Business Law Report: Organization Types, Legal Solutions and Disputes

This report provides a comprehensive overview of business law, encompassing various types of business organizations such as sole proprietorships, partnerships, joint ventures, and limited liability companies. It delves into the advantages and disadvantages associated with both unincorporated and incorporated business structures, offering insights into their formation processes, including the necessary steps and documentation. Furthermore, the report explores different methods for resolving disputes, including negotiation, mediation, and conciliation, alongside a discussion on the sources of legal advice. It concludes by emphasizing the significance of business laws in regulating organizations and ensuring their effective operation, with references to relevant academic sources.

BUSINESS LAW

Table of content
• Introduction
• Types of business organization
• Advantages and disadvantages
• Legal recommendation
• Conclusion
• References

INTRODUCTION
• This presentation is based over business law which are the laws that has
been making an organization develop itself. Under such laws business
organization is bound to follow rules which have been made. In this
presentation different kinds of business organization is covered with ADR
within it.

Different types of business organizations are legally formed
• Sole proprietorship: In these business organization only small business
entity is been started and is been handled by one owner. This person is
known as sole proprietor and holds no liability over such type of
organization.
• Partnership: Under it various kinds of business makes two parties from
agreement between each other and common motive is to earn profit. In this
liability is been earned by partners which is limited according to investment
don by partners. Under the partnership liability exists within partners over
agreement. All the partners are responsible for business.

Different types of business organizations are
legally formed
• Joint Venture: In this different kinds of business or more than two
organization combines together which makes business formation
possible in more impactful manner which makes liability distributed
accordingly.
• Limited liability company: This makes business entity attains various
kinds of rebates over payment of tax. Under limited liability owner
and partners work together over forming an hybrid environment which
makes corporation and partnership firm formed together.

Funds can be arranged in following ways which
are as follows
• Through issuing of various its shares within
• By selling bonds and debentures or with the help of loans from
bank
• In this best suitable method over raising fund is through crowd
funding
• Also funds can be arranged through private financial
organizations

Advantages and disadvantages of unincorporated
and incorporated business
• Advantages:
• Organization is been formed through right of perpetual succession.
• In this main advantage is been based over its easiness in way to sue within
various kinds of business.

Disadvantage
• :
• These organization is not easy to be disclosed once an
organization is been incorporated.
• In order to form it time and money is required.
•

Continuation
• Advantages:
• This is not mandatory over filling of annual accounts.
• Different kinds of business make lower cost developed in relation over
cost compliance.
• Disadvantage:
• In this no legal contract is been formed within the company and does not
have any time.
•

Incorporated Association formation process:
• Name and address is required to be decided and attested in proper manner.
• Nominated shareholders and mangers is required to be attested.
• Memorandum of Association is required over making nomination done for
business management.
• Must take approval for each stakeholder and designed the Article of
Association.
• Responsibility of person that all the documents is submitted in proper manner.

Unincorporated Association process:
• Objective is required to be set
• Contract or agreement is to be formed within which two or
more partners is there.
• Under association liability is not limited it is essential ovre
amount of shares.

Recommend legal solutions for resolving a range
of disputes
• Negotiation: It is one of the most commonly used methods
over solving of issues which is based over making parties to
reach to common point of discussion. In this managing is done
upon matters which have been manually making adjustments
done over making changes done in possible manner. Under it
third party is been hired which makes both parties come to an
common point of interest which makes issue solved without
going to court.