Business Law Report: Formation, Management, Funding & Legal Solutions

This report provides an overview of business law in the UK, focusing on the formation of businesses, their management and funding, and available legal solutions. It highlights different business structures such as sole traders, partnerships, and private and public limited companies, outlining the processes involved in their establishment. The report also addresses the challenges in business management and funding, emphasizing the importance of awareness regarding funding options. Furthermore, it discusses various legal solutions that companies can adopt to resolve conflicts, including mediation, arbitration, and counselling. The document concludes that businesses in the UK are governed by specific laws, with formations differing based on business structures, and management and funding approaches varying accordingly. Desklib offers similar solved assignments and past papers for students.

Business law

Table of Contents
Unit 7 Business Law
Introduction
How a business is formed in UK
How businesses are managed and funded
Different legal solutions
Conclusion
References

Introduction
 Business law refers to the body of law that governs the business and commerce.
 It is considered as a branch of civil law involving both the public and private law.

How a business is formed in UK
 In UK the government encourages and promotes the entrepreneurship.
 It can be complex process if the person starting the business is from outside EU.
 The processes for business are different as per their structures.

How a business is formed in UK
 Sole trader
 Partnerships
 Private limited companies
 Public limited companies

How businesses are managed and funded
 The process of management and funding can be very challenging and stressful for
any business.
 Awareness regarding possible funding options can provide flexibility to business
for the future planning and reacting to challenging issues.
 The funding is different for public companies, partnerships and private companies

Different legal solutions
 There are various solutions which the companies and businesses can adopt to
resolve conflicts.
 Companies can choose any of the conflict resolution processes such as Mediation,
Arbitration and Counselling.

Conclusion
 From the above analysis, it can be concluded that the business is the authorized
body which governance commerce and businesses in UK.
 Businesses in UK are formed as per he business structures. It means the
partnerships are formed through registrations while limited companies are formed
through Companies House
 Businesses are managed and funded differently again based on their different
business structures as well.

References
 Connell, J. and Page, S.J., 2019. An exploratory study of creating dementia-
friendly businesses in the visitor economy: Evidence from the UK. Heliyon. 5(4).
p.e01471
 Fatouh, M., Markose, S. and Giansante, S., 2019. The impact of quantitative
easing on UK bank lending: Why banks do not lend to businesses?. Journal of
Economic Behavior & Organization.
 Sarah, R. and Vida, A., 2020. Business law. Pearson.
 Singh, J. and et.al., 2019. Challenges and opportunities for scaling up upcycling
businesses–The case of textile and wood upcycling businesses in the
UK. Resources, Conservation and Recycling. 150. p.104439

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