The Structure of Business

Structure of business

Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................1
Question 1........................................................................................................................................1
Explanation of different business legal status that adopting by companies and identifying its
weakness and strength.................................................................................................................1
Evaluating and identifying the strength and weakness of start-ups business of three resources
that must be considering your ideas of business..........................................................................3
Question 2........................................................................................................................................5
Identification of different three sectors of UK economy, comparing these three sectors and
commenting about UK economy.................................................................................................5
Question 3........................................................................................................................................7
Identification of two HR policies and their importance for modern workplace..........................7
Conclusion.......................................................................................................................................9
References......................................................................................................................................10

INTRODUCTION
The selection of suitable technology and regulations is essential to the development of every
global group (Ali, Crvenkovski and Johnson, 2016). In the legal entity tasks, the different kinds
of legislative mechanisms that contribute to the existing situation would've been explained. After
this, various means of getting funds will be explained, together with the benefits and drawbacks
of each. Three distinct businesses might be identified within the context of the British industry.
The key differences between both the three types of company sectors, and also their importance
in the field of accounting and finance of the Great Britain, would be examined. Hr practices are
critical components of contemporary firms' market valuation and other key events. Exposition In
this assignment, you may study about two major HR policies and how these affect the work life.
Question 1
Explanation of different business legal status that adopting by companies and identifying its
weakness and strength
It benefits both emerging and established businesses while also boosting the investment bonds of countries. The various constitutional positions for companies,
on the other extreme, are depicted in the figure below-
Legal status defined Strengths Weaknesses
Sole trader- A lone operator
is a type of business wherein a
single controls the entire
organization and is responsible
for all risks and cost
difference. Solo enterprises
like massage parlours,
confectionery boutiques, and
solo merchants are examples
of small businesses (Colli and
Perez, 2020).
The capacity to establish up a
comprehensive corporation
quickly and easily with no
need for outside support is the
most substantial advantage for
smaller firms. Founders have
the ability to create decisions
under their own, which
reduces the amount of time it
takes to make a decision. The
owner has absolute authority
over the business performance
and other specific goals.
Earnings figures really aren't
One of the most essential
problems of sole
proprietorships is its liability.
As a result of a lack of average
income, the most of lone
merchants are still unable to
grow successfully. Companies
put in hard hours every week.
It is easier for young
competitors to sell with large
conglomerates.

needed to be revealed.
Partnership- As two or more
persons agree to establish
deals with other countries and
divide everyday strategic
planning for the functioning of
a firm, a contract is dissolved.
Partnership corporations, like
many kinds of economic
formation structures, have its
own collection of advantages
and disadvantages.
The ease with which a
consortium can be formed is
one of its most appealing
features. Unanimous effort is
effective for easy and quick
financial administration. So
because effort and
management agencies can be
distributed evenly, none
strategic partnership would be
overloaded. The liabilities of
holding and maintaining a firm
may be shared equally by all
partners.
The primary disadvantage of a
strategic alliance might be
described as unlimited
obligation and secure income
opportunities. A further
disadvantage of resident
companies may be stressed as
conflict among company
colleagues. It is possible that
the time it would take to reach
a decision will be lengthier
than in other corporate
regulatory structures.
Fundraising whilst conforming
to the legislative structure can
be difficult at times.
Public Limited Company-
Public limited companies are
multinational companies
which are owned by a variety
of different shareholders. This
type of work may be able to
provide its advantages on the
industry.
The primary advantage of
diverse publicly limited
organizations is because
companies possess a separate
legal presence from smaller
firms, and also limited
liability. Furthermore, another
significance of owning a
legislative regime is the
simplicity in which firm
interests could be sold and
purchased on the stock market.
Moreover, these organisations
never had a problem collecting
The disadvantage of a public
companies firm is that it
requires more transcription
factors and a higher amount of
sophistication. Additionally,
the share price of such a
corporation can alter due to
changing market conditions.
Searching for finance for a
number of economic
operations might make things
more difficult. The participants
may be influenced by the
culturally owners' short-term