Choosing the Right Legal Structure for the Business

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Choosing the Right Legal Structure for the
Business

• Business Legal Structure

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Aims

• To know the difference between sole trader,
  partnerships, Ltd Plcs.
• To be aware of the benefits and drawbacks of
  legal structures.
• To be aware of not-for-profit businesses.

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What business structures do you know of?

• Eastenders.
• There are 20 businesses in Alberts Square can
  you name them all?

On a whiteboard name me as many as you can think
of!
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Eastenders Places!

• Pats Cabs
• Car lot
• Surgery
• Community Centre
• Queen Vic
• Minute Mart
• Launderette
• The Arches
• Booty (Nail bar)
• Argee Bhajee (restaurant)
• Post Office
• Bookies
• Beales Plaice
• Park Café
• RR (nightclubwas E20 Angies Den)
• Kathys Café
• Police Station
• Walford East Tube Station
• Allotments

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Syllabus you need to know

• Sole Trader
• Partnerships
• Ltd
• Plc
• Not for Profit
• Franchise well deal with this later!

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Video clips

• Real small businesses .

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• Have a calm lesson textbook based
• Get the students to complete a Q sheet using the
  textbook to find information
• Use the lesson as a catch up time to talk to
  individuals resolve issues.
• Need to leave yourself 10 mins at the end of the
  lesson to do the plenary HWK

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Textbook Unit 76 p535

• Using the textbook you need to complete the
  worksheet for revision notes
• This will include a grid on what are the
  advantages and disadvantages of each business
  structure
• Also need to read make notes from issues for
  Analysis Evaluation.

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Worksheet
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Examples of Not for Profit businesses

• Big Issue
• Wikipedia
• Exam boards
• Charities
• National Trust
• Greenpeace
• Eden project
• Jamie Olivers Fifteen restaurant!

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Video clip (if extension is needed)

• Watch the rest of the DVD from Teacher TV if
  there is timebut doubt it! Can do this next
  lesson!

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Plenary.

• Going back to Eastenders. Can you identify each
  different business structures?

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Eastenders Places!

• Pats Cabs
• Car lot
• Surgery
• Community Centre
• Queen Vic
• Minute Mart
• Launderette
• The Arches
• Booty (Nail bar)
• Argee Bhajee (restaurant)
• Post Office
• Bookies
• Beales Plaice
• Park Café
• RR (nightclubwas E20 Angies Den)
• Kathys Café
• Police Station
• Walford East Tube Station
• Allotments

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Name me at least one business for each category
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Name me at least one business for each category
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Homework

• Complete the Definition sheet
• This will help you for revision

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Definitions sheet