Legal and Financial Environment Assignment 1
You must hand in one copy to your teacher at your next lesson after the submission date and the same copy to TurnItIn on the day of submission. Submit one document containing all tasks. Provide a cover sheet with your details clearly displayed. Your assignment must be word processed in 12 font whilst any headings or diagrams may be in 14 font.
Issue date: Wednesday 4th February 2015
Submission date: 11.59 pm 8th March 2015
Knowledge & Understanding Outcomes

On completion of this module students will:

K2. Understand the main types of law affecting business organisations and explain how businesses are influenced by (employment, consumer and environmental) legislation

Ability Outcomes

On completion of this module students will be able to:

A1. Compare and contrast the legal characteristics of contrasting business organisations

A2. Apply knowledge of an aspect of the legal environment to an organisation and demonstrate how it affects business planning and operations.

This assignment is made up of two tasks. All tasks must be attempted. You will be provided with the relevant case study information. In order to enhance your assignment you will also need to do some of your own research. You should provide a list of other sources used at the end of the assignment.
Your assignment should be around 1000 words.

Task One (A2, K2)
Employment Law ?Workers rights
You have just been elected as a Trade Union Representative and you think that many of your members/fellow worker are unaware of their rights under their contracts of employment.
Explain what the workers legally enforceable rights are citing the relevant legislation. What would you expect to be contained within a written statement of the terms and conditions of employment? As a modern, responsible Trade union representative you are keen to ensure that management are able to make decisions regarding operations to keep the business competitive and protect members jobs. Therefore your information needs to be balanced.You need to also discuss the duties and responsibilities of employees and employers.
Task Two (A1,K2)
Legal forms of Business ownership
As a Small Business Adviser you are often asked by would be Entrepreneurs the best legal status to have for their new Business
Produce a guide for people starting their own business about the legal forms of Business ownership
Compare the legal characteristics of three contrasting business organisations

? Sole trader
? Partnership
? Private Limited Company

You will be expected to discuss

1. Limited and unlimited liability
2. Legal Documentation
3. Raising finance
4. Control of the business organisation

At the end of your work you must provide a reference list of the sources used for the assignment

At the end of your work you must provide a reference list of the sources used for the assignment Your assignment should be around 1000 words.