This report examines the structure of a business, focusing on a customized homemade jewellery start-up, addressing key aspects relevant to entrepreneurship. It begins with an introduction highlighting the UK government's support for start-ups and the report's objectives. The main body delves into various legal statuses of businesses, such as private limited companies (LTD), public limited companies (PLC), limited liability partnerships (LLP), guarantee companies (non-profit), and limited partnerships, evaluating their strengths and weaknesses. The report then assesses different finance sources, including angel investors, venture capital, and bank financing, outlining their respective advantages and disadvantages. Furthermore, it identifies and differentiates between three key sectors in the UK economy – primary, secondary, and service sectors – and their contributions. Finally, the report discusses the importance of HR policies within an organization, concluding with a summary of the findings and a list of references. The report aims to provide a comprehensive overview of the critical factors involved in starting and operating a business, with a specific focus on the chosen start-up idea. This report is contributed by a student to be published on Desklib, a platform providing AI-based study tools for students.
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