Business Law Student name: Razan Student no: ST09853 Assessor: Ms. Sona 1 Learning objective 3: Examine the formation of different of business organization Assignment title: Legal structure and company formation How different types of business organizations are legally formed: The most important criminal varieties of commercial enterprise are: sole proprietorship, private businesses, cash groups 1- Individual groups: are corporations owned by way of one character who works to reap his very own income or the agency he owns, and character companies inside the majority of them are small in size, the proprietor in cooperation with a few personnel in carrying out all of the sports that he needs Working within the agency, and generally the proprietor of the agency obtains the cash from his non-public funds or via personal borrowing, and he is accountable for making all decisions related to the work. 3 The maximum important strengths of this shape of company are that the proprietor of the organization receives all of the profits and bears all the losses These organizations do not need massive organizational fees and the tax is paid on the idea of the non-public income of the enterprise owner, and those businesses are unbiased, exclusive and clean to liquidate. As for the most important weaknesses, it implies that the duty of the organization’s owner is limitless, because the non-public wealth of the enterprise’s owner can be used to pay lenders, the issue of acquiring cash and consequently limiting the business enterprise's growth inside the destiny, and wearing out all of the sports and capabilities of the enterprise by means of its owner and hence the problem of having employees to locate work Continued with the company, and this type of business enterprise lacks continuity whilst the corporation owner dies. 4 2- Personnel groups (partnership): are agencies which are owned through two or extra folks that work the employer collectively to reap earnings, and they're usually larger in length than character companies, and in well-known the companions in these organizations have unlimited duties. And the maximum vital strengths in this sort of organization is the potential to reap more resources of budget from man or woman businesses, and the ability to borrow increases because of the increase in the variety of owners, and there are extra control and organizational capabilities to be had, and the tax is paid on the idea of the private earning of the partners. The maximum essential weaknesses lie in the unlimited liability of the companions, the dissolution of the agency in the event of the death of one of the companions, and the issue of liquidating the corporation or dissolving the property therein. 3- Corporations: Money groups or public joint inventory companies are a company frame with a felony capacity, and they have the identical electricity of human beings in that they can require or charge, and personal real estate in thei.

1. Business Law
Student name: Razan
Student no: ST09853
Assessor: Ms. Sona
1
Learning objective 3: Examine the formation of different of
business organization
Assignment title: Legal structure and company formation
How different
types of business organizations are legally formed:
The most important criminal varieties of commercial enterprise
are: sole proprietorship, private businesses, cash groups
1- Individual groups: are corporations owned by way of one
character who works to reap his very own income or the agency
he owns, and character companies inside the majority of them
are small in size, the proprietor in cooperation with a few
personnel in carrying out all of the sports that he needs Working
within the agency, and generally the proprietor of the agency
obtains the cash from his non-public funds or via personal
borrowing, and he is accountable for making all decisions
related to the work.
3

2. The maximum important strengths of this shape of company are
that the proprietor of the organization receives all of the profits
and bears all the losses
These organizations do not need massive organizational fees
and the tax is paid on the idea of the non-public income of the
enterprise owner, and those businesses are unbiased, exclusive
and clean to liquidate.
As for the most important weaknesses, it implies that the duty
of the organization’s owner is limitless, because the non-public
wealth of the enterprise’s owner can be used to pay lenders, the
issue of acquiring cash and consequently limiting the business
enterprise's growth inside the destiny, and wearing out all of the
sports and capabilities of the enterprise by means of its owner
and hence the problem of having employees to locate work
Continued with the company, and this type of business
enterprise lacks continuity whilst the corporation owner dies.
4
2- Personnel groups (partnership): are agencies which are
owned through two or extra folks that work the employer
collectively to reap earnings, and they're usually larger in
length than character companies, and in well-known the
companions in these organizations have unlimited duties.
And the maximum vital strengths in this sort of organization is
the potential to reap more resources of budget from man or
woman businesses, and the ability to borrow increases because
of the increase in the variety of owners, and there are extra
control and organizational capabilities to be had, and the tax is
paid on the idea of the private earning of the partners.
The maximum essential weaknesses lie in the unlimited liability
of the companions, the dissolution of the agency in the event of

3. the death of one of the companions, and the issue of liquidating
the corporation or dissolving the property therein.
3- Corporations:
Money groups or public joint inventory companies are a
company frame with a felony capacity, and they have the
identical electricity of human beings in that they can require or
charge, and personal real estate in their name, and the
proprietors of the organization are the owners of stocks
(shareholders), wherein they anticipate to achieve returns thru
the dividends that The company distributes it to them, or
through attaining capital gains due to the employer's inventory
fee increase inside the market.
The maximum vital strengths of this type of agency are that the
proprietors have a restricted duty that ensures them that they'll
no longer lose more money than the money they invested inside
the business enterprise, and the organization can achieve
earnings in massive sizes due to promoting its shares within the
monetary market, and that there's a awesome opportunity to get
the money that it needs
6
to expand inside the destiny, possession in those companies can
be quick transferred by means of selling stocks in the economic
marketplace, and the employer can rent professional managers
to behavior its affairs, and such businesses have a protracted
existence, similarly to profiting from tax blessings.
As for the most essential weaknesses in this kind of agency,
they encompass very big organizational prices, that are quite

4. difficulty to legal guidelines enacted by means of governments,
and the degree of confidentiality is missing, and a tax is paid on
each the employer's earnings and at the dividends which might
be dispensed to shareholders.
7
How business
organizations are managed and funded:
Every country in the world has an economic and development
policy that it pursues or works to achieve in order to achieve the
welfare of its members. This development policy requires
setting its broad lines represented in planning development
projects, according to the financing needs and capabilities of
the country.
And no matter how diverse the projects are, they need financing
in order to grow and continue their lives, as financing is
considered the blood flowing to the project, and from here we
can say that funding has an effective role in achieving the
country's development policy by:
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1- Providing the necessary capital to complete the projects that
entail:
Providing new jobs that lead to the elimination of
unemployment.
Achieving the country's economic development.
Achieving the objectives set by the state.
2 - Achieve the well-being of the community members by

5. improving their living conditions (providing housing, work ...)
9
References
https://www.mosourcelink.com/guides/start-a-business/register-
your-business/forms-of-business-organization
http://kenanaonline.com/users/ahmedkordy/posts/152674
Learner Declaration
I certify that the evidence submitted for this assignment is my
own.
I have clearly referenced any sources used in the work.
I understand that false declaration is a form of malpractice.
Thank you
Week 8 Discussion
Plan Assumption and Financials
Before beginning work on this discussion post, review Chapter
16, “The Financials,” in your textbook. You have already read
this chapter during the previous week. With your review this
week, specifically examine:
· "Assumption Sheet," pages 323–324 and "Sample Plan:
Assumptions," page 332.
· "Sources and Use of Funds," page 317 and "Sample Plan:
Sources and Use of Funds," page 331.
· "Break-Even Analysis," pages 320–321.

6. The financial plan must be based on decisions and facts.
Investors want to know whether your business plan is realistic.
For This Week’s Discussion, Please Respond to the Following
Provide a written overview of the plan assumptions and key
financials based on the information contained in your business
plan and your Business Plan Financials Excel Template.
Use headings (bold) to address each required topic.
Be sure to include:
Key Financial
Specific Worksheet in the Business Plan Financials Excel
Template where the information can be found
Projected Sales
(clarify the product lines you have)
Sales Projections worksheet
Personnel Overview
Setup and Staff Budgeting worksheets
Financing to Date and Funds you plan to raise from investors
Capital Investments worksheet
Use of Funds
Capital Expenditures worksheet
Break-Even Analysis
Break-Even worksheet
Projected Profits
Income Statement worksheet
Important: do not copy tables from the Excel document in your
discussion response. This is an overview of the key financials.
Notes
· You will use the information from this discussion post in the
Week 10 assignment, Business Plan—Final.
. A bullet point under Part 1 asks you to incorporate financial
information that will help to convince the investors.
Important note: Please post a brief overview of your business
with your response to this week’s discussion. Mention the
company name, what business you are in, and a brief overview

7. of your products or services. This is for everyone to be
reminded of what business you focus on.
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