Pearson BTEC HNC Business Law Assignment: Business Organisation Types

This report, prepared for a BTEC Level 4 Higher National Certificate in Business Unit 7: Business Law, explores different types of business organizations. The report begins with an introduction and then delves into the legal structures of companies, including sole proprietorships, private companies limited by shares, and public limited companies. It examines how these organizations are managed and funded, highlighting the roles of managers and various funding sources such as personal investment and bank loans. The conclusion emphasizes the importance of complying with business law and the impact of different laws on business operations. The report also includes references to relevant academic sources.

TYPES OF BUSINESS
ORGANISATION

Content
 Introduction
 Types of company & legal structure
 Ways to manage and funding
 Conclusion
 References

Introduction
The investor have number of option
whenever they think that business is
needed to be incorporated. In simple
words, it is the choice of investor
that in which types of company they
want to invest their money, whether
it is private or public.

Types Of Company & Legal
Structure
Sole Proprietorship: These are small in size where interference of any
outsiders is not allowed. It is necessary to understand that only
person have to run whole of the business. If any of the person want
to incorporate any of the sole proprietorship then they must
understand that people must have the national insurance number and
registration should be done for self assessment with HMRC.

CONTINUE...
Private Company limited by Share: These are the company which
are incorporated by the private investor. The business activity are
not performed at a greater level as compared to other registered
business organisation. The legal procedure to incorporate any of
private company is explained below:

CONTINUE...
Public limited Company: This
are the company where
involvement of public as well
as government can be seen an
there is the option that
company can raise huge
amount of capital from the
market.

WAYS TO MANAGE &
FUNDING
Organisation Who manages activity How fund is managed
Limited
Companies
This types of company
mainly requires manager and
investor to manage all of the
activities.
They main source of fund in it
is through personal investment
and bank loans.
Social enterprises The board of member has the
responsibility to manage all
of the work in it.
There are number of ways to
raise fund i.e., public
donations, government funding
etc.

CONCLUSION
It is understood from the above file that company must comply with
business law if they want to accomplish the target on time. Legal
systems are very crucial for any of the business organisation as they
decide that how company can perform their activities. Different
laws have different impact upon business organisation so it is
necessary to understand that all of the laws must be considered
before taking any of the decision.

REFERENCES
Clarkson, K. W., Miller, R. L. and Cross, F. B., 2014. Business Law:
Texts and Cases. Nelson Education.
DiMatteo, L. A., 2016. Strategic contracting: contract law as a source
of competitive advantage. American Business Law Journal. 47(4).
pp.727-794.
Fici, A., 2013. Cooperative identity and the law. European Business
Law Review. 24(1). pp.37-64.

Thank You