The Structure of Business

The Structure of Business

Contents
Introduction................................................................................................................................3
Main Body..................................................................................................................................3
Question 1:.............................................................................................................................3
a) Various legal status of businesses and their relative strengths and weaknesses................3
b) Strengths and weaknesses of three sources of finance available for the start-up business5
Question 2: Three sectors within UK economy in which business can operate with their
difference and value...............................................................................................................8
Question 3: Two HR policies and their importance to modern workplace............................9
Conclusion................................................................................................................................10
References................................................................................................................................12

Introduction
Business is seen as a separate, efficient planned legal entity that may contribute to the
construction of a strong infrastructure that can offer new goods and services, which can help
attract customers. In the United Kingdom, there are many types of companies, such micro,
SME and large companies with distinct characteristics and scale. This project discusses
numerous kinds of companies and diverse ownership structures such as single traders,
cooperative companies, partnerships, business enterprises and more. This study examines
several forms of structure and how the structure of the company might impact business
productivity (Badran and Badran, 2020). For this report, “Morningstar Mask” which is a
start-up company in UK is being taken into consideration. The respective firm will offer
excellent quality of masks with 5 layer protection to its valuable customers in its given region
of operations. In respect to current pandemic times and as per new guidelines published by
government of the region which grants a start-up loan of $500- $25,000. This will be the right
time for any start-up businesses to launch their holdings in desired market areas of working
(Baporikar, 2020).
Main Body
Question 1:
a) Various legal status of businesses and their relative strengths and weaknesses
There are various sorts of businesses operating in the UK which may help increase
people's living standards and provide rural and urban people plenty of jobs and target the
local community to live a good life. In the UK economy the involvement of different firms is
expanded and businesses may affect economic growth in the country well. The following are
described several sorts of companies considered by the UK market.
Basis Public Private Voluntary
Definition Usually, the Public
Sector comprises of
government-owned
and managed
companies serving
its citizens. Public
sector organisations,
A private
organisation is any
partner, company,
person or agency not
governed by a public
institution. It
encompasses all
A voluntary
organisation or
union is a group of
persons who agree to
set up an agency for
a voluntary purpose.
Common examples

like the voluntary
sector, are not
aiming to profit.
firms that are not
owned or operated
for profit by the
government.
are trade
associations, agents,
literate firms, trade
groups and
organisations for the
environment.
Purpose Public companies
are publicly traded
companies. Investors
can become
shareholders of a
public society by the
purchase of shares of
the company. The
company is
considered public as
any interested
investor can acquire
the corporation's
shareholdings in
return for
shareholdings.
Instead of earning,
the purpose of
volunteer groups is
to achieve their
objectives. This
usually means that
people prioritise
things differently
than a business. In
general, when
customers can
acquire the same
thing elsewhere at
less costs, they will
not pay more. In
particular, private
companies cut prices
of products and
services while
fighting for the
money of their
client.
Instead of earning,
the purpose of
volunteer groups is
to achieve their
objectives. This
usually means that
people prioritise
things differently
than a business.
Strengths In particular, if the
firm is listed on the
recognised market,
the most evident
advantage is its
100% of external
direct investment is
authorised in a
private limited
company which
Charities for social
benefit are
commonly
acknowledged as
existent. This can