Analysis of UK Business Structure, Finance, and HR Policies (Report)

This report provides a comprehensive overview of business structures, focusing on the UK market. It begins by exploring different legal statuses and frameworks for businesses, detailing their strengths and weaknesses. The report then examines various sources of finance available to start-up businesses, analyzing their pros and cons. It further delves into the UK economy by identifying three distinct sectors and discussing their differences and value. Finally, the report highlights the significance of two key HR policies in the modern workplace. This detailed analysis aims to offer valuable insights into the operational and strategic aspects of businesses within the UK context, covering legal, financial, and human resource management perspectives.

Structure of Business

Table of Contents
INTRODUCTION ..........................................................................................................................3
QUESTION 1...................................................................................................................................3
Explain types of legal statuses and frameworks of the business together with its strength and
weakness. ...................................................................................................................................3
Evaluation of various sources of finance that is available for business start- up together with
its pros and cons..........................................................................................................................9
QUESTION 2.................................................................................................................................10
Three different types of sectors which operate within the UK economy and the difference
between all. Comment on their value in UK economy............................................................10
QUESTION 3.................................................................................................................................12
Identify two HR policies and its importance in modern workplace..........................................12
CONCLUSION .............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Business is an important area which helps out to maintain the nature and the benefits in
order to gain the advancement for the country and also to maintain the nature through which the
company can there maintain the benefits (Darics, and Koller, 2010). It helps out to manage all
the funding the the growth of the company in an advance manner with some implications and
advancements. As business helps out to maintain the growth and the culture through which all
the nature and the implications can be maintained. As for the growth of the economy and to
maintain the nature and the economical function all the country need to maintain the proper
business. This report will cover the legal status and the strength and the weakness of the
organisation with all the HR policy and the status of the company. Further it will als o cover the
types of business and the funds which deals with the UK economy.
QUESTION 1
Explain types of legal statuses and frameworks of the business together with its strength and
weakness.
Business is an important activity which helps out to provide the nature and also the
methods through which all the advancement and the organizational growth can there by be
maintained. It helps out to expand the business in a rapid manner and also frame out to fill the
issues and the gap as in relation to the market and the structure (Radojevic, and et. al., 2018).
There mainly cover different types of business which are maintained by the start-ups which are
mentioned below:
Types of businesses Legal statuses in business
practises
Strength Weakness
Public
organizations:
This business is
mainly handled by
the government and
all the major reason
There mainly cover three
important type of the
business practises in the
public organisation which
are like as follows:
 Central- These
 It formulates
out the
important
regions and
the policies
through
 It has major
high political
interference
which
thereby effect
the business

behind the
controlling of the
government is in
order to maintain
the welfare of the
society by
providing all the
major and the
important motive so
as to fulfil the major
motive of all the
people and to
generate more
profit.
kind of business
practises are owned
and also being
controlled by the
government as it
provides the nature
through which the
work and the
imprecation is
managed by the
centre (Scholz,
Scholz, and
Barlow, 2019).
 State-The
management of all such
business are being done by
the government but the
major functioning of all the
records is being done
through a particular state.
 Local- All such
business are being
managed and are
controlled by the
local bodies and the
authorities and it is
duly thereby being
maintained by the
working of the one
important and the
working of
which they
can implicate
out and
maintain the
welfare of
the people as
it helps out to
maintain the
scrutiny in all
the
parliamentar
y conditions.
 It manages
all the
independent
and the
flexibly areas
through
which the
autonomy
can be
maintained
with
operations.
practises. As
it provides
out to
maintain the
masters in all
the political
region.
 At sometime
there is being
seen that
most of the
nature and
the areas
through
which
interest of all
the
consumers
can be
obtained and
all the major
consumers
were there by
being ignored
it helps out to
maintain the
lethargic
nature and
functions
through
which

particular areas. customers
interest and
the results
can there by
be
maintained
and
monopolies
are being
frequently
adapted.
Private
organizations: All
these business are
privately being
handled and
managed by the
individuals and they
use to maintain all
the maximum areas
for generating the
implicated
maximum amount
of profit.
Sole proprietorship: In all
such business practises this
mainly covers out the
nature and the methods
through which single
person and the individuals
(Bock, and George, 2017).
 As the
business is
being
managed by
the single
owner it
helps out to
evaluate and
maintain the
strong nature
and relation.
And there
will nit be
any
interference
in the third
party areas.
 All the sole
traders will
there by have
 All the
liabilities and
the debts are
being taken
in
consideration
is with the
major
members and
the people s
through there
nature and
working.
 If the owner
dies then it
will effect
there
personal
implications
and maintain

to provide
and the pay
there own
personal
income tax as
which is
gained by the
profits
(Skilton, and
Hovsepian,
2017).
the value and
the image as
in out
provides put
the nature
and the
working and
the death will
shut down
the business.
Partnership: All such
business are being
managed and handled by
the two or more individuals
as they share all the
liabilities and the important
areas in it.
 Income is
being splitter
and all the
debts and the
liabilities are
shared
together with
all the
members.
 There mainly
provided
split in all the
income
through
which the
advancement
is being
maintained.
 There is
being given
unlimited
liabilities in
personal
nature in the
partners and
there firms.
 There all the
partners are
merely being
liable for the
liabilities and
the debts that
are being
made.
Limited liability  All the  One of the

partnership: This mainly
provides out the nature and
the version in which they
can there by maintain the
legal entity and the nature
for the partners.
personal
asset of the
person and
the liabilities
for all of that
are protected
and it helps
out to
contribute in
all the assets
which are
important(Fr
eudenreich,
Lüdeke-
Freund,and
Schaltegger,
2020).
 It can at any
time being
wind-up for
there needs
and the
requirements.
partner will
have the
major rights
with them.
And there
will not be
made any
vote as in
according to
it.
 They use to
maintain the
high penalty
in all the non-
compliance
for all the
private firm.
Companies: It mainly
covers out all the important
nature and the methods in
which all the artificial
owners and the
personalities are being
taken into the
considerations. Any
 It considers
all the
limited
liability for
all the
owners and
the
individuals.
 It usually
lack secrecy
as it does not
have ,such
areas of
interest.
 It mainly
requires so

company can there by be
sue and be sued. This
mainly provides out all the
general public through
which all the shares are
being maintained and it
maintains the subscription
in all the private areas or
the individual.
 It mainly
considers out
all the
perpetual
succession as
it can there
by live
forever.
much of
efforts of all
the persons
and there
working with
the legal
prepositions.
Voluntary
organizations: It is
mainly all the non
profit areas of
interest which are
being handled by
the staff and also
through the
volunteers in order
to maintain the
concurrence of
working.
There are 2 types of
companies they are like:
 Associations: It
considers out all the
areas of the
legislation and also
implement the
objectives of the
constitution (Lind,
Marchal, and
Wathen, 2017).
 Trust: This
maintain out all the
trustees name and
also provide put the
objectives in all
records.
 It helps out
to maintain
the social
nature and
the cause of
working in
the company.
 It helps out
to gain the
tax
exemptions.
 It is mainly a
time
consuming
process as
need lot of
commitment
in there
working.
 They focus
on doing all
the social
works.
Charitable
organizations: It
considers out all the
ventures
 Unincorporated
associations: It is
the membership
association where
members choose
 It provides
all the
important
social nature
and cause as
 It is mainly
dependent
and carry put
all the funds
 This provides

which activity they
want to carry on. It
is aimed to do work
for public benefit.
 Charitable trust: It
provides all the
small groups
trustees as it helps
out to maintain the
groups through
which they
maintain the
trustees.
to maintain
all the trust
of the public.
 It tries to
maintain and
use trust for
the
charitable
use.
out the nature
and the
methods for
working in
the
compliance.
Evaluation of various sources of finance that is available for business start- up together with its
pros and cons.
As for all the funds and the sources there is being made some new start-ups which helps
UK to maintain there business effectively they are like:
 Bank loans: This is the mostly used option as it helps out to maintain all the starting up
in the business practises and also helps out to lend money for the various regular payment
in a fixed interval of time. And that also on a fixed interval of period (Fávero, and
Belfiore, 2019).
Strength
It is the method which helps out to provide
proper function of the banks and it considers
out that the loan can be taken any time and at
anytime period that is being made. As all the
entrepreneur are being made to make the
business being frame.
Weakness
The interest is being required to be paid and all
the monthly instalments are being handled and
to be given by the entrepreneur.

 Venture Capital: This is mainly a process in which the person is being required to
maintain all the entrepreneurial taken and the skills relating to finance and the is being
taken in consideration so as to maintain the opportunists in the market.
Strength
It helps out to maintain all the outgrowth of the
business and also helps them out to expand
with various investment so as to maintain the
believers of the nature of the organisation.
Weakness
This gives out all the major venture capital and
huge funding is being required which effects
the equity and also the profits that are being
considered in it so as to maintain the economy.
 Angel Investors: This considers out all the worthy individuals who use to maintain the
extensive practise in the business. There usually maintain all the changes and the
exchange through which they maintain out all the exchange rates in the business as it
provides the nature and the equity through which all the connections regarding the start
up in the management and the growth of business practise is being maintained.
Strength
It helps out to maintain the nature in all the
range and the start ups and with that it also
tries to validate the nature through which
growth in all the sections can be maintained.
Weakness
All the angel investors use to rake control on
all the working areas as it provides all the leads
and the nature through which the excessive
areas are being covered and there may be
provided a lot of investment in the above areas.
QUESTION 2
Three different types of sectors which operate within the UK economy and the difference
between all. Comment on their value in UK economy.
In all the economic growth and the various sectors it is important to maintain all the
services and the products in variant manner so as to apply and try to evaluate the nature through
which production can there by be gained. As in UK customers mainly needs to gain the goods
and the services through which all the production is being maintained they are like:

 Primary Sector: This sector mainly cover out all the important areas and the sources that
are needed to be considered as all the extraction of the resources and there facilitates
through which the working can be computed (Heald, 2018). As in renewable resources it
considers wind power, wool, fishing etc. and in all the non-renewable resources it
considers out the oil extractions, minerals and many more. All theses usually considers
out to maintain lack in the employment sector as with the change in advancement and the
technology. For instance: fishing, mining, farming etc. Secondary Sector: It considers out all the distribution, manufacturing and the finishing of
all the services and the products that are being led out by them. This mainly considers out
all the labour areas of work and use to maintain all the cost production and the man made
areas and the manufacturing through nature of ample in the productivity. As it cover out
the labour work areas. For eg: Jaguar use to deal with all the manufacturing process. Tertiary Sector: This sector cover out all the advanced and the growth in all the areas as
it maintain out the nature through which all the intangible aspects are being taken in
concern. This use to ficus on the productivity of the labour and also on the high
disposable income sections and the areas. It provides the high income sections and the
purchasing nature for covering the power of all the customers. For instance: Tesco Plc.
Sainsbury, M&S.
Basis Primary Secondary Tertiary
MEANING It focus on raw
material extracting.
It tries to make all the
finished goods and the
products from the raw
material.
These usually covers
financial, leisure and
the hospitality sectors.
WORKING It is an unorganized
areas with all the
traditional aspects .
(Cherunilam, 2020).
It covers the important
areas relating to the
production section.
This focus on all the
execution of the
logistics and the
functions of the
working company in
an organised manner.
EMPLOYMENT All the machinery use The employment rate It provides the high

RATE to take the job and try
to maintain all the
work that is being
needed to be made.
of it is low as it covers
out all the decline are
and the nature of
working in all the
manufacturing terms
and segments.
employment facilities.
UK Economic value
As UK considers out to have the largest economy and they tries to focus on all the life of
the individual and also try to generate more economy through the diversification in all the
sectors. They implicate and try to maintain all the GDP through various sectors like the finance,
manufacturing, construction and many more. Tertiary tries to provide all the major advancement
and the growth in the accountability. The secondary areas use to maintain the National statistics
through which growth can there by be analysed and all the accounts and there development can
there by be framed by less than 17.41%.
As at the time of distribution in all the areas it helps out to maintain the approximately 81.3% in
all the service sectors and also develops the economy in add up nature in the value.
QUESTION 3
Elaborate two HR policies and its importance in modern workplace.
Human Resource management is the most important part of the company as it helps out
to maintain the nature and the areas through which they implicates the effective roles in the
company. The policies that are being given by the HR are to maintain all the employees and tye
employer so as to frame out the proper selection, recruitment,training of the employees in the
company. There are various HR policies which are mentioned below: Equality and Diversity Policies: It is an important area which helps out to maintain the
management from the employee in all the cultural and the economical areas (Müller,
Buliga, and Voigt, 2018). Employers tend out to maintain the diversity of working areas
through which discrimination can there by being avoided and all the workplace should
maintain the equal and the fair environment through there adhere of the legislative areas.
HR managers tries to maintain all the equal opportunity to there workforce through which

they try to maintain the training and the the sessions in order to frame out the raising
method and the equality in there working environment. It provides out the nature through
which they will implement the career planning approach and also manage the non
discriminatory environment for all the employees.
 Health and Safety policies:Every company which has more than five number of
employees are required to written down the policy on health and safety otherwise the
organization which has less than 5 employees are not required to make the policy in
written form. The aim of this policy is to protect the personnel who are attached with
business like visitors, customers, employers and the workforce. There are many
legislations being framed on this policy which includes the foremost that is Health and
Safety at Workplace Act, 1974 which places the duty on employer to take essential steps
so that the well-being and safety of the employees are protected and the employees are
also mandated to take all the measures which can ensure prohibition of any harm or
danger to them. It presents the general approach in relation to safety and health and
provides explanation of ways in which the health and safety of workforce can be ensured
and managed (Boyce, and Ville, 2017). The policy relating to H&S explains or draws the
duties of both the employee and employer in order to manage safety of all at workplace.
It is the legal necessity of all businesses and not choice and the main rationale of this
policy to make clarification and reinforce standards that are expected by workforce. This
policy helps in decision making process and is considered as the moral as well as the
legal obligation at all modern business to gave the H&S policy of workplace so that the
hazardous and risky activities are identified and necessary measures are taken in order to
reduce or eliminate their effect. It involves making risk assessment in advance so that risk
are mitigated and reduced.
Thus, there should be maintained all the areas and the free culture with the
adaptations in the environment and also all the efficiency in the HR manager tends to be
maintained do that employees will feel motivated and confident in the working environment.
CONCLUSION
From this above report it is concluded that business is the most important areas as it helps
out to provide the nature through which the profit can be generated and it maintains the revenues
for the company. There are different business organisations like pubic, private, charitable and

many more. For all the business practises it is important to maintain the business areas and the
nature through which the GDP and the equality is being maintained. Furthermore it is also
concluded that HR policies helps out to maintain the free and equal treatment with all the high
values and the efficiencies.

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