BMP4002 Business Law: Analyzing Legal Context for UK Businesses

This report provides an overview of the key sources of law and the legal context for business organizations in the UK. It discusses various business structures, including sole traders, general partnerships, partnerships, and limited liability companies, highlighting their advantages and disadvantages. The report also touches upon important legal aspects such as employment law, company law, intellectual property rights, and vicarious liability. Recommendations are provided for IOM Solutions, suggesting a transition from a sole trader model to a limited liability company for expansion and improved operational efficiency. The report concludes by emphasizing the importance of understanding business laws and regulations for effective business management.

BSc (Hons) Business Management
BMP4002 Business Law
Assessment 2
Report describing the key sources of
laws as the legal context for business
organisations in the UK
Submitted by:
Name:
ID:
Contents
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Table of Contents
Introduction ...............................................................................................................................3
Businesses & Organisations in the UK...................................................................................3
The legal business structure of UK companies......................................................................4
Sole Trader.............................................................................................................................4
General Partnership...............................................................................................................5
Partnership............................................................................................................................6
Limited Liability......................................................................................................................6
Recommendations for IOM Solutions...................................................................................7
Conclusion..................................................................................................................................7
References..................................................................................................................................7
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Introduction
UK implies to be the important area which helps in managing all the growth and the
business practises in which they try to manage all the revenue generation and also the
turnover to be implied with management and generalisation. As with the general
advancement all the integrated areas and the interconnected areas are complied with law. In
all the companies there is been required to manage the business law as it complies with all the
regulations and rules with which the legal procedures are being applied and managed. It
incorporates all the setting of the business through laws and governmental imposed rules.
Some of the major acts are like company law, contract law, employment law and many more.
All the structures in the business are majorly based on the financial aspects, personal liability,
taxation and many more. Their are mainly different types of business which are like the
partnership, sole trader, limited liability partnership and many more (Singh, 2022). In this
report their will be provided different types of laws and the business formation and will cover
the recommendation for the organization.
Businesses & Organisations in the UK
There are various types of business which are being made in UK it all formulate to
manage the growth and the effective working principles in which the setting up of laws and
the principles are also being abided. Their are sop many avenues and operations in which the
companies manage their working they are like finance, human resource, accounting,
marketing and many more. All the business are being abided by the laws in the company they
are generally Employment law as in this all the laws and the rights of the employees are
being protected in which they manage the working and the general complacence through
which the effective manageable and their recruitment, safety at work, anti harassment laws
and the other health related issues are being formulated (Romashina, Chistyakov, and
Dmitriev, 2018). Other then this is Company law implies all the laws and the body of rules
in which they manage the perpetual succession and the it incorporates the artificial
personality with which they attention the legal structure of framing the work according to the
protection drawn for the members. Intellectual property right which help out to maintain all
the laws and the image of the company with all the market recognition and the other variable
occurrence of the organization original work.
As all the business laws functions out to maintain the commercial implications and
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the transaction with which they maintain the profound impact and their general rules. All
such business management helps in information technology where they frame the record
keeping and all the method through which all the tracking of the records and the work are
being aligned. It keep in managing the infrastructure and also the systematic allocation of
working. In all the companies or the business there is been that the vicarious liability
principles are being addressed in with all the act which are being done by the employees will
be accountable to the managers or the employers (Ohno, and Uesu, 2022). As the task which
made on behalf of the other party will be complied to be the assigned task for all the heads of
the company. This is mainly the master servant liability and also helps to protect the
employee from being punished for the acts of others. Their is also seen that so many of
tortious liability and the contractual terms which are implied to be framed in the business. As
the business the directors will have certain general duties in which they will have to manage
the company and their working functions they are like it helps in executing all the judgement
and the decision making with all the laws. They also have focus on all protecting the
employees and in avoiding all the conflicts which are being addressed by the parties in the
companies. No director will have the right to hold any of the personal profit business with
which they can manage their working and the contemplation. As in all the organization there
are being seen that in order to formulate or start any company there is being required the
Memorandum of Association and Article of Association in which the AOA regulates sand
manage the rules for all the share holders, directors and the secretary and the MOA have the
legal statements and the formation of the working in the company(Mojsilovic, and et. al.,
2022).
The legal business structure of UK companies
As in Business structures there are so many responsibilities and the management
which are needed to be managed and overlook so as to create and frame the systematic
growth and production their is been seen that it implies to have all the principles like the
accounts management, financial aspects, budgets, marketing, budgets and many more. As for
IOM solution there is being required to frame the recommendation of different structures
which they can apply for their garage and the sole business they are like:
Sole Trader
These are all the sole business in which the single individuals are being aligned and
carry all the working to be managed by them. It is been seen that these type of business
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structures carries the small scale practises and all the liabiliu8tes and the mutual
applicabilities are being undertaken by them. Their is being implied that all the sole traders
have to take the decision by themself and there is no profit sharing to any other person. It
have various unlimited liability in which the responsibility of the debt are being covered by
them. Some of the merits and demerits are like: Merits- it carries all the access and the full control over the business and there is being
implied that the retention the operation management are being undertaken by them.
The legal issues are also not being seen in all such business practises. And it also
mange the working to be up-lined though all the management and the views being
framed (Veldman, and Willmott, 2022).
 Demerits- All the sole trader business manages the operational burden and they also
carries the work load to be framed and managed by them. Their is been seen that the
sole traders carries the unlimited liability with which all the risk are being in
corporates between them (Khuntia and et.al., 2019).
General Partnership
This is mainly all being framed when two or more individuals manages to work
together in order to share the common liability and the working so as to attain the operational
responsibilities. It helps in managing all the shares, loss, profit and the liabilities to be
structured by the partners. It involves all the areas in which the shares in respect to general
management and the partners are being attained. Some of the major advantages and
disadvantages are like:
 Advantages- This manages all the less paperwork and it also contemplates that no
taxable areas are being covered in the general partnership. It implies that all the roles
and the responsibilities are being addressed and managed by them equally so to
burden is being seen on all of the people being working.
 Disadvantages- there is been seen that all the general partnership are merely not a
suitable structure to attract all the investors for the money and it carries the unlimited
liabilities in order to manage and take all the actions for all the partners.
Partnership
These are all such business function in which two or more person mutually agrees to
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share common loss, liabilities, profit and many more. Their is been seen that it frames the
multiple person to manage and frame all the working together through which the operating of
the business is being underlined. it aligns all the organisational structure to be managed by all
the person. It involves that all the partners will have to share all the common rights and the
liabilities in which they try to manage all the common loss, profit, gain and the
responsibilities . It helps in framing all; the taxation to be managed by them and the partners
have the right to enforce all the mutual liabilities and the responsibilities. The partners in all
the company will carry commo9n loss and the responsibilities through which the work is
being attained.
 Advantages- this manges all the flexible and the easy transactions in which the
professional framework is be attributed and there is been analysed that it have less
paper work and minimal burden which manages the investment and the capital
sharing (Cowan, and Cutler, 2022).
Limited Liability
It involves all the legal task and the liabilities in which the safety and the protection of
the ownership are being managed their is being provided that all the personal responsibility
are being carried out and all the debts and the working is being implied. It implies all the
conventional process in which the working of the company will imply the artificial
personality which considers to have the perpetual succession. The registration of the
company y will have the complex procedure which involves all the debts settling, voting,
final tax reports and other operational task that are being addressed under it. LLC mainly
brings all the working principles in which the registration and their management are being
complied and framed accordingly.
 Advantages- This provides all the protection with the assets and the liabilities in
which the versatility and the engagements of general active board of directors are
being managed. It have the main elements in which the liabilities and the engagement
of the work and the framework of the practises are being incorporated.
 Disadvantages- Their is been seen that it is a time taking process in which all the
limited liability company will; carry about all the complex framing procedure in
which the management and the working is being complied and frame as the time
taking assessment. Their is also seen that all the operational activities and the
investment are framed and employed wit all the general working and their level of
transfer of membership in the aligned members and the nature/
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Recommendations for IOM Solutions
It is recommended from the above report that sole traders IOM solutions with all the
considerable areas in the experience with all the electronic market with al the capitalize the
management with capitalize all the demand and the shares. IOM solutions frames the
organisational structure and they can expand theory business into limited liability company as
in this all the perpetual succession are being attend and this comprise of all the complex
procedures in which the management of the rules and the liabilities are being implied. Other
then this the expansion of all such business will lead to provide the growing of the employees
with efficiency in increasing their management and capabilities(Aripkhodjaeva, 2022). It will
also helps in managing the operational efficiency and reduce burden in every areas. Their is
also been seen that all the taxation benefits are applied to manage the personal profits and
gains. So the LLC will be a better option for expansion of the solve trader business.
Conclusion
From this above report it is concluded that, business organisation structures implies to
be different aspects in which all the structures and the framing are being aligned and there is
been seen that all the dimensions in the business laws and the regulations are being
undertaken. Their is been seen that all the vicarious liability implies that all the employers are
being liable for the performance of the act of the employees. Further bit is also concluded that
all the legal frameworks manages the advantages and the disadvantages of the business
structure. In order to expand the business there is been given the optimal solution of making
it a limited liability company through which they can enhance their business working and
manage the general employment demands.
References
Aripkhodjaeva, N., 2022. Theoretical and Methodological Aspects of Corporate Governance.
Asian Journal of Technology & Management Research (AJTMR) ISSN, 2249(0892).
Cowan, M.J. and Cutler, J., 2022. Cross-Fertilizing the Tax Classroom. Pittsburgh Tax
Review.
Khuntia and et.al., 2019. Benefits of IT-enabled flexibilities for foreign versus local firms in
emerging economies. Journal of management information systems, 36(3), pp.855-
892.
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Mojsilovic, S., and et. al., 2022. Transforming growth f actor‐beta1 and m yeloid‐derived
suppressor cells: A cancerous partnership. Developmental Dynamics, 251(1),
pp.105-124.
Ohno, I. and Uesu, S., 2022. New partnership with the private sector in Japanese development
cooperation. International Development Cooperation of Japan and South Korea,
pp.149-178.
Romashina, A., Chistyakov, P. and Dmitriev, M., 2018. The role of spatial policy in
acceleration of economic growth. Obshchestvennye nauki i sovremennost, (5),
pp.31-47.
Singh, V.K., 2022. Introduction to the Book on Legal Studies I. Text Book Published by
Eastern Book Company.
Veldman, J. and Willmott, H., 2022. Social ontology of the modern corporation: Its role in
understanding organizations. In The corporation: Rethinking the iconic form of
business organization. Emerald Publishing Limited.
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