Legal Types of Business Organization and Responsibilities in Company Law

Your company Gordon and Gordon who
specialise in Contract law Employment
Law Commercial law and Company law.

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Evaluating the various legal types of business organisation and measures taken to form a
specific company.........................................................................................................................1
Examining the impact of contract law and employment on the business like Spring Ltd..........2
Evaluating the responsibility or duties of the director within the organization..........................3
Examining the responsibility or duties of the company officers and auditors............................3
Examining the responsibility at the time of company meeting, raising fund and shareholder
meeting........................................................................................................................................4
How company resolutions are passed, and the matters for which resolutions are required........4
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
This study will highlight on the Gordon and Gordon Company who specialises in
contract law, commercial law, employment law and company law. This study will highlight on
evaluating the various legal types of business organisation and measures taken to form a specific
company. Moreover, thus it will also have impact of contract law and employment on the
business like Spring Ltd. This study will also highlight on responsibility or duties of the director
within the organization. Furthermore, responsibility or duties of the company officers and
auditors. Moreover, it also examines the responsibility at the time of company meeting, raising
fund and shareholder meeting. Moreover, it also demonstrates, how resolution is passed within
the company.
MAIN BODY
Evaluating the various legal types of business organisation and measures taken to form a specific
company.
Sole trader: It is one of the simplest form of business. The owner of the business is highly
responsible for all the assets and liabilities. In order to form the sole trader business it is
important to have national insurance number and the sole trader must also register for self-
assessment with the HMRC (Wells, 2015). Trading under the chosen business name and
registering for the tax show.
Partnership: This involves 2 or more partners who agree to share the profit and loss of the
business upon which they have agreed upon (What are the different types of business
structures in the UK? How to choose one , 2020). In order to form a partnership firm, the
first step is to select a business name, nominate the partners and register with the HMRC
Company.
Limited liability partnership: In this business organization the liability of the partner is
limited to the amount of money the individual has been investing within the business (Barbier,
Rogowski. and Colomb, 2015). In order to form a partnership firm, the first step is to select a
business name, have a selected registered address which is available publicly, have designated
members, develop a LLP agreement and register with the HMRC Company.
Limited company: It is a privately managed company which has been owned by the
shareholders and is run by the directors of the organization (Barbier, Rogowski. and Colomb,
2015). The company is considered to be as the separate legal entity which tends to have their
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