H/617/0736 Business Law Assignment: Company Formation and Disputes

This business law assignment explores the formation of different types of companies, focusing on sole proprietorships. It outlines the advantages of this business structure, such as ease of setup and unlimited liability. The assignment also delves into resolving legal disputes through Alternative Dispute Resolution (ADR) methods, including arbitration, highlighting the benefits of ADR over traditional court proceedings. The conclusion summarizes the importance of understanding company formation and its impact on effective business operations, emphasizing the significance of appropriate management and funding sources to achieve organizational goals. The assignment is a part of the H/617/0736 Business Law module at Nescot and was submitted by Maria Chiper.

Business Law

TABLE OF
CONTENTS
 INTRODUCTION
 ACTIVITY TWO
• Formation of Different Types of Companies
• Resolving Legal Disputes
 CONCLUSION
 REFRENCES

INTRODUCTION
The ability of a company to deal with
challenges successfully and efficiently is aided by
business law. It is necessary for the successful
establishment of a business. The PPT explores the
many types of business organizations, as well as
financial sources and management of business
operations.

ACTIVITY TWO
Formation of Different Types of Companies
Sole Proprietorship
A business that is solely owned and run by a single individual is
referred to as sole proprietorship. The corporation is the most common
type of business structure. This type of business is simple to set up, and
the liability is unlimited. For example, freelancing, artisans, and so
forth.
Advantages:-
1. Ease of Starting a Business: There are no lengthy paperwork or
complicated legal requirements to start this type of business.

Resolving Legal Disputes
Alternative Dispute Resolution (ADR) is a mechanism for resolving conflicts without
going through the court system. The method aids in the cost-effective resolution of
conflicts outside of the courtroom. In comparison to other court hearings, the process
is discreet and takes less time. Some of these approaches are discussed below:-
• Arbitration: It is a procedure aimed at resolving conflicts between parties in a fair
and consistent manner

CONCLUSION
The second activity looks concludes the different formation of companies
with their advantages and disadvantages in the business environment. Furthermore,
the types of companies are accompanied by their distinct management and funding
sources in order to achieve organizational goals effectively and efficiently.

References
Dinçer and et. al., 2021. The strategic importance of quality training given to
personnel: An evaluation for nuclear energy companies. Management Strategies
to Survive in a Competitive Environment: How to Improve Company
Performance, p.349.
Argus, D. and Samson, D., 2021. Brambles: Dual Listed Company Structures. In
Strategic Leadership for Business Value Creation (pp. 459-488). Palgrave
Macmillan, Singapore.
Moscati, M.F., 2020. Negotiating within legal ambiguity: same-sex partners, family
disputes and negotiation in Italy. In Comparative Dispute Resolution. Edward
Elgar Publishing.