Business Law Report: Analysis of Business Organizations (BUS101)

This business law report provides an overview of different types of business organizations, classifying them into public and private sectors. It explains legal structures like sole proprietorships, partnerships, and corporations, offering specific examples for each. The report critically evaluates the advantages and disadvantages of these structures, analyzing how organizations are managed and funded, including limited companies, social enterprises, public corporations, and cooperatives. It also includes a conclusion summarizing the key aspects discussed, along with references to relevant academic sources. The report aims to enhance understanding of business law and the operational aspects of various organizational forms.

Business Law
(TASK 2)

Content
-Introduction
-Explaining different types and classification of business organisations in both the public
and private sectors, providing specific examples to illustrate different legal structures.
-A critical evaluation of the advantages and disadvantages of different legal structures
-Critical evaluation of how different organisations are managed and funded in both public
and private sectors e.g. limited companies, social enterprises, public corporations, co-
operatives.
-Provide a specific example of each.
-Conclusion
-References

Introduction
Law is created for betterment and development of society. This body of ode and conduct have
binding legal structures which act in effect and force with prescribed, recognized and shall be
enforcing many controlling authorities situated in country's law. This law is created by parliament
and no other legal body can over rule its final judgement. These laws are created to punish people
with wrong intentions and actions and protect innocent victims by giving them compensation to
ease their issues. This is created for protecting and making people avoid any illegal work which
will cause harm to society and the environment of business.

Explaining different types and classification of business
organisations in both the public and private sectors,
providing specific examples to illustrate different legal
structures.
Their are many types of business organisations which are mentioned below and
explained briefly:
1. Sole proprietorship: This types of partnership needs to be taken seriously by one
person only. there is only a single person who handles all the things in the business.
Here, all liabilities and duties are of a single person. the main business handle is to be
complied as per the decision made by sole proprioceptor one can employee people for
working but no decision for company will be taken by them.
– Legal structure: As such no legal structure is in this type they can just go and
register in local office of city and start the business.

2. Partnership: In this type two or more than two people need to share all responsibilities and
duties between them generally it is legally bind in nature and all ratios of sharing and distributing
profits and duties is mentioned in them.
Legal structure: In this for of organisation one has to analyse the term where it is clearly
mentioned in contractual agreement.
3. Corporation: In this type all people are considered employee and organisation is treated as a
separate entity in nature. Here the partners and directors who handle the whole business and
employee people to work for them.
Legal Structure: In this a proper company is registered in government approved after having
at least two directors and a limited capital investment. As per guidelines of government and
working policies of company the code of conduct is followed.

A critical evaluation of the advantages and disadvantages of different legal
structures
DIFFRENCIATION
OF :
SOLE
PROPIROTOSHIP
PARTNERSHIP CORPORATION
ADVANTAGE Here, all decision
are taken by one
person. Their is no
delay in taking
decisions. Also no
extra discussions
are made.
Here, all duties and
responsibilities are
divided between all
partners and one
person shall not be
liable for all things.
Here, work is
distributed as per
work. Skilled
professionals have
to work as per
environment.
DISADVANTAGE Due to low capital
investment ,
business out let is
very small and does
not give a lot of
profit unless
expanded a little.
Due to multiple
brains decision
making can get
delayed due to
which work can get
compromised.
Due to so many
directors and
people involved
things can get little
messed up in
environment

Critical evaluation of how different organisations are managed and funded in both
public and private sectors e.g. limited companies, social enterprises, public
corporations, co-operatives.
Categorised by: Limited companies Social enterprises
management They are managed by
directors and each
person is liable for their
work. Generally it id
guided by its directors
and stakeholders.
Here the public has to
take decision as per
demand and needs to
full fill in society.
funded Through selling stock
shares and many
investment through
sponsors.
The public and many
sponsors which are
donating for society
change are main
source of funds here.

Critical evaluation of the advantages and
disadvantages of different legal structures
Categorised by: public corporations co-operatives.
management These are managed by
their owners or charity
funders. Specific zone
of helping society is
decided by them only.
They cooperate and
work in the environment
The work is completely
divided between
employees and
employer and no mixing
of work or discussion is
exchanged.
funded Funded through charity. Selling stocks, assets
and generating benefits
from investment.

How different organisations are managed
and funded in both public and private
sectors.
In present modern era, all such files are to be stipulated on many terms. It
has to work as per the funding are given to organisations. It is very
essential for them to include and conclude factors as per budget set in the
organisation. These organisations are funded through correct implications
and moderate working terms which shall be in texted over the fact of
making any such regulations as per guidelines in the findings

CONCLUSION
Conclusion
The power point presentation mentioned above tasks about all crucial
aspects of understanding business and its various needed elements , also all
such important aspect shave to be done in the maintained organizations. All
organization are briefly explained with their legal structure and also their
management and funding are provided as per public and private sector
division.

References
Dine, J. and Koutsias, M., 2019. The Three Shades of Tax Avoidance of
Corporate Groups: Company Law, Ethics and the Multiplicity of
Jurisdictions Involved. European Business Law Review. 30(1).
pp.149-181.
Wachter, S. and Mittelstadt, B., 2019. A right to reasonable inferences: re-
thinking data protection law in the age of big data and AI. Columbia
Business Law Review.
Teubner, G., 2019. Global Bukowina: legal pluralism in the world society.
In Critical theory and legal autopoiesis. Manchester University Press.

Thank You