Importance of Business Structure and Legal Statuses in UK

Structure of Business

EXECUTIVE SUMMARY
This report covers the importance of the business structure which is developed by different
resources including the human capital, legal structure, business sectors, the business financial
capabilities that defines the stability of the business in the marketplace. With the new business
startup of Fashionable Clothing Company in UK, in context of the association this report delivers
the importance of the human resource policies, the financial resources of the business, legal
statues, and business sector where is operating.

Table of Contents
EXECUTIVE SUMMARY.............................................................................................................2
INTRODUCTION...........................................................................................................................4
MAIN BODY..................................................................................................................................4
State different legal statuses of businesses that your business in UK with strengths and
weaknesses of these legal statuses...............................................................................................4
Establish the strengths and weaknesses of THREE sources of finance available to the chosen
business start-up...........................................................................................................................6
Evaluate the three sectors in the UK economy in which a business can operate and state the
differences between the three sectors?........................................................................................8
State the human resource policies and their importance in the workplace................................10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
To start the own businesses requires different resources right from collecting innovative ideas,
finances, people, legal proceedings and other resources that must be effectively used in the
business to accomplish business success. These involves making the right use of the innovative
ideas in order to deliver the market offerings that best satisfies the market demand which
requires understanding the demographic and psychographic factors of the specific geographical
location including the age, people, income, lifestyle pattern and so on. After that the business
decides on the specific market offerings, the business must also determine the other requirements
of the business functions such as human capital, legal proceeding wherein the business must
select the business operating sectors of the economy, the legal status if the business and the other
important factor involving the human resource strategies’. Thus, by analyzing all these factors,
“Fashion Clothing Company” is the new business startup in the market of UK, with high
preferences and living standards of the people in UK, wherein people want to wear good and
fashionable clothing, thus the new business idea in the market of UK is justified. The business
focuses on delivering high quality fabric and fashionable apparel in order to satisfy the market
demand. In this report the following responses are been evaluated such as the detailed
investigation of the business legal structure in UK, evaluation about different financial sources of
the business and how it works for the businesses with the relevant strength and weakness applied
to the business, three different business sectors of the UK economy and their differences,
detailed investigation of the human resource policies that it benefits the organisation and helps to
build brand identity in the marketplace (AJAGBE and et.al., 2016).
MAIN BODY
State different legal statuses of businesses that your business in UK with strengths and
weaknesses of these legal statuses.
Legal statuses of the business of the business is divided into limited liability and the registered
charity pertaining to the nature of the businesses, these legal statutes are discussed below in
brief: