Business Law Report: An Analysis of Business Law Principles

This report delves into the core aspects of business law, exploring diverse sources such as human rights law, legislation, EU law, and case law, emphasizing their significance in protecting businesses and individuals. It examines the government's role in law-making, outlining the legislative process from bill introduction to final reading, and the impact of recent reforms. The report further analyzes the influence of employment, company, and contract law on business operations, highlighting the distinctions between legislation, standards, and regulations. It explores the legal formation of various business organizations, including sole proprietorships, partnerships, and corporations, while also assessing their respective advantages and disadvantages. The report concludes with recommendations and emphasizes the importance of business law in ensuring fair judgments and protecting against illegal activities.

Business law

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
P1: Explain different sources of law...........................................................................................3
P2: Roles of government in making law along with its application in the justice court.............4
M1 The effectiveness of the legal system in terms of recent reforms and developments...........5
P3 The impact of the employment, company and contract law on the businesses......................5
M2 Difference between legislation, standards and regulations...................................................6
P4: Explore how different types of business organisations are legally formed..........................6
P5 Explain how business organisations are managed and funded...............................................8
M3 Assess the advantages and disadvantages of different type of business...............................8
P6 Recommendation Over Cases.................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................10

INTRODUCTION
Business law have been referred as the important aspect which is important to have the running
of the business in effective manners, this is helpful in keeping their business activity in the safe
manner and secure manners in order to have the proper accomplishments of the goals and
objective of business. In this study there will be the clear representation regarding the level of
sources which is helpful in providing the fair judgement to make people protect against any level
of illegal activities (Curto, 2018). In addition, this study have major level of importance over
making the significant laws with aims to decrease the illegals activities such as frauds, crimes
and making a safe country. There will be the discussion of the different role of the government is
making difference between the legislations, standard a regulation in perfect manner. Lastly there
discussion of the formation methods of the different types of the organization will be like
partnership and company.
MAIN BODY
P1: Explain different sources of law
In the context of law, it have been stated as the various sources of law as the law is helpful in
protecting the individual business against the type of lawsuit and illegals activities. There is are
the mainly the major sources of law which will have the discussion as follows as per detail
manner.
Human right law: this have been there important law which is the been developed to have the
imposition in order to provide the protection to individuals of country. All their people who are
loving in the country have the legal way of rights in order to provide them protection against
their illegal’s activities done to them by other. This have been stated as the people tends to make
the protection of themselves against the fraud, crime or any other level of illegal activities. This
is all about the discussed feature which have been developed for providing security to individuals
and masking the country safe.
Legislation: This is law which is created by the legislature as referring to be the body which
have the be clear rights to make the laws. In the legal system of the UK, House of Lord and
House of common are known as important 2 parties. This can be clearly stated as there
legislation have the clear right to have the passing of laws which tends to be applied to the 4
countries of the UK (Hasanov, 2018). There is the approximates more than 8000 members id the
former prays which have been stated as the House of Lords. This have the major level of
3

reasonability to give votes during the making laws . On the other hand, 650 members have the
House of Commons have the right to takes participation in developing the laws for giving votes
for the same.
European Union law:
In this context, it has the said UK is the important parts of the European union. As this acts as all
the law tends to be more level of appealability on he the European Union can be automatically
being applicable on the UK. But the situation of Brexits, UK doesn’t have the foundations for the
EU to follow any regulation made by the EU.
Case law: this is the law which is being followed by the by England and Wales as the mains
countries in the UK along with helping to develop the common law.
Equity- this is the main and effective sources tasking the major level of responsibility for
proving the justices in order to take fair decision. This make the judges easier for tasking there
decision regarding the help of equity and satisfy the aggrieved party in perfect manner.
P2: Roles of government in making law along with its application in the justice court
Government is the main body as the major responsibility to have the protecting the people of
country. This is the context have the importance of government as without whom it is not
possible to have the development of the country, business activities and the function safe
(Cornforth, 2020). This have the step in the developing the law which sows the effective roles
and responsibilities of the government is such as:
Bill: This have the propose legislation or the draft for the new law which is been prepared by
being the passes as the part of legal systems in which is the part of Lord of house Common. This
is the times is in term of making the bills and further processes as provide the impotence
complete stage.
First reading: The proposed legislations have been passed out to be chambers in he the Lord of
House of Common for first reading. This have the main aims for passing the bills as the first
reading to sure all elements as being drafted in the right manners along chamber members with
being agreed on the terms and rules.
Second reading: This have the major critic stags as after passing the bills as the members have
stage to be discuss all mains areas. This have the proper evaluations in the team to be part of
detailed manner as by making the proper level of discussion per there areas tasking to in term
finding the requirements for the changes in order to make it effective.
4

Committee stage: This have the stage to take their proper analysing the bill from the front to
the ned. This have the major level of aims in order to make the assisting the body group to take
the effective decision regarding the making of law (Costa and Maganaris, 2019). This is been
proper revived by their peers. on the other hand, the house of common have the existing all level
of detailed information’s which is consisting the bills for making the decision.
Final reading: As after the passing the proposal the bill have the all members to be being
presented as the house of common in order to make the finals decision as whether to accept and
rejects it. This have the involving the major decision as the voting to been conducted to make
the final decision.
M1 The effectiveness of the legal system in terms of recent reforms and developments.
Every country has the managing of own legal systems, taxations and rules which is need to be
followed by the people of the country as every sector of the industries and business as the nature.
It tends to be made the people be safe against the any level of illegals action and differ lawsuits
for the business. In the context UK, there have been there 4 countries such as England, Scotland,
Wales and Northern Ireland. There are some laws which are being applied to throughout the UK
and some are applied to 2 or 1 country. As the recent level of reform have taken place in order to
make the legal protection of the individuals regarding the negative impact of the BREXIT on the
individuals. This have been stated as the people protection against the fraud, crime or any other
level of illegal activities. This have been developed for providing security to individuals and
masking the country safe. This make the judges easier for tasking there decision regarding the
help of equity and satisfy the aggrieved party in perfect manner
P3 The impact of the employment, company and contract law on the businesses
Employment, contracts and company law have the considered o be the important laws b with
the help of all parties make the proper level of involvement in these law to get the proper level
of protections as well as security.
Contract law
This is the law which have the clear statement of the both the parties in order to make the proper
usage of rights and obligations in order to provide protection of themselves against any level of
illegal acts by other party and protects themselves. This have the statements in terms of the all
legal entities of the partnership as all the types of the firm needs proper requirements to make
5

proper executions in construct as by maintaining the proper documentations. This tends to have
protesting of themselves against any harms which can have happening due to the breakage of
rule by any of parties.
Company law
This have the regulations in term of the incorporation of the company as it has the telling the
ways in way to make the proper conducting of business and major level of compliance have been
the need to be made by the each and companies with the respective governments order for
maintaining the transparency.
Employment laws
This is the law which tends to have the development in way to provide the right and protection
to the employer and employees for any level of illegals action or harms (Vanino, Roper and
Becker, 2019). This can be understood as the employee have the breakage of rules in term of
employment laws. This is the situation where the employer has the rights to fire or terminate the
one. On the other hand, employer have the proper binding the proper safety to the employees
along with not making any level of discrimination in the employee in term of the providing
minimum wages etc.
M2 Difference between legislation, standards and regulations
All the level of positive effect has the major requirement for the maintaining effect performance
of the business by masking the individual to have the following of rules and regulations.
Standards:
This can be defined as the proper level of guidelines which make the allowing the companies as
the proper way have greeting of the work for their product in their system. In this content to have
individual have been stated as work done for products and systems. This is the context this have
used in the defective mannered as people of companies for maintains the can maintain quality,
efficiency as well as safety
Regulations: this have been referred as the detailed level of instructions which have been also
knows as their different level of rule or the parts of the administration’s aspects. This have the
showing how the laws are to be carried outs as there is the need for the application is must.
Legislations:
On the other hand, this stated to be the system which have the following of the detailed system
consisting of the different rules and regulations as being made by governments of a state, city
6

and country. In addition to have the need to be made by the each and companies with the
respective governments order for maintaining the transparency.
P4: Explore how different types of business organisations are legally formed.
The business firm maintain the proper level of establishing of the business entity have the made
formation of business as different circumstances as the nature of the business to be fur way
which is needed to be setup such as sole proprietorship, partnership, corporation, and limited
liability company or LLC (Connolly and Jackman, 2017).
Sole Proprietorship
This have the simplest business entity have the minimal levels of requirements as term of social
security by the necessary level of permits and licenses. This have the government involvements
and taxations as compared to be other business. there is less level of conflicts in the partners and
the associate of family which are non-existents. In this business theory can jeopardize their own
personal assists as the business is facing any level of financial issues. This have individuals to be
successfully operating the type of business as 100% reasonable for decision and raising capital.
Partnership
The firm is tending to be organised as more individuals as the partners ion the written
agreements to have operating the business. This have been fairly principles which is simple and
inexperience’s have the won set of the tax and liability issues. This will be hiring he
responsibilities to make the raising the capital in making the important decision. On the other
hand have the negative impacts as more level of unresolved issues which will make the
endangering there business need to be having proceed with caution.
Corporation
This is considered to be the flexible company have their character as the number of legal rights
to accomplished. This firm have separate legal entity providing the protection as personal legal
actions of getting the business s sued. There is the great level of deal of scrutiny and helping to
takes accountable action. The ownership tends to be transferred as sailing of stocks in order to
have the controlling the corporation interest.
Limited Liability Company or LLC.
This is the business which have been owned by the various level of entities which have the
inclusion of the including individuals, trusts, other LLCs, and corporations (Austen-Baker 2017).
7

There is the supercilious level guidelines as making the partnership taxed as been requiring there
bit of paperwork. This tends to make formations and operating the ensuring more as taxes of the
corporation.
P5 Explain how business organisations are managed and funded.
There have been the lot of queries in relation to the issue of the funding for the small business.
There is the clear level of dependency on the business, the significant almost which is being
required along with the cost for obtaining it.
1. Raise of equity
This tends to be traditional way of financing as it make the compliance of security
along with completing all level of formalities allowing the numerous level of
shareholders s to make the stake and votes for the corporate manner.
2. Venture capital
This the common small business funding which is seeking h venture capital perform for
taking the keen level of interest to have the savvy helps for the business to run the along
worth expectation and regards.
3. Friend and family
Many of the individuals have there reserving of the business funds from the respective
family along with friends which can ta ether form of loans along with other type of
contribution in the effected manner.
4. Equity crowdfunding
There is the new concept to deal under securities as the review phases of the Securities
and Exchange Commission. This tend to be the parts of the funding as the companies to
have the getting the funds through offering the level of shares to the respective general
public without tasking any significant hurdles.
5. Government Grans
This is term to be regarding the loans for the small business which have the forming of the
federal and state government over making the possibly local governments (Graziano, 2019). This
have the access level of financing in terms of handling the government grants. As theory have
the pros to be not having the need to b paid backs along with handling difficulty to have the
clearance of the government’s norms.
8

M3 Assess the advantages and disadvantages of different type of business
Sole Proprietorship
The owner has receiving all profits as taxed as ones as to make the rights in all decisions and
control of the company in the existent and least experience.
Partnership
This have the established the separate the legal status by proving the liability protections have
compensatory skills. There is the perception and partner opinions individuals’ partners.
Corporation
Have the limited liability but required administrative duties
Limited Liability Company or LLC.
Have the most common business trustee but costly to form yearly administrative cost. There is
the supercilious level guidelines as making the partnership taxed as been requiring there bit of
paperwork.
P6 Recommendation Over Cases
As per the case have to be discussed as per the construct law the situation of the firm is strong
enough handling the financials positions and earring the healthy profits. So, the manager of the
company the certain level of obligation rigidising the pay the amount to Gordon (Barnard, 2017).
It has been recommended as term ear the section 1 of employment contracts have the holding
there rights as employs considering the own property’s. This will be termed as the remedy for
the non-beaching party by pouting backs the firm into the positions the positions it was prior to
the beach while cancellation of the contracts voids along relieved all parties with analysis
obligations under the agreement
Case 2
As per the inclusion of their contract of jean and virgin media have he tendency to take the
caller fusilier in the terms of the establishment of the interest packages over the contractual dates
as breach of contracts. This have been unfitly for the virgin company’s in order to have the
sending of the invoices for the telephone line for the 3 weeks when the situation of the telephone
was still not connected. In this situation jane have the complete right to take action ageing the
company regarding the poor level of workmanship under the contract will have the pursuing the
associate level of damages due to the breach of contract. The firm have the right to make the
9

implementation of the negotiation as the fastest and cost-effective level of strategy for the
resolving the breaches of contract
Case 3
The situation of the compulsory windup have been there winding up the insolvents company as
the part of the legal procedure to make the resolve form the hose register at the immediate effect
(Zahn, 2018). As the result, the company have the received the petition for the compulsory
winding up. As to have the avoid the situation, the firm have the validity of option as
On have the significant paying off the debts which will make the ensuring over the company
as over the full and final settlements . this will have resulting in withdrawing the Winding Up
Petition upon receipt of the payment.
To put the company in the situation of the creditors voluntary liquidations as this will make
the selling of the company asserts as much as possibly to include the value of company.
Put the company for administration
This will have the providing of the immediate protections form eth recovery of the creditors
along with legal protections for the moments (Howells, 2017). This have the involvement of
major complexities but it will be provide time to take effective decision making,
CONCLUSION
From the above report, it can be concluded as Business law helpful in keeping their business
activity in the safe manner and secure manners in order to have the proper accomplishments of
the goals and objective of business. UK acts as all the law tends to be more level of appealability
on he the European Union can be automatically being applicable. In the context UK, there have
been there 4 countries such as England, Scotland, Wales and Northern Ireland. This can be
defined as the proper level of guidelines which make the allowing the companies as the proper
way have greeting of the work for their product in their system. The ownership tends to be
transferred as sailing of stocks in order to have the controlling the corporation interest. As theory
have the pros to be not having the need to be paid backs along with handling difficulty to have
the clearance of the government’s norms. The situation of the compulsory windup have been
there winding up the insolvents company as the part of the legal procedure to make the resolve
form the hose register at the immediate effect
10

REFERENCES
Books and Journals
Online
Curto, J.C., 2018, April. Exploring Legal Terminology: Types of Business Organization in the
United States. In Ideas (Vol. 3, No. 3).
Hasanov, S.S., 2018. The formation of the property of religious organizations in post-Soviet
states. Opción: Revista de Ciencias Humanas y Sociales, (87). p.12.
Cornforth, C., 2020. The governance of hybrid organisations. In Handbook on Hybrid
Organisations. Edward Elgar Publishing.
Costa, D. and Maganaris, E., 2019. SALFORD BUSINESS SCHOOL.
Vanino, E., Roper, S. and Becker, B., 2019. Knowledge to money: Assessing the business
performance effects of publicly-funded R&D grants. Research Policy, 48(7). pp.1714-1737.
Connolly, E. and Jackman, B., 2017. The Availability of Business Finance. RBA Bulletin,
December, pp.55-66.
Austen-Baker, R., 2017. Implied terms in English contract law. Edward Elgar Publishing.
Graziano, T.K., 2019. Comparative contract law: cases, materials and exercises. Edward Elgar
Publishing.
Barnard, C., 2017. Brexit and Employment Law.
Zahn, R., 2018. The impact of Brexit on employment law in Scotland.
Howells, G.G., 2017. The European Union's Influence on English Consumer Contract Law. Geo.
Wash. L. Rev., 85, p.1904.
Poole, J., 2016. Textbook on contract law. Oxford University Press.
Rana, S., 2016. Compulsory winding up of companies a study of legislature and judicial aspects.
Chitimira, H., 2019. Overview Analysis of the Voluntary Winding up of Solvent Companies
under the Companies Act 71 of 2008. Acta U. Danubius Jur., p.54.
11

12