Business structure

Business structure is a legal structure of an organisation recognised within a specific jurisdiction. The business structure determines the activities that have to be undertaken within the organisation such as taxes to be paid and raising of capital. The most aggressive economic responses have been mounted by the UK government following the COVID-19 pandemic. As a result, billions of pounds have been pledged to support start-ups and businesses during the crisis. This has led to a government backed start-up loan of £500 to £25000 being introduced to grow or start businesses. The assignment seeks to identify various legal statutes of a business along with their strengths and weaknesses while identifying the three sources of finance for a business start-up along with their weaknesses and strengths. It further identifies three sectors within the UK economy where a business operates along with their differences and value to the UK economy. Finally, it identifies two HR policies along with their significance to the modern workplace.…