An Analysis of Business Structures, Finance, and HR Policies

This report delves into the structure of businesses, examining various legal frameworks and their respective strengths and weaknesses. It explores different types of businesses, including public, private, and voluntary organizations, detailing their characteristics and operational models. The report also evaluates diverse sources of finance available for business start-ups, such as angel investors and venture capital, weighing their pros and cons. Furthermore, it identifies and analyzes different sectors within the UK economy, commenting on their economic significance. The report concludes by identifying key HR policies and their importance in the modern workplace, providing a holistic overview of critical elements in business operations.

The Structure of
Business

TABLE OF CONTENT
INTRODUCTION.......................................................................................................................................3
QUESTION 1..............................................................................................................................................3
Types of frameworks or legal statuses of the business together with its strength and weakness..............3
Evaluation of various sources of finance that is available for business start- up together with its pros
and cons.................................................................................................................................................11
QUESTION 2............................................................................................................................................12
Three different types of sectors which operate within the UK economy and the difference between all.
Comment on their value in UK economy..............................................................................................12
QUESTION 3............................................................................................................................................14
Identify two HR policies and its importance in modern workplace.......................................................14
CONCLUSION.........................................................................................................................................15
REFERENCE............................................................................................................................................16

INTRODUCTION
Business provides an important areas in order to generate the production enter avenues
and also to optimise the living standard of people. It helps out to gain the manufacturing and also
enhancement in the approved uplifting the global market chains (Van Looy, 2019). It provides a
profit margin for the market and also gives the scope through which the operational activities are
being carried out in the environmental area for implementing the important decision making
programs. It provides two important sources through which the internal environmental matters
and factors are being covered as it provides out the mission, vision, resources and all the
important implication. This report will further cover all the control, types of business and
important implementation of laws that are being needed for the business practises with the
funding which helps out to raise the economic value.
QUESTION 1
Types of frameworks or legal statuses of the business together with its strength and weakness.
Business implicate out method which helps how to provide a growth in all the companies
and also variable objective through which they can enhance the demands that are being perceived
for the company’s growth. Some of the important implementation of business practices are being
mentioned below:
Types of businesses Legal statuses of
businesses
Strength Weakness
 Public
organisation:
This mainly
provide out
all the
important
organisational
practices
which are
This mainly have three
important forms of
public organisations
they are as follows:
 Central: This
provides out all
the important
control that is
being covered by
 It helps out to
apprise the
autonomy and
also to uplift
the major
advancement
for the
country by
maintaining
 This provides
out High
interference
of all the
political
background
and areas
through
which they

being handled
by the
government
and their
main motive
is to create
income and
welfare for
the society
and also to
generate
maximum
profit for the
growth of the
customers and
also to fulfil
the demands
that are being
raised by the
societal
advancement.
the government
and also being
handled through
the
authorisations
which is being
maintained by
the government
in order to
evaluate the
distinctions of
the country
(Hamidi, and
Jahanshahifard,
2018).
 State: This
manage all the
important central
government and
the important
implementation
of function
through which
the scent state is
usually be part
of all the
framework.
 Local: It
provides out all
the management
of business
the (Turner,
and Gianiodis,
2018).
independent
operational
activities.
 This helps to
formulate
important
welfare for the
societal
development
and also to
maintain the
scrutiny by
maintaining
the
Parliamentary
programs and
welfare areas.
try to
implement
out the work.
 It mainly
ignores all the
important
corporation
that is being
rest out for
the
consumers
advancement
and also
promotes out
the absence of
all the
functions of
the business
and also
reduce the
interest
through
which the
customer can
thereby gain
the
advancement
for the social
policies and
well-being.

practices in
which the
government and
with them the
local authorities
take tea advisory
actions for
maintaining the
areas for state
Private
Organisation: This is
mainly important
business practice
which helps out to
hold all the
individuals who used
to carry their
business in private
manner and they
usually helps out to
country in order to
generate the
maximum profit for
the benefit of the
society.
Sole proprietorship:
This mainly is a
business practice which
is being carried out by a
sole owner and a single
person used to carry out
all the important
responsibilities that are
being needed for the
power and
establishment of
business practice
(Nishiyama, 2019.)
 As all the
control and
the powers are
being carried
by a sole
owner there
will not be
any
involvement
of a third
person which
creates a
smooth
manner of
performance
of functions in
Sole
proprietorship
business
practises.
 All the
important
 This mainly
promotes a
threat for the
company as
its surface of
the liabilities
which are
being
personally
framed for the
individual.
 If the person
dies at the
time of
business
practice his
whole
business will
thereby be
shut down as
they will not
be any option

liabilities,
paying of
taxes and the
profits are
being
generated
carried out by
a single
individual
who used to
cover all the
responsibilitie
s in the
business
practice
(Mosteanu,
2020).
for the
practise in the
legal areas an
entity to
maintain the
business areas
and
framework of
the
promotions.
Partnership: These are
mainly the business
practices which are
being handled by two or
more individuals as they
used to share out a
common business and
are being termed as
partners. The share out
the equality, liabilities,
debts, profit, loss and
the mutual agreements
were being made
between them
 There all the
decisions are
being made by
the partners
equally so it
provides out
an expert
solution for all
the major
problems and
the
advancement
for the
business
 As it covers
of the joint
liability both
the partners
are there by
equally being
liable in order
to maintain
the firm and
also the
liabilities is
being framed
through the
maintenance

practices
through which
the
enhancement
can be
apprised.
 It mainly split
all the losses,
profit and the
income
through which
the tax
savings and
thereby be
maintained
(Kuznetsov,
and et. al.,
2017) .
and equality.
 It covers out
important and
limited areas
for the
personal
issues and
matter in the
partnership
and the firm
process.
Limited liability
partnership: These are
mainly all the
partnership agreements
which used to cover out
a separate legal entity in
their raising funds and
the business
implementation with
their partners.
 This mainly
generate out
all the capital
contribution in
their legalities
and a personal
benefit
programs
through which
the business
and thereby be
framed and
protected.
 In all such
practices one
partner used
to get more
profit as
compare to
the other as
according to
the system
and the shares
that are being
distributed
between

 All such
business
practices are
mainly easy to
be handled as
in compare to
the private
companies
that used to
deal with
complex
methods
(Leminen, and
et. al., 2020).
them.
 This evaluate
out high
penalties in
all the non-
compliance
areas for the
private
individual
and the
companies
that are being
shared.
Companies: It is mainly
a legal entity which is
mainly being formed by
a different owners as all
their working is being
carried out through the
artificial personality a
company can thereby be
sue or can be sued in
every circumstances
there are mainly two
types of important
company where public
company that used to
cover out the shares to
the shareholders and the
private company which
 This provide
out all the
Limited
liability is in
order to
maintain their
shares and
also a
personal
liabilities
being a rise in
deep
framework of
organisation.
 All such
companies
used to carry a
 It do not have
much privacy
in account of
the business
practises at as
you surely
provide out
all the public
disclosure of
the important
matters that
are being
needed for
organisation.
 An important
legal
requirement

carried out the business
through the private
individual practice and
manage their own
business in their own
means.
perpetual
succession in
all their
companies
welfare and
they used to
be for forever
as a person
may go but
the company
will stay
within with
there same
succession
practice.
is being
needed for all
the
maintenance
and the time
is being
required for
all the
efficient
practices for
the consumer
that is being
carried under
it.
Voluntary
organisation: It is
mainly all the non-
profit working
organisation which
covers out and be
managed by the
social volunteers and
the staff members
which usually
maintain all such
business practises for
the society growth
and upliftment and to
initiate the social
working process
It covers out to
important implications
they are like:
 Associations:
These are mainly
all the important
legal documents
that are being
constituted in the
framework for
the membership
and the
objectified areas
of the business
practises
(Aleksandrova,
 All the
important
recognisation
of the public
trust is being
carried out for
the social
cause and also
being known
as the easiest
manner for the
framework
and
circumstances
through the
different
 It is mainly a
time
consuming
process at as
it required so
much of times
and efforts for
the growth of
company.
 This
promotes out
all the
important
social
working and
also focuses

and et. al.,
2018).
 Trust: It also
business are
being carried out
by trustees as it
used to provide
out the
objectives
through which
they used to
govern
important
framework and
the nature of
business.
aspects.
 This provides
out the relief
from all the
tax
exemptions
processes.
on the
economic
areas in order
to generate
maximum
profit and
growth for the
business
practises.
Charitable
organisations: this
provides a non-profit
ventures through
which all the
important registration
can be claimed out
and implementation
of important status
for the government
implementation in
India with a specific
interest and system
can be maintained as
it provides of
Charitable trust: These
are mainly the small
groups which are
mainly been called as
trustees and are also
being appointed in order
to maintain and also not
incorporate in the
benefits of any private
own groups (Ode, and
Wadin, 2019).
Unincorporated
association: These are
mainly the associations
 It provides of
the social
implementatio
ns and the cost
through which
the gain of
public trust
can be
maintained
out.
 It used to
frame out all
the important
assets that are
being needed
 These cover
out important
charities and
funds and are
mainly
dependent
upon the
funds that are
being raised
by the
individuals.
 It provides
out all the
regulatory
requirement

payment to the staff
and also funds for the
growth of society.
and activities which
usually cover out the
public benefits and
advancement through
which the generation of
maximum areas in
attainment can be
maintained.
for the
business
practices and
all the
charitable
objectives that
are being
carried out for
the
implementatio
n of important
programs and
functions.
through
which they
complied out
the accounts
and through
which the
return of the
investment
can be
implemented.
Evaluation of various sources of finance that is available for business start- up together with its
pros and cons.
 Angel investors: It provides out all the important areas through which the carry out the
experience for the business and also then vestment is being made by the capital gain and
advancement with the exchange of practises. It provides the conventions and important
connections through which start up can be implemented with growth (Kompalla, and et.
al., 2017).
Strength
The mainly provide out the start of funds
through which the investors can thereby
maintain their business practices and also work
towards the growth and implementation of
success with proper decision making skills.
Weakness
This ensures all the excessive amount and
usually control of the business practices and
are being involved too much in all the funding
and investors processes through the
entrepreneurs means

 Venture capital: These are mainly the investors who are being able to provide the finance
and the skills through the basis of the talent that is being raised and also provide out the
capital gains and advancement for the business practises.
Strength
The helps out in the expansion and growth for
the company by maintaining proper investment
in the business and also in the believers.
Weakness
The manage out high amount of funding
through which the equity shares and the
important growth in the profit areas are being
flourished and maintained in a divided manner.
 Bank loans: It presumes all the important independent area which helps out to maintain
the start up a business practices and also cover out active participation in the market
practice through which the regular entrepreneur and the payment can be maintained for a
fixed term of areas of loans
Strength
These mainly provides of finance through
which the implementation of works and
important rules can be framed so that the
money can be invested in the proper business
practice
Weakness
All the amounts for the issue of the bank are
being framed out by the monthly installment
and the cash will have to be done with that
installment procedure.
QUESTION 2
Three different types of sectors which operate within the UK economy and the difference
between all. Comment on their value in UK economy.
Business is an advance manner which helps out to provide increasing of the practices
through which different approach and the sectors can be implemented it provides out
engagement of activities in which output and input can be added in the values for the
advancement in production. Some of the important implementations are being mentioned as
follows: