Types of Legal Business Structure in the UK and Recommendations for IOM Solutions

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Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK ..............................................................................................................................................3
Businesses & Organizations in the UK............................................................................................3
Recommendations for IOM Solutions.............................................................................................7
CONCLUSION ...............................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
The UK legal system is complex and unique. The business law aims to provide various
rights and responsibilities to the employees in order to safeguard their legal rights. There are
several kinds of business organisation that varies according to the needs, size and type of the
business. The business owner expand their business according to the availability of resources and
opportunity to grow their business at large level. Each type of business organisation has their
own benefits and impose the liability over its members (Adamou, Kyriakidou and Connolly,
2021). Finance is another factor that helps to decide the business organisation as it helps to
operate the business activities. This report will cover the various types of legal business structure
along with its benefit and drawbacks. Further, it will provide recommendation to IOM solutions
to expand its current business into another potential business.
TASK
Businesses & Organizations in the UK
An organisation is responsible for carrying out various business activities with the aim to
achieving the goal and earn profit. It is regulated and governed by the Company Act of 2006,
which defines the procedure and formalities to incorporate an organisation. The company is a
legal entity that are formed by the statutory framework of the UK and has several essential
features which gives unique identity to a corporate body. The company is always considered as
separate and distinct from its members and have their own common seal. The Companies Act of
2006 is detailed and comprehensive document that provides wide information about the various
activities of business.
In order to run an organisation more efficiently, it is important to secure the rights of its
employees which is possible through the employment law of UK. It guarantees several rights
and bind them certain obligation to protect them from all kind of discrimination that creates
difficulties in performing their part of duties in an organisation. It safeguard them from
misconduct and ill treatment with the employees (Bowman and Wyer, 2022). It aims to create
positive environment where the employees can contribute their efforts to sustain growth. It
ensure equal protection to the employees at workplace and facilitate safe environment to avoid