: Explain business transactions, the nature and management of a company, the concept of business liability in negligence, the vicarious liability of an employer and also individual employment rights

Assignment Brief:

Sam operates as a sole trader (IOM Solutions) selling electrical parts to local garages. Sam has run the business for eight years. Over the last two years, Sam has found that the business has grown in terms of demand and employees. This has placed a number of pressures on Sam whilst also presenting a number of opportunities. As of November 2018 Sam has decided to expand the business. However Sam is not sure of the most appropriate form of business ownership for IOM solutions.

Explain to Sam, what types of business organisations are potentially available in terms of reorganising IOM Solutions, and the legal consequences for each option.  Ensure you support this explanation with a recommendation of the most suitable organisation type for Sam to choose for IOM Solutions.

Secondary Research Level HE4 – It is expected that the Reference List will contain between five and ten sources. As a MINIMUM the Reference List should include one refereed academic journal, two academic books and case law.

Specific Assessment Criteria:

70-100            Work of Exceptional Quality

Virtually all of the relevant information/skills accurately deployed. Excellent and exceptional grasp of theoretical, conceptual, analytical and practical elements. Very effective integration of theory, practice and information in relation to the objectives of the assessment. There will be evidence of originality and creativity as appropriate to the subject.

60-69              Work of Very Good Quality

Most of the relevant information/skills accurately deployed. Good grasp of theoretical, conceptual, analytical, practical elements. Effective integration of theory, practice and information in relation to the objectives of the assessment.

50-59              Work of Good Quality

Some of the relevant information/skills accurately deployed. Adequate grasp of theoretical, conceptual, analytical and practical elements. Fair integration of theory, practice and information in relation to the objectives of the assessment.

40-49              Work of Satisfactory Quality

Some omissions in the deployment of information/ skills. Some grasp of theoretical, conceptual, analytical and practical elements. Limited integration of theory, practice and information in relation to the objectives of the assessment.

Fail: Students who do not meet the requirements of a third class grade (40-49) will not successfully complete the assessment activity.