Business Law: Types of Organizations, Management, Funding, Legal Solutions

Unit 7- Business Law (Activity 2)

Table of Contents
• Introduction
• Types of business organizations which are legally formed.
• How business organizations are managed and funded
• Recommendations for legal solutions
• Compare and contrast different sources of legal advice
• Conclusion
• References

Introduction
The business law is an important
part of the society as helps in
regulating the activities of the
business. these include various
laws under its ambit so that each
sphere of the business is covered
and effective running of it is
ensured.

How business organizations are formed
legally.
There are various kinds of business organizations which are
formed legally in the state. These are made for as per their
management and ownership but the sole motive of every
organization is just to generate maximum profitability and
revenues. Different kinds of business organizations are
narrated thereunder-
• Sole proprietorship
• Partnership
• Company