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P4 & M2

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3/20/2013 ERIC KAMAU | P4&M3 | UNIT 36 STARTING A SMALL BUSINESS |

P4&M3 | UNIT 36 STARTING A SMALL BUSINESS |

Contents INTRODUCTION 2 Proposed legal structure of the business 2 LEGAL ASPECTS 2 Local licenses and regulations 4 The implications for the business in legal aspect (M3) 4 FINANCIAL ASPECTS 5 The implications for the business in financial aspect (M3) 8

INTRODUCTION
For this task I have been asked to describe the legal and financial aspects that will affect start-up of the business
Proposed legal structure of the business
TYPES OF BUSINESSES sole trader- is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and …show more content…

Any organization that keeps and processes personal data has to be registered under the Data Protection Act 1998.
The Data Protection Act protects the privacy and integrity of data held on individuals by businesses and other organizations. The act ensures that individuals (customers and employees) have access to their data and can correct it, if necessary. It is enforced by the Information Commissioner’s Office (ICO), which has responsibility for overseeing the Freedom of Information Act and the regulation of interception of communications under the Regulation of Investigatory Powers Act 2000.

As an employer and a business owner of free from foods I have responsibilities to ensure your employees ' personal details are respected and properly protected e.g. IN number, date of birth, bank account details etc. Also I have to ensure that customer’s information is secure since it is an online business, I have to ensure that the site is secure e.g. including the use of a Secure Socket Layer (SSL) server. Any information customers enter while they are using the secure server is encrypted before being transmitted, so it is virtually impossible for an outside party to access or intercept your information.

Consumer law- For many products, society has laws and standards that the designer must meet. These help to protect the users, by specifying that products meet certain requirements and have suitable levels of

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