Legal Structures of UK Companies and Recommendations for IOM Solutions

Business Law

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
The legal structures of UKs companys............................................................................................5
Sole Trader:.................................................................................................................................5
General partnership: ...................................................................................................................6
Limited Liability Partnership:.....................................................................................................6
Limited Liability Company:........................................................................................................6
Recommendations for IOM Solutions:............................................................................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
A business entity is the kind of a company which established by the owner with the aim
of generating revenue and making profits by manufacturing and selling goods and services to the
people. The person who holds the ownership of the business wants their business to be
recognized in their respective market between all their rival companies so that their businesses
can working properly. Everyday in the marketplaces new business has been created and when the
businesses grows it leads to growth in their respective sectors. This assist the economy by doing
the exchange of businesses and funds in the market between the people. Rising businessman
consider start-up as an great chance to make more money. The owners of the company created
their businesses in regards to their funds and investment available with them and after that
according to their funds they decide what kind of business they want to create and what scale the
businesses should be operate. So the business law of the United Kingdom helps the owners to
understand the legal structures which they must follow in regard to operate their businesses.
This paper is discussing about the various structures of the businesses, merits and demerits of the
structures and in last recommendation for Sam, which type of business is suitable for the
expansion of their business of IOM solutions.
MAIN BODY
In the United Kingdom, all the activities of the business and the management are to be
done in accordance with the Companies act 2006. The act provides all the details of the related
provisions that is related for the functioning of the business and their operations effectively.
Employees is considered as the prime assets of the organization as they are the ones who is
responsible for the smooth functioning of the operations of the businesses. So the behaviour of
the employees and their conduct must be in accordance with the several employment legislations
which describe details about the code and conduct of the of the employees. But for the
organisation they must abide all the laws of the companies act for not getting into any legal
consequences for not fulfilling the obligations which they must abide(Bambara and et, al.,
2018). The businesses who is enter into the markets have posses identity of the legal professional
organization with several components with it. Those components have the continuous existence,
distinct properties, common seal on the name of the businesses and mentioned the rights and the