Business Law Report: Legal Structures, Management, and Funding

This report, focusing on business law, delves into various legal structures including sole proprietorships, partnership firms, and private companies, outlining their specific characteristics. It critically evaluates the advantages and disadvantages associated with each structure, offering insights into the implications of these choices for business operations. The report further explores the management and funding strategies employed in both public and private sectors, emphasizing the evolving legal landscape and the practices of limited companies. The conclusion summarizes key aspects of legal compliance and the importance of adhering to regulations, supported by cited references. This report is a valuable resource for students studying business law, providing a comprehensive overview of essential concepts and practical considerations within the field.

Business Law
(TASK 2)

Content
• Introduction
• Different patterns of civil and criminal laws
• Correct analysis of advantages and disadvantages of this sector.
• Finding and management of several other organisation.
• Conclusion
• References

Introduction
Law is the correct guidelines for the working of any business
organisation. It provides the correct workings and procedures to
complete tasks and full fill all legal aspects. It was created for
betterment of society.

Different types and classification of business
organisations in both the public and private
sectors
In Company law 2006, it was classified as matter of fact that there are
several business organisations, which have to work as per guidelines.
Their are some industry only for trading industry and then their shall be
done for the eliminated code of conduct. Their are various rules which
have to be completed. These are either public or private companies.

Sole Proprietorship
Sole Proprietorship: its the self made business where all decisions are
taken by a single person. No other interference is faced by this type of
business.

Partnership Firm
Partnership Firm: this is an contractual relation of agreement
between tow parties. It includes their ratio of workings and the ratio of
duties and responsibility shared by both. It is a legal bind and any
breach in it can cause several legal issues.

Private Company limited by Share
Private Company limited by Share In this, those companies are
included which are formed with the help of limited number of people.
The liability of all the member within this organisation is limited to
their shares. The shares of this company can not be traded publicly but
it can be transferred to the stakeholders of the business and family
members of all members.

Critical evaluation of the advantages and
disadvantages of different legal structures
People who starts different type of legal structure of business, they
firstly decides that what are the major benefits and disbenefits of it as it
matter the most. While talking about Sole proprietorship, the main
advantage that investor get is that they are able to start their business at
low amount of capital.

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In aspect of Sole proprietorship,its very low amount of capital
investment due to which it cannot grow that much. Sometimes its
considered as a disadvantage since one has to accumulate all the
decisions together

How different organisations are managed
and funded in both public and private
sectors.
In modern era, all legal aspects are changing and due to which society has
to either change or bring change. Generally uk law is considered to be
rigid, but its been noted that they are changing with time. Private sector is
developing in a boost and public is more aware of their duties and
responsibilities.

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Limited Companies These organisations are performing their activities
at a huge level due to which the management of the operations is
essential. For managing their work these business firms are taking
help of manager, company secretary, shareholder, directors and
others. Other, in order to maintain appropriate funds they are using
shares, peer to peer lending, debentures and other resources.

Conclusion
The things which can be concluded from the power point presentation
is that the legal aspects and conclusion one has to follow up are
different for every case law. All such provisions and guidelines which
have to be concluded are to be disposed off and have to be corrected.
Organisations have to work as per them and be legally bind by law.