Business Law Assessment 2 - Types of Business Structures in the UK

Business Law
Assessment 2

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK ..............................................................................................................................................3
Businesses & Organisations in the UK.......................................................................................3
The legal business structure of UK companies...........................................................................4
Recommendations for IOM Solutions........................................................................................7
CONCLUSION ..............................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
Business law is the law which provides rules and regulations to control the business
conducts. In context of UK, it has a wide variety of legislation on business . Business is a wide
term it is also known as mercantile or a company law. The activities and operations are covered
within the legal framework of UK. There are other laws also which compliment the business law.
Business organisation is the association of various units which assist in running of business.
Business law provides various types of business setups to the person who as per suitability
commenced (Bruner, 2018). The types of businesses such as , partnership, sole trader, limited
liability company etc. are the common business setups which the person has established to earn
profits. This report will present the different alternatives of business an person can opt for
expanding his business along with the relevant recommendation will be made for the given
organisation.
TASK
Businesses & Organisations in the UK
There are various kinds of businesses operating in United Kingdom which are covered under
business law. A business organisation is a structure of different departments such as finance
department, human resource department, , accounts department, and marketing department and
many more. There are so many business faculties which are associated with the business are the
force of a business. The employees of business are covered under employment law , which gives
various rights to employees such as minimum wages, leave rights, rights against discrimination,
maternity leave, etc. According to the company law a company is a separate legal entity or a an
artificial person which has separate identity and a company can sue or be sued in case of
disputes in its own name. Company law also covered in business law. The laws are made to
make the commercial work easy and fair. These laws directs the organisation to run the business
in a systematic way as per the laws. Any business who is not complying with the business law
will have to face huge penalty in monitory terms. In business law employers are obliged and
duty-bound to perform certain acts in the interest of its employees. Businesses contributes in
economy ,therefore there are several rights and benefit given to businesses as well to elevate
them an helps in expanding the operation beyond United Kingdom (Corsi, Feranita and De