Exploring Law and the English Legal System - Nelson College London

This report provides an overview of law and the English Legal System, focusing on its relevance to business organizations. It begins by introducing the importance of business laws in guiding business operations and achieving organizational goals within the UK legal framework. The report differentiates between unincorporated organizations (sole proprietorships and partnerships) and incorporated organizations (private and public companies), detailing their formation, management, funding, advantages, and disadvantages. It covers key aspects such as corporate trade activities, corporate legislation, and the roles of directors and company secretaries. The conclusion emphasizes the role of business law in facilitating the establishment and effective functioning of business organizations, highlighting the sources of law and the government's role in law-making. The report also touches upon dispute resolution systems and offers legal solutions and advice.

Law and the English Legal System
P4 Explore how different types of business organisations are legally formed
Business organizations in UK has been operating as per legal process present
within country. As per the process two main kinds of organization which are
discussed as follows:
Unincorporated organization: They are those business organizations that has been
made by using less complex process. These organizations are used for forming
business organization in effective way. The organization covered under this
category are sole proprietor and partnership which has been discussed as follows:
• Sole proprietorship: These organizations are commonly used business
organization for conducting business. Further, the organization is owned by single
owner and holds responsibility over business activities(Kubacki, Szablewska and
Kennedy, 2019). The owner of business are known as sole proprietor and all
responsibility regarding business is performed by them only. These organization
are helpful for starting business. In order to make organization registered INHRC
number is required and name is used for initiating business.
Partnership firm: These organizations are made by two individuals that has come
together with motive over earning profit. Under it element is related over running
business more effectively with perspectives like risks, costs, benefits and
responsibility over running organization. Partnership is of two types that is general
and limited. The process of registration only requires INHRC number.
INTRODUCTION
Business laws are those set of rules which has been used in order to make
business organization establish more effectively. These laws are focused upon
creating legal structure which tends to improve business functioning through its
legislations. Also business laws are developed for making business organization
achieve its goals and objectives. Under business laws various laws are specified
which makes business performed as per legal standards followed within country.
Thus scope of business law is wider as it impact business organization directly.
Under such law different aspects of business functioning is handled more
effectively. Also business law has dynamic nature which makes business
activities impacted directly. This report is based over sources of law with role of
government in law making. Also it explains about three main law used by an
business organization and various kinds of business organization are explained.
In the end legal solutions are given over legal scenario.

Incorporated organization: These organization are based upon complex
mechanism which makes business organization established on large scale. In this
two main organizations are covered that is public and private organization. They
are discussed as follows:
Private organization: The organizations are formed over documents collected
within an organization that is submitted to Companies House with detail. Such
organizations are bound to perform corporate trade activities. Also they are
required to follow corporate legislations. The shares of these organization are
not sold in public and directors are hired to run these organization.
Public organization: They are those organizations which has been using
Public Limited in the end of its name and its shares are sold to public. There are
different perspective which is covered upon making organization perform
business functions more effectively. Registration process is very complex
which includes digital signature of all owners with various other documents
require to be collected. In this two directors and company secretariat is
involved. These organization are public based organizations which are formed
by government.
P5 Explain how business organisations are managed and funded with
advantages or disadvantage of an organization
Sole proprietorship: Management of the organizations are done by
owners himself holding responsibility over activities. Funds of these
organizations are performed by family members and friends. All process are
involved within the organization. Its advantages and disadvantage has been
discussed as follows:
Advantages
 The organization makes profit earned kept by owner making profit
generated kept by owners themselves.
 Formation process is easy making less time consumed from its
establishment.
Disadvantage
 At time funds is not been arranged which makes business organization
close.
 These organization can face heavy loss as all activities is handled by one
person.
Partnership firm: The organization has been managed by partners and
all work is performed by them only(Phillips and Moutinho, 2018). Funding has
been done with personal investment done by partners and percentage of
investment also matters. There are certain advantages and disadvantages which
has been discussed as follows:
Advantages
 Less formal with few legal obligation
 In this burden of business is shared by partners themselves.
Disadvantage
 The organization does not contains legal status.
 This is limited access over capital for which partners are arranged over it.
.

Private organization: These organizations are managed by directors
appointed for running business. Funds are arranged through loans and
debentures. It advantages and disadvantages has been explained as follows:
Advantages
• As per this an organization enjoys right of succession that makes separate
entity formed from its owners.
• Business privacy is one of the most effective advantage of private
organization.
Disadvantage
• Formation process is time consuming and money included is huge which
makes its vaery complex in nature.
• Divided ownership- one of the common disadvantages of private limited
company
Public organization: These organizations are managed by stakeholders of
business organization(Shanahan and Hopkins, 2019). Funding of the
organization is done by government institutions, health programs,
community services, restoration programs, public service programs, and
even environmental programs. The advantages and disadvantages has been
discussed as follows:
Advantages
• Public corporations are formed and implemented over police promoted with
public welfare.
• Under public corporations red-tapsim and bureaucratic delays over
minimizing great extent.
Disadvantage
• This organization enjoys inquiry into day to day activities and functions
• Public corporation incur loss over providing subsidies making good loss.
CONCLUSION
From the above discussion it can be concluded that business law are
those laws which has been used in order to make establishment of business
organizations done more effectively. The law is based over various kinds of
legal aspects helping in making business goals achieved more effectively. The
file is based over sources which is used for forming law within country. The
laws are used for developing process helping in conducting business. The file
deals with different organs of government. Also various kinds of business
organizations with there differences has been explained. Further, various kinds
of laws has been explained which is used by business organizations more
effectively. In the end dispute resolution system is covered with the legal
solutions and advice is covered.
REFRENCES
Books and Journals
Buchheit, L.C., 2019. Ethical considerations in the representation of sovereign
clients. In Research Handbook on Law and Ethics in Banking and Finance.
Edward Elgar Publishing.
Burri, T., 2021. The New Regulation of the European Union on Artificial
Intelligence: Fuzzy Ethics Diffuse into Domestic Law and Sideline International
Law. Available at SSRN 3865149.
Conrad, C.A., 2018. Ethics in Business Education. In Business Ethics-A
Philosophical and Behavioral Approach (pp. 327-337). Springer, Cham.