Business Law Report: Organization Types, Management and Disputes

This report provides an overview of business law, focusing on different types of business organizations, including public limited companies, private companies, and partnership firms. It explores how these organizations are managed and funded, detailing the roles of promoters, shareholders, directors, and investors. The report also addresses legal solutions for resolving disputes in financial and employment departments, discussing the roles of banking ombudsmen, financial dispute resolution services, and grievance portals. The analysis highlights the importance of legal frameworks in ensuring the effective operation and management of business entities, providing insights into the mechanisms for handling financial and employment-related conflicts within organizations. The report emphasizes the significance of adhering to legal rules and regulations to maintain the smooth functioning of business operations.

BUSINESS LAW

Table of Contents
INTRODUCTION...........................................................................................................................4
LO3..................................................................................................................................................4
P4) Explain the different types of the business organization......................................................4
P5) How the business organization are managed and funded.....................................................6
LO4..................................................................................................................................................7
P6) Recommend appropriate legal solutions to resolve the areas of dispute..............................7
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
A law firm is the business firm which is made by the one or more lawyers. These lawyers
are the practicing lawyers which are working together under one roof. The motive of the firm is
to provide the legal services to the customers which want the legal services like providing the
law related advice and the also that they would be accomplished by the lawyers in the firm.
These lawyers are handling the criminal case and the legal disputes among the people and the
organization. The report consist of the law firm and the firm is solving the dispute of the
company (Hope and Vyas 2017). Different types of the business organization are discussed in
the report. Some recommendations which include the legal solution which will solve the dispute
in the effective way.
LO3
P4) Explain the different types of the business organization
In the business environment there are different types of the business organization which
are working effectively. These organizations are contributing the economy to achieve the growth.
Business organizations are made according to the facilities and the funding of the promoters.
Promoters are one which are making the organizations.
Public limited company
These organizations are formed by the public which are investing in the company by the
form of the shares. The public is investing in the company in the form of the shares and these
shares are invested by the large amount of the public which would be paid from the profits
according to their shares. Initially the promoters of the company are placing the plan above the
members which would be joining the company. After the approval of the promoter and the
members the file is prepared on the name of the company and submitted to the registrar of the
companies (Brink Lowe and Victoravich 2017). After the approval of the registrar the fund is
generated for the public. All the details of the company must be mentioned in the company file
before submitting to the registrar. The file consist of the company mane of the company,
registered office of the company, and the share capital of the company and the whether it is
public company or not, prospectus details and the details of the statutory meetings as well. In the
public company the shares are issued in the form of the equity shares and preference shares as
well. The equity share holders have the right over the company and also have the right to
participate in the company matters of the company (Smith 2018). The preference share holders

do not it has the right to participate in the company matters they only have the collect the
dividends. Dividends are the amount of the profits given by the company to the share holders on
the basis of the investment. The public companies have the word limited after the name of the
company.
Private company
In the private organisation the members of the company are the members of the family or
the private close friends. The private company consist of the investor but these investors are
friends and the family members. In the private company the promoters are Friends and the family
and these all make the plans' and also file is formed for submitting the registrar (Brivot Roussy
and Mayer 2018). The file contains the name of the company, address of the company, share
holders of the members and the promoters of the company. In the private companies the
prospectus is issued because the fund is generated from the friends and family but in the public
company the fund need to be generated form the public is the company is issuing the prospectus.
The private companies are filing the statement in lieu of the prospectus. The government
companies are also investing in the private company for generating the profits. Private company
has the work private limited after the name of the company. Private company would not issue the
prospectus and would not demand the money from the public.
Partnership firms
Partnership firm are made form the partnership between the two friends and family as
well. The partnership firm need to follow the act of the partnership act. The firm need to be
manged by the two partners which are working effectively. Partnership is done in three types
which include the limited liability partnership, limited partnership and ordinary partnership. This
partnership includes the limited liability partnership (Erdiaw-Kwasie 2018). The firms are
generating funds from the partners and the funds are also generated from the other local investors
but nit the public investors. The file need to filed in the registrar of the ministry office which
need to perform the actions in then effective way. Partnership is done in the form of the deemed
partnership. These type of the partnership firms are partnership but there is one different thing in
the deemed partnership firm. In these the partners have the mutual agreement of one would
invest in the company and one would take the firm to the new heights. Other partner which is
deemed is not able to participate in the partnership firm decisions and one partner which would
not be able to invest the capital in the firm. Both the rights and the duties are divided as per the

contribution of the person. The partnership firm is need to be registered at the ministry of the
corporate affairs and the registrar office must have the details of the firm.
P5) How the business organization are managed and funded
The business organization are managed legally and funded by the legal rules and
regulations. These business organization need to be managed by the members and also are
generating the funds as well.
Public limited companies
public limited companies are working effectively and managed and funded as well. The
promoters which are commencing the company are working in the efficient manner. The
promoters are selecting the members of the company which include the higher authorities of the
company. Higher authorities of the company include the share holders which have invested in
the highers amount and the chairman and CEO of the company as well. These members are
managing the company. The members are called the board of the members which also include
the directors (Goodman and McLelland 2016). The directors of the company can be 3 directors
and the one of them will have the power to sign the documents and also use the seal of the
company. Public companies are generating the funds to run the business from the shares. The
shares are the share of the amount which the person is investing in the company for raising the
profits in the accumulated profits. The people which are investing the company in the form if the
shares and the shareholders. People would sell the shares and also buy the shares when ever they
want. Public companies are also raising the funds through the debentures. Debentures are the
loan taken by the company for the rate of the interest and the company has to pay the loan after
the maturity of the time. The company would pay the interest to the debenture holders after the
period.
Private limited companies
Private limited companies are managed and funded by the private sectors. The company
is also managed by the directors and the chairman of the company. Private company must have
the two directors for the running the business. These directors and the CEO are organizing the
meetings and managing the work in the effective way. The funding in the private company is
done by the help of the private investors. These are also called share holders but the share
holders are managing the Company in the effective manners. The company need to follow the
rule sand regulations of the companies act 2006. Act contains all the laws for the companies

which want to work in the effective manner. The investors in the private company cannot be
changed easily because the share holders of the company are friends and family and which
cannot be changed. The government companies are investing in the private companies for
earning profits. Private firms are bringing the funds through the foreign direct investment. Global
companies are investing in the private companies for increasing in the business. Through these
the foreign companies are building their market in the country. Private companies are also the
foreign companies which are entering the country for increasing their business. The private
companies are slowly investing in the government companies are slowly the private companies
are capturing the government market (Mankame and Bhoyar 2017).
Partnership firms
partnership firms are the firm which are based and running on the partnership of the
promoters. The promoters are proposing the plan to start the business. The partners have agreed
the proposal, and they have started the business. Both the markets are managing the business and
the firm. In the partnership firm one can be deemed partner and one would manage the work. In
the deemed partnership one is investing in the partnership firm and one is ready to work for the
firm. Profits of the partnership shared among them effectively but the work and the capital is
divided among them. The funds in the partnership firm are generated form the partners which are
investing in the firm. In partnership firms the funds are bought by the partners and the partners
could not exceed the two partners. The funds in the partnership firm are used in the way of the
capital and the funds is provided to the partners at the time of the winding up of the firm.
Partnership firm would invest in the venture capital fund and also the firm would take the loan
for investing in the business. Some companies are also investing in the partnership firm for
making the investment and earn profit at the initial stage (Beck Francis and Gunn, 2018). Public
and the private companies are investing in the partnership firm. The partnership form has to
make the partnership deed for making the partnership valid in front of the law.
LO4
P6) Recommend appropriate legal solutions to resolve the areas of dispute
The organizations are using various strategies for solving the disputes in the company in
the financial and employment department.
Financial

In the company there are various disputes between the employees for the financial
problems. So the company has bought up with the legal authority of the company which would
work for the financial disputes (Asghar, 2016). The company is starting the banking ombudsman
and the insurance financial service ombudsman which are working for solving the disputes
among the employees which are working in the company. It would provide the banking services
and the insurance services to the employees. Company and government has also bought up the
financial dispute resolution services. In these the employees would register their grievances
relating to the company and the company and the government would try to solve the disputes and
take strict actions against the company of the com any is in the fault. Company has also came up
with the financial service complaints limited. It includes the financial companies and the law
firms which are giving the advice to the companies for solving the finance related disputes.
Through these boards the company is trying to solve the financial disputes which are raising in
the company (Whiting Gammie and Herbohn 2015).
Employment
In the organisation employees are facing several disputes on of them is related to their
employment. The employees of the company are not satisfied with the company services, and
they are willing to work in the company. So the company has started the grievance portal for
employees and for solving the disputes of the employees. The employees need to solve the
disputes for improving their performance in the company. Company has come up with the
feedback and review strategy in which the company would fulfill the wishes of the employees
and the company would provide the feedback and the reviews to the employees which re not
working effectively. So the employees would feel motivated and the encouraged for working in
the company. The company is satisfying the redress program for the employees in which the
employee would register the portal and after the inquiry the issued would be solved and the
culprit would be punished. The company is coming up with the new amended policies for the
solving the disputes of the employees in the company (Agarwal, and et.al., 2019). This polices
contain the necessary rules and regulations which are working in the company and the company
need to work in the efficient manner and follow the rules and regulations.
Legal solutions and the legal advice given by the firms to the companies are useful for
the company. Organization are facing with the many disputes regarding the finance and
employment and the legal solutions and the legal advice are helpful for the organization and the

employees which are working in the organization. The company is working to solve the disputes
and the company would work in the effective manner. It would also improve the performance of
the company. Legal solutions are provided form the acts and the guidelines made by the
government for the employees and the company. If these rules and the regulations are not
followed than the employees would be affected by the disputes and the company would also
suffer due to these disputes. The disputes include the employees problems in the company which
would include the strike of the employees and the lock outs in the company. The company and
the employees of the company has to follow the rule sand the regulations for strikes and the lock
outs (Iskandar 2017).
The company and the employees had to follow the rules and due to that the company
would not fire the employees before notice nor the employees would not leave the company
without the prior notice. Employees of the company are workings efficiently but if the conditions
of the employees are not fulfilled the employees would not work in the company and the
employees which would not leave the company would result in the strikes. So these disputes of
the company and the employee are solved by the legal advice and the legal solutions.
CONCLUSION
From the report provided above the legal requirements for the business and the disputes.
Business organizations are of many types which include the public companies and the private
companies and partnership firms as well. These organizations have their own specification and
the characteristics which are different form every one in the organization. The company is
working effectively and also the rules and regulations of the companies act are applied on the
companies which would include the solutions for the disputes as well. The problems faced by the
employees are discussed in the report and the report would also include the legal solutions and
the legal advice for the disputes in the company. Organizations are working effectively and not
following the rules and the regulations and also exploiting the employees so the government has
come up with the acts for protecting the environment.

REFERENCES
Books and journals
Agarwal, and et.al., 2019. Private company valuations by mutual funds. Available at SSRN
3066449.
Asghar, M.S., 2016. Limited Liability Partnership in Pakistan: An Overview. Available at SSRN
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Beck, M.J., Francis, J.R. and Gunn, J.L., 2018. Public company audits and city‐specific labor
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Erdiaw-Kwasie, M.O., 2018. Does pressure-induced partnership really matter? Empirical
modelling of stakeholder pressure and firms’ CSR attitude. Social Responsibility
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Goodman, D.H. and McLelland, M., 2016. The implied private company pricing line (IPCPL):
On the nature, scope, and assumptions of IPCPL theory. Business Valuation Review.
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Hope, O.K. and Vyas, D., 2017. Private company finance and financial reporting. Accounting
and Business Research. 47(5). pp.506-537.
Iskandar, M., 2017. Perception of capital, profit and dividends affect the stock purchase intention
in Indonesia public company. Junior Scientific Researcher. 3(1). pp.9-18.
Mankame, O.H. and Bhoyar, P.K., 2017. Corporate Governance in Partnership Firms. Journal of
Applied Management-Jidnyasa. 9(2). pp.32-36.
Smith, J., 2018. Investor Reactions to the Enforcement Actions of the Public Company
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Whiting, R.H., Gammie, E. and Herbohn, K., 2015. Women and the prospects for partnership in
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