities which is constructed to
generate profits and to meet needs of public. Where a person seeks to establish a business, it is
essential that all the essential parameters of business are complied with. These parameters are the
legal principles developed by way of passing legislation or through case laws. These laws are
termed as business laws and also called as commercial law or mercantile law. All the companies
who are incorporated and registered must follow the regulations as prescribed by business law.
In UK the law which regulates the corporations which are formed under Companies Act 2006 is
company law (BrownLiñares-Zegarra, and Wilson2018). The key legislations which affects
businesses in UK are, Employment law, Competition law, Consumer protection law. The main
purpose of business organisation is to maintained the conducts of business in an proper and legal
manner. There are other many tenets or factors which are associated with business. In this essay,
all the relevant extract on different types of business organisations along with various legal
disputes and their effective legal solutions for resolutions shall be covered.
TASK
Describe the formation of three different types of business organizations of your choice and
explain the appropriate legal solutions to resolve different types of disputes
All the activities pertaining to commercial nature are subject to business law, business
corporations or a company are the primary vehicles for a business formation. A business is
formed to carry out the activities like, manufacturing or production of goods or services in order
to commercialize them to generate profits. Manufactured goods or services are supplied to
markets for customers to buy in consideration of the value of such product or services. Company
law offers various types of business organisation like, Sole proprietorship, Partnership and
Corporation. All these options have their own merits and demerits and different process for their
inception and process of operating business. All these business structures are governed by
company law, any person who wish to start a business must follow the rules and regulations
prescribed by law for inception of a business of any form.