BMP4002 Business Law: Analyzing Legal Context for UK Business Orgs

This report provides an overview of the legal context for business organizations in the UK, focusing on key sources of law and different business structures. It discusses various types of business organizations, including sole proprietorships, partnerships (general and limited liability), and companies (private and public). The report also examines relevant laws such as company law, contract law, and employment law, highlighting their impact on business operations. Furthermore, it includes a recommendation for IOM Solutions, a sole trader business looking to expand, suggesting a partnership as a more suitable structure. The report concludes by summarizing the importance of understanding business laws for effective business operations and expansion in the UK.

BSc (Hons) Business Management
BMP4002 Business Law
Assessment 2
Report describing the key sources of
laws as the legal context for business
organisations in the UK
Submitted by:
Name:
ID:
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Table of Contents
Introduction ...............................................................................................................................3
Businesses & Organizations in the UK...................................................................................3
The legal business structure of UK companies..........................................................................5
Sole Trader.............................................................................................................................6
Partnership............................................................................................................................7
General Partnership...............................................................................................................7
Limited Liability......................................................................................................................7
Recommendations for IOM Solutions........................................................................................7
Conclusion..................................................................................................................................8
REFERENCES...............................................................................................................................9
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Introduction
Business laws are legal aspects that has been using in order to make
business organization formed as per legal standards of a country. These laws leads
towards developing legal structure within organization. The law helps in forming
business activities which make regulation of business activities done more
effectively. Business law has made business organization deal over various
perspectives making business organization work as per legal standards which has
been given within an organization. Also these laws provides guidelines which makes
business perform activities more effectively(Conrad, 2018). It holds responsibility for
making organization achieve goals and objectives. These laws has helped over
developing strong structure helping over conducting business with all legal
perspectives kept in mind. Also these laws has lead towards developing business
with positive aspects which makes business established in more effective way.
Through these laws legal legislation are formed making business conducted its
operations. Nature holds dynamic perspective since business law covers various
functions which impacts business organization. The reports is based over those
aspects which deals with business organizations in UK. Further, discussion is based
upon various business organizations with there advantages and disadvantages. Also,
solutions has been provided to IOM for making expansion done more effectively.
Businesses & Organizations in the UK
These organizations covers those aspect which is related over functions
containing various kinds commercial and corporate activities making business
conducted according to legislation and law which has been assigned for
it(Courcelles, 2019). These organizations leads upon developing capability within
business upon making organizations within UK performance different functions
existing within an business organization making development done effectively. These
organization in order to conduct business uses three main law which are company,
contract and employment law. The laws helps in forming structure by keeping in mind
legal standards set by these laws. In company law an business organization pursue
its activities with more effectiveness. Companies laws are the laws that has been
used in order to make goals and objectives achieved which are based over corporate
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activities. The law makes business organization work more effectively making its
formation possible as per legal perspective. The laws has been used for dealing with
different perspective which is presented within Companies Act 2006 helping in
specifying certain rules and regulations which helps in making business organization
work over legal aspects used for conducting business. Also the act has been
developed upon forming memorandum of association and article of association
which leads over making business develop in more effective manner. The act has
specified about rights and duties which is required to be followed by directors
appointed to run an business organization. For example BGT Ltd requires to operate
as private organization and thus requires ti comply with the legal formalities set by
the act for such purpose. This includes developing memorandum of association and
article of association by hiring directors to run an organization. The comes contracts
laws which are used over developing agreements and giving them shape of contract
which are formed as per laws. In order to form such agreements various elements
are used which are offer, acceptance, obligation, legality and validity. These
elements should be present for forming an valid contract . Offer is used for
presenting idea by one person to another. Acceptance is used for accepting offer
with an common mindset over forming an contract, Obligations are used for
developing rules and regulations which are formed after discussing about contract in
detail between parties. Validity is used over validating contract that has been formed
in order to make contract valid in the eyes of law. Legality has been used in order to
make contract formed over those aspects which are allowed by government.
(Fairchild, and et. al., 2018). For example supply of contract has been created within
BNH ltd and JUY ltd which makes contracts to be created in more effective. Thus in
order to make valid agreements contract should be developed more effectively. The
examples of these laws shows importance in developing business organization within
United Kingdom.
Employment laws are those laws that has been developed over making
business organization deals upon issues faced by employees while working in an
organization. The law has developed strong tripartite relationship within employer
and employee making them run an business organization with more success.
Through employment law various aspects are handled related through legislations
that has been created under the law. Also employment law makes business
environment to be improved by creating employee satisfaction. Also the laws has
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been formed over making employees work within an organization. Further, various
aspects over working has been covered in relation to issues which an employees
faces(Dickinson, 2017). The legislation that has been used in order to solve issues
are Employment rights act 1996, Minimum Wages act 1986 and Equality act 2010.
For example Ben an employee has been fired from the job due to colour problem. So
, management is answerable over this conduct and thus can be sued as per the
provision of non-discrimination laws. Thus Equity Act 2010 is applicable in order ti
bring justice. Another law which has been used is law of torts within which vicarious
liability is used for principle that is “Master is held liable over wrong committed by
servant”. It helps organization work as per employees demand and seek that ethics
are protected in more effective manner. These organizations in UK has been dealing
with various aspects making business conducted more effectively. Through these
perspective business is able to run in relation to commercial, industrial, or
professional activities. These perspectives helps business in making organization
work as per legal aspect which has been used by business organization in more
effective manner. Also legislation used makes business work as per legal aspect
mentioned within the law.
The legal business structure of UK companies
In this legal structure various kinds of business organization has been
operating within United Kingdom. The legal structure has helped in developing
impact over business functions(Fairchild, and et. al., 2018). According to legal
structure development of business organization within UK there are two main
business organizations which has been operating which are incorporated and
unincorporated business. As per the unincorporated business these are one of the
commonly used business organizations which helps in supporting small scale
businesses. These organization helps in getting initiative to new business
opportunities which makes business conducted more effectively. These
organizations helps is making business organization formed in relation over legal
structure present within an organization. These organizations holds importance by
making business development possible in making business cover more effectively. In
unincorporated business organization public and private organization which is
covered in more effective manner. These organizations work over private
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organizations making business conducted in more effective way. Private
organization: These organizations has been using Private Ltd within the end and
shares are not sold in public. In order to form these organizations all kinds of
documents requires for making collection and submitted within Companies House
which makes organization register. It has been managed by directors appointed for
such reason. In order to make these organizations funding taking place with the help
of debentures and loans(Kubacki, Szablewska and Kennedy, 2019). Public
organization: These are those organizations which work while using Public Limited
in the end of its name and shares are sold within public. The organization contains
different owners and stakeholders working together in the interest of public. These
organization contains various documents which are digital structure of owner,
memorandum of association and important document required to be collected.
Sole Trader
These organizations are one of the most commonly formed business which is
used in order to make effectiveness developed in making start ups conduct business
more effectively. The organization has been owned by single owner and all business
activities conducted by them(Phillips and Moutinho, 2018). These organization's
owner has been termed as sole proprietor handling all business activities with proper
development of business structure. In order to makes business organization register
INHRC number shall be generated which makes business development possible in
more effective manner. Also, name is used only to identify business for its initiations
within market. Management of business is done more effectively by the owners
themselves by keeping in mind all its perspectives. Funds are arranged with the help
of family and friends or any other close relative. Only personal means are used for
arranging funds. There are advantages and disadvantages of these organization
which are profit that has been earned with the help of business is kept by the owner
themselves. Also formation process is easy making time utilized for making
establishment of business done with more effectiveness. Disadvantage: As per this
funds arrangement is difficult that makes business collapsed and at times makes
business dissolved more effectively.This makes organization face heavy loss over
activities performed in business. The organization is very easy to be formed which
makes it more suitable for starting business.
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Partnership
These are those business organization that has been developed with the help
of two or more then two persons with an common motive to earn profit form the
business. Alsop partnership organizations are easy to be formed and no legal
aspects are included within it. This makes business develop and expansion possible
with right approach in the market (Shanahan and Hopkins, 2019). Also these
organization helps in taking business to another level by making its improvement
done in more effective manner. All aspects are covered by the partners and its types
has been discussed as follows:
General Partnership
These are those organizations which has been used in order to make
business run by the partners. Also the organization makes all its operations
conducted by partners themselves. These business leads upon common motive to
be full filled with more effectiveness. All responsibility has been hold by partners
themselves. Its advantage is that it is easy to form and no legal obligation is included
within it. Disadvantage if an partners dies then partnership is dissolved.
Limited Liability
These are those organizations which has been used in order to make
business performed as per partners interest(Surdam, 2020). Also these
organizations are funded by the partners as per their interest. It advantage is that
business operated by partners themselves. Disadvantage is that business if an
partner is at risk then business gets dissolved.
Recommendations for IOM Solutions
As per the scenario it can be observed that IOM solutions was running as sole
trader. So, in order to make expansion done effectively partners are required which
makes partnership appropriate form of business to be conducted. Thus partnership
should be used for making expansion.
Conclusion
From the above discussion it has been concluded that business laws are
those laws that makes business organizations formed more effectively. In this reports
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various kinds of business organization covered more effectively. Then legal business
structure covered. In the end solutions provided to IOM solutions for expansion.
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REFERENCES
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.
Courcelles, D., 2019. The Ethics of the Merchant in the Islamic Faith: From Ibn
Khaldoun to Islamic Finance.
Dickinson, A.L., 2017. Recent Ethics Opinions of Significance. J. Legal Prof., 42,
p.291.
Fairchild, and et. al., 2018. 14. Health Justice. In Public Health Law and Ethics (pp.
587-612). University of California Press.
Kubacki, K., Szablewska, N. and Kennedy, A.M., 2019. Guest editorial: Social good
and ethics in social marketing for wicked problems. Journal of Social
Marketing, 9(4), pp.485-489.
Phillips, P. and Moutinho, L., 2018. Business ethics. In Contemporary Issues in
Strategic Management (pp. 178-194). Routledge
Shanahan, K.J. and Hopkins, C.D., 2019. Level of agreement between sales
managers and salespeople on the need for internal virtue ethics and a direct
path from satisfaction with manager to turnover intent. Journal of Business
Ethics, 159(3), pp.837-848.
Surdam, D.G., 2020. Examples of Mid-Nineteenth-Century Business Ethics in
America. In Business Ethics from the 19th Century to Today (pp. 71-99).
Palgrave Macmillan, Cham
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