Business Law Report: Business Forms, Management, Funding, and Laws

This report provides a comprehensive overview of business law, focusing on the legal framework governing business operations. It begins with an introduction to business law, defining its role in regulating companies ethically. The report then delves into different types of business organizations, including sole trader businesses, partnerships, and limited companies, detailing their characteristics and legal structures. A significant portion of the report is dedicated to examining the management and funding aspects of each business type. It explores how sole traders, partnerships, and limited companies are managed, highlighting the decision-making processes and the roles of owners and partners. Additionally, it discusses the various funding options available to each type of business, such as personal investments, loans, and the sale of shares. The report concludes by emphasizing the importance of adhering to business laws for successful operations and includes references to relevant academic sources. This report aims to provide a clear understanding of the legal and practical aspects of different business forms and their operations.

7 BUSINESS LAW

TABLE OF CONTENT
 INTRODUCTION
 DIFFERENT TYPES OF BUSINESS
 MANAGING AND FINDING OF DIFFERENT FORMS OF BUSINESS
 CONCLUSION
 REFERENCES

INTRODUCTION
 Business law is defined as the regulating body which
governs the working and operations of the company in
good and ethical manner.
 The law are the rules and regulation which the company
has to follow in order to manage the all operation and
activities of the business as suggested by the laws

DIFFERENT TYPES OF BUSINESS
ORGANIZATION
 Sole trader business- this is a form of business in
which the single person starts the business by
investing their own personal capital.
 This is a very low cost business as this is owned
and managed by a single person only.
 Here the owner is solely responsible and liable
for both the profit and losses for the company.

CONTINUED..
 Partnership- this is a form of a business wherein
two or more people come together and then
work in managing the business in successful
manner.
 This is a lawful undertaking in which the
partners share the profit and losses in an agreed
proportion and are liable in the equal manner

CONTINUED..
 Limited company- the limited companies are the one
in which the liability of the partners is limited up to
the share they have invested only.
 These company can be limited either by shares or by
guarantee.
 Under this type of company, the partners are legally
distinct from one another and the finance are also
separate from the personal finance.

MANGING AND FUNDING OF BUSINESS
 Sole trader business- This type of firm are managed by
the person who established their business individually.
 Owner makes all business and management related
decision without taking any suggestions from other
people.
 The only ways to receive and obtain funding is through
personal resources such as by seeking out varied loan
options and personal bank accounts.

CONTINUED..
 Partnership- Business related decision in this kind of
organization taken by both business partners, and they
both are equally accountable for profit and loss.
 Partners manage company and assume accountability
for partnership debts and other things.

CONTINUED..
 Limited company- It can be managed by at least one
director who are able to take decision and analyze
current needs of business to gain competitive benefits.
 All business firms need a money to do their day to day
activities and manufacture products for specific target
market which in return increase profitability and
productivity of company even better.

CONCLUSION
 In the end it is concluded that following all the
business laws is very essential as this will provide
a guideline for the company that how they have to
run the business.
 Also, it analyzed the different forms of business
like sole trader, partnership and others along with
ways in which it is managed and funded.

REFERENCES
 Chiu, H. and Barker, R., 2018. Unfinished Work in UK Company Law Reforms-A
Normative and European Perspective to Addressing the Gaping Holes in
Directors’ Duties. European Company Law. 15(6). pp.194-204.
 Du Plessis, J.J., 2017. Disqualification of Company Directors: A Comparative
Analysis of the Law in the UK, Australia, South Africa, the US and Germany.
Taylor & Francis.