The Structure of Business

The 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 startup 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.......................................................................................................................................8
References......................................................................................................................................10

INTRODUCTION
The choice of appropriate architecture and rules is critical to a successful of any
multinational corporation (Abebe and Myint, 2018). The various forms of institutional
frameworks which are existent in the current setting would be described in the limited company
assignments. Following that, different methods of obtaining financing would be demonstrated,
along with the advantages and disadvantages of each method. 3 separate industries could be
recognised in the framework of the British economy. The main distinguishing elements between
the 3 kinds of businesses industries, as well as its significance in the current financial climate of
the United Kingdom, will be discussed. HR strategies are essential aspects in modern companies'
market value and other relevant occurrences. Synopsis In this project, you will learn
approximately 2 significant HR regulations and how they contribute to the professional world.
Question 1
Explanation of different business legal status that adopting by companies and identifying its
weakness and strength
It is beneficial to both new and existing enterprises, as well as improving nations' financial climate. The numerous legal statuses for businesses, on the other
hand, are outlined in the figure beneath-
Legal status defined Strengths Weaknesses
Sole trader- A sole trader is
an area of company in which
individual owns the complete
company and is liable for all
the dangers and price
differentiation. Sole traders
include solitary businesses
such as hair salons, candy
stores, and single grocers.
The biggest benefit for small
businesses is the ability to set
up a full company fast and
simply without need for
external assistance.
Entrepreneurs have had the
capacity to make choices
within their own, that cuts
down on judgement period.
The company operations as
well as other activities of the
organization can be completely
controlled by the proprietor.
Specific income amounts are
Among the most fundamental
disadvantages of solo dealing
corporations is their limitless
liability. Leading to a shortage
of sufficient capital, the
majority of solo traders are
unable to develop efficiently.
Company entrepreneurs are
working long weeks. It is
tough for small retailers to
succeed with giant
corporations (Bell, Bryman
and Harley, 2018).

not required to be disclosed.
Partnership- A partnership is
formed whenever 2 or more
people consent to set trade
deals and split daily operations
management for the operation
of a company. Partnership
companies, like other company
law arrangements, have their
own set of benefits and
drawbacks.
Among the most favourable
characteristics of a joint
venture is how simple it is to
build. For simple and fast
investment governance,
collective decision is
successful. Since the workload
and administration
departments may be divided
equitably, neither of the
strategic partners will be
overburdened. The risks of
owning and operating a
business might be borne
evenly among participants.
The fundamental drawback of
a joint venture could be
characterized as limitless
responsibility and guaranteed
income possibilities.
Additional drawback of
partnerships enterprises might
be emphasized as dispute
among business associates.
The time it takes to make a
judgment may be longer than
other commercial legal
frameworks. Raising funds
while adhering to the
regulatory regime might be
tricky at times.
Public Limited Company-
Public ltd businesses are huge
corporations that are held by a
number of distinct investors.
This sort of position could
offer its interests on the market
place.
The essential benefit of
various public restricted
corporations is that they have a
distinct legally existence from
the small businesses, as well as
restricted responsibility.
Moreover, one benefit of
having the regulatory
framework is the ease with
which one can sell and
purchase business shares on
the stock exchange.
Furthermore, such groups have
never had difficulty raising
The drawback of the publicly
listed corporation can be stated
as additional needs for many
regulatory elements and
greater degree of detail.
Furthermore, due to varying
market situation, the market
capitalization of such a
company may change. When
looking for funding for a
variety of commercial
activities, it can make life
more complicated. The
members might well be