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Choosing the Right Legal Structure for the Business

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.

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Choosing the Right Legal Structure for the Business

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  1. Choosing the Right Legal Structure for the Business Business Legal Structure

  2. 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.

  3. 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!

  4. Pat’s 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 R&R (nightclub…was E20 & Angie’s Den) Kathy’s Café Police Station Walford East Tube Station Allotments Bridge Street Market stalls Eastender’s Places!

  5. Syllabus – you need to know • Sole Trader • Partnerships • Ltd • Plc • Not for Profit • Franchise – we’ll deal with this later!

  6. Video clips Real ‘small’ businesses ….

  7. Worksheet

  8. Examples of ‘Not for Profit’ businesses… • Big Issue • Wikipedia • Exam boards • Charities… • National Trust • Greenpeace • Eden project • Jamie Oliver’s Fifteen restaurant!

  9. Plenary…. Going back to Eastenders…. Can you identify each different business structures?

  10. Pat’s 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 R&R (nightclub…was E20 & Angie’s Den) Kathy’s Café Police Station Walford East Tube Station Allotments Bridge Street Market stalls Eastender’s Places!

  11. Name me at least one business for each category…

  12. Name me at least one business for each category…

  13. Homework Complete the Definition sheet This will help you for revision

  14. Definitions sheet

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