29 th September 2011 Learning Outcome: Identify how regulations and laws for small businesses can affect preparation for business Identify how regulations

29th September 2011

Learning Outcome: Identify how regulations and laws for small

businesses can affect preparation for business

PLTS Learning Objective:

Effective Participators – taking an active role in group activities

Creative Thinker – Being imaginative and challenging yourself

Unit 16: Business Enterprise

29th September 2011

Key Words:1. Sole Trader;2. Partnership;3. Private Limited Company (Ltd);4. Unlimited Liability;5. Limited Liability

Unit 16: Business Enterprise

S T S

N E G

R T H

Find as many 3 or more letter words as you can using the middle

letter each time

There is a 9 letter word… What is it?

StrengthsAn area or task which you are good at or enjoy doing

Definition |

Success Criteria – What you have to do to be successful…

Criteria Assessment What you have to do

Pass P2– Identify how regulations and laws for small businesses can affect preparation for business

Complete a PowerPoint presentation on the different laws and regulations that affect small businesses. The PowerPoint should focus on explaining the different laws and regulations and how they directly affect starting up a small business

Merit M2 – Analyse the different aspects that will affect preparation for business

Using your business concept from last week and writing in full sentences and paragraphs:1. Explain why the different types of

business are/are not suitable for your business;

2. Say how the different laws and regulations will help protect and run your business

Legal Status

Working in pairs, Recall the different types of business ownership

(from Unit 1).

What is legal status?

It is the type of business ownership

Time Allocation: 5 Minutes

LO: Identify how regulations and laws for small businesses can affect preparation for business

Hint-Refer back to unit 1 ‘Exploring Business Purposes’ what types of small business do you remember?

Business Ownership & Entrepreneurs


For this Pass & Merit criteria, we will be focusing on:

1.Sole Trader2.Partnership3.Private Limited Company

(Ltd.)

Activity 1…

Working in groups of 4; Use the cards provided to… Identify the different advantages

and disadvantages of the 3 types of business ownership

BE CAREFUL…some apply to more than 1 type of business ownership



Regulations & Laws

What is a Law or Regulation?

Something that must be followed


Activity 2…


Working in pairs; See how different laws &

regulations can you think of that a business might have to follow…


You may have thought of…


Health & Safety at Work Act Employment Rights

ActWorkplace (Health, Safety & Welfare)

Regulations

Equal Pay Act

National Minimum Wage Act

Working Time Regulations

Data Protection Act

Copyright Act

Sale of Goods Act

Consumer Protection ActCompanies Act

The 6 categories…


1. Health & Safety in the Workplace

2. Information & Data Handling

3. Selling Goods & Giving Credit

4. Employing Staff and Discrimination

5. Business formations and operations & tax

6. Paying staff

Over to you (P2)…


Working in teams of 3… Pick 2 of the Laws/Regulations

just mentioned; Complete a PowerPoint

presentation on:– What the Law/Regulation means;– What category it comes under;– How you think it will affect a small

business

Fancy a challenge? M2 – Analyse the different aspects

that will affect preparation for business

To achieve this criteria look at type of ownership covered and really explain why its good for your business from last week

Then look at each law and try to explain how it will help your business run and protect your businessLO: Identify how regulations and laws for small businesses can

affect preparation for business

Need a hand?Put a heading in P2 – Describe how regulations & laws for smallbusinesses can affect preparation for businessSmall businesses have to prepare to set up a business because ……………………..Businesses also have to make sure they get their ownership right. This isbecause…………………………………………A Sole trader is ………………… some of the advantages are ……………………………. Some of the disadvantages are……………………………….A Partnership is ………………… some of the advantages are ……………………………. Some of the disadvantages are……………………………….A private limited company is ………………… some of the advantages are ……………………………. Some of the disadvantages are……………………………….A Franchise is ………………… some of the advantages are ……………………………. Some of the disadvantages are……………………………….

Businesses also have to follow laws. This is because: …………………………………………………

They fall into certain groups.Group 1 – Business Ownership & payment of taxes – write about the Partnership Act here

Group 2 –Health & Safety in the workplace – Write about Health & safety at work Act here

Group 3 –Employing staff & discrimination– Write about the disability discrimination act here

Group 4 Paying Staff– write about the national minimum wage here

Group 5 –Information & data handling– write about the Data protection Act here

Group 6 – Selling goods & giving credit –Write here about the Trade description Act here


So what have we learnt so far today?

Recaped the different types of small business ownership... They are?

The advantages and disadvantages of Soletraders, Partnerships and LTD’s... Tell me some

How different acts and regulations impact on small busineses... Can you name them?LO: Identify how regulations and laws for small businesses can

affect preparation for business

Documents

29 th September 2011 Learning Outcome: Identify how regulations and laws for small businesses can affect preparation for business Identify how regulations