Structure of Business

Structure of Business

EXECUTIVE SUMMARY
The report is in the context of start-up business named Finer Threads which is based out
of London, UK. The report delivers different business sectors that contribute to the economy of
UK, legal statuses of the business, the financial resources required by the start-up business that
helps to meet the financial requirements of the business and the human resource policy that how
the business operates in the most ethical manner in addition to that effectively manages the
workforce of the organisation.

Table of Contents
EXECUTIVE SUMMARY.............................................................................................................2
INTRODUCTION...........................................................................................................................4
MAIN BODY..................................................................................................................................4
Discuss different legal statuses of businesses that your business in UK with strengths and
weaknesses of these legal statuses...............................................................................................4
Determine the strengths and weaknesses of THREE sources of finance available to the
selected business start-up.............................................................................................................5
Determine the business sectors in the UK economy in which a business can operate and state
the differences between the three sectors?...................................................................................8
Determine the human resource policies and their importance in the workplace.........................9
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
The different resources required to start up a new business opportunity, these resources
include finances, people, legal documentation, innovative ideas, business plan and others which
are crucial for the starting a new business. An entrepreneur must transfer the innovative ideas
into a new business opportunity, where in the business ideas Must be beneficial to both the
organisation and the market. The business objectives must satisfy the market demand and trends
in addition to that the business must be capable of sufficient funds in order to expand the
business and meet the financial requirements. This report covers, the start the business of “Finer
Threads” which is situated in London, UK, it is a private business. With the main purpose of
delivering fashionable clothes by using organic and hundred percent natural products without
using any low quality stitching and fabric quality. The association delivers variety of clothes to
men, women, kids. By taking Finer Threads as a chosen business startup, this report reflects
investigation of legal business structures, evaluation of different financial sources with its
strengths and weaknesses to the business, different business sectors in UK economy, the human
resource policies adopted by the business and how it benefits the organisation (AJAGBE and
et.al., 2016 ).
MAIN BODY
Discuss different legal statuses of businesses that your business in UK with strengths and
weaknesses of these legal statuses
Public Limited Company Private Limited Company Registered Charity
Public limited company Are
determined by businesses
listed under the London stock
exchange. There are
numerous number of public
limited companies in UK
where in more than 90%
company is a public limited.
Private limited company are
defined by simply The
businesses which cannot offer
shares to the public for
raising Capital, the business
has legal entity which is
separate from its owners apart
from that all the personal
Registered charity are the
businesses which operated for
the sole purpose of delivering
for social services and
enhancing the social
development of the country.
The major benefits of
registered charity are that