Legal Solutions Handbook

Legal Solutions Handbook

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Explore how different types of business organisations are legally formed.................................3
Explain how the three types of business organisations you have already discussed are legally
managed and funded....................................................................................................................5
Assess the legal advantages and disadvantages of the formation of different types of business 6
Explain possible disputes in two of the following areas.............................................................6
Evaluate the effectiveness of the following. Are they useful/effective? Why?...........................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Legal System is explained as legislative language which explains about the laws and policies
is applicable on any of the specific sector. It has a vital role on decision evaluating process and
even attain the goals becomes an easy task for any of the entity. It is a wider concept so which
performing any of the business activity, it is essential that some sort of knowledge must be
available to tackle the situation. There is different requirement within the assignment which is
related with different types of entity and how they are formed. There advantages and
disadvantages will also play the crucial role as detail information can be collected through this
process. Then, there will be discussion about two different cases where dispute has occurred.
Finally, evaluation will be done on the basis of information collected while solving various
dispute.
MAIN BODY
Explore how different types of business organisations are legally formed.
The form of business is always different where it depends that how much investor wants
to invest in it so that goals can be accomplished. It is essential to understand that all of the
necessary requirement must be completed for so that legal penalty will not be imposed. There are
mainly two types of business and they are Unincorporated and Incorporated Business
Organisation.
Unincorporated Business Organisation: It is explained as the process which simply
explains about the importance of small investor within the business world (Yao and Hu, 2017).
This types of business entity allows the small investor to explore themselves through which
economy level of a nation can be improved. The legal formalities within unincorporated business
organisation are almost zero which do not create issue for the entity. Some of the form of
unincorporated business are:
 Sole proprietorship: It is that form of business where investor has to not suffer as
number of benefits are available. Even in this types business it is essential to understand
that sole proprietor should be able to operate the business themselves. Here, small
amount of fund is required to operate day to day activity due to which it can be said that
percentage of burden is always less in it. Whenever any of the investor plan to start the