Business Law Analysis: Reorganizing IOM Solutions & Legal Entities

This report examines the business law implications of reorganizing IOM Solutions, a company currently operating as a sole proprietorship under Sam's management. The report identifies various business organization types available to IOM Solutions, including sole trader, partnership, and limited liability, detailing their characteristics and suitability for the company's growth. It further explores the legal consequences associated with different business entities, such as unincorporated and incorporated businesses, public and private organizations, and sole proprietorships and partnerships, within the United Kingdom's legal framework. Ultimately, the report recommends that IOM Solutions consider transitioning to a partnership model to leverage shared responsibilities, mitigate risks, and facilitate future expansion while adhering to relevant legal and ethical business regulations. Desklib is a platform where students can find similar solved assignments and study resources.