Upload
susan-coral-wells
View
223
Download
2
Tags:
Embed Size (px)
Citation preview
Choosing the Right Legal Structure for the Business
Business Legal Structure
Aims
• To know the difference between sole trader, partnerships, Ltd & Plc’s.
• To be aware of the benefits and drawbacks of legal structures.
• To be aware of not-for-profit businesses.
What business structures do you know of?
• Eastenders….
• There are 20 businesses in Albert’s Square… can you name them all?
On a whiteboard name me as many as
you can think of!
Eastender’s Places!1. Pat’s Cabs2. Car lot3. Surgery4. Community Centre5. Queen Vic6. Minute Mart7. Launderette8. The Arches9. Booty (Nail bar)10. Argee Bhajee (restaurant)11. Post Office12. Bookies13. Beales Plaice14. Park Café15. R&R (nightclub…was E20
& Angie’s Den)16. Kathy’s Café17. Police Station18. Walford East Tube Station19. Allotments20. Bridge Street Market stalls
Syllabus – you need to know
• Sole Trader
• Partnerships
• Ltd
• Plc
• Not for Profit
• Franchise – we’ll deal with this later!
Video clips
Real ‘small’ businesses ….
Worksheet
Examples of ‘Not for Profit’ businesses…• Big Issue • Wikipedia• Exam boards• Charities…• National Trust• Greenpeace• Eden project• Jamie Oliver’s Fifteen restaurant!
Plenary….
Going back to Eastenders…. Can you identify each different business structures?
Eastender’s Places!1. Pat’s Cabs2. Car lot3. Surgery4. Community Centre5. Queen Vic6. Minute Mart7. Launderette8. The Arches9. Booty (Nail bar)10. Argee Bhajee (restaurant)11. Post Office12. Bookies13. Beales Plaice14. Park Café15. R&R (nightclub…was E20
& Angie’s Den)16. Kathy’s Café17. Police Station18. Walford East Tube Station19. Allotments20. Bridge Street Market stalls
Name me at least one business for each category…
Sole Traders Partnerships
Ltd Plc
Not for Profit Public Sector
Name me at least one business for each category…
Sole TradersBooty
Pats Cabs
Partnerships Surgery
Argee Bajhee
LtdMinute Mart
Plc
Not for ProfitBig Issue seller
Allotments
Public SectorPolice Station
Underground
Community Centre
Homework
Complete the Definition sheet
This will help you for revision
Definitions sheet