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More Business Structure

Date post: 17-Jan-2016
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More Business Structure. Aims. To ensure you all understand the key issues involved in business legal structure To understand the importance of liability To understand the benefits/drawback of each legal structure. Recap last lesson. What is a sole trader? What is a ‘partnership’ - PowerPoint PPT Presentation
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More Business Structure
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Page 1: More Business Structure

More Business Structure

Page 2: More Business Structure

Aims

• To ensure you all understand the key issues involved in business legal structure

• To understand the importance of liability

• To understand the benefits/drawback of each legal structure

Page 3: More Business Structure

Recap last lesson

• What is a sole trader?

• What is a ‘partnership’

• What does Ltd stand for?

• What does Plc stand for?

• What’s the main difference between Ltd & Plc?

Page 4: More Business Structure

Look at your cards…

• Find others with the same ‘card’ as you….

• Sole trader into one corner of the room

• Partnerships into one corner of the room

• Ltd’s into one corner of the room

• Plc’s into one corner of the room

You are all ‘owners’ of your business.

How many ‘owners’ are there for each group?

Page 5: More Business Structure

Some questions for you to decide on…

• Here’s some profit for you to share out…..

• What’s your share of the profits?

• You will need to ‘cut up’ your money to equally share out between business members….

• Who has the ‘most’ profit?

• Which group has the least profit?

• Which group finished the work 1st? Why…. Is this a problem for some businesses?

To what extent

does this matter?

Page 6: More Business Structure

Finance….

• Which business/company…

• Would find it the easiest to raise new funds?

• Would have had the most ‘start up capital’?

• If a business was to fail…who would have the largest debt to deal with?

Page 7: More Business Structure

Liability…..

• What is the difference between limited & unlimited liability?

• Why is it important for a business to have liability protection?

Page 8: More Business Structure

Continue with your notes on worksheet

15 mins max – rest to finish for HWK

Page 9: More Business Structure

Your quick task

Individual Work

Page 10: More Business Structure

Complete the worksheet….

Page 11: More Business Structure

Answers to worksheet

Page 12: More Business Structure

Ltd or Plc? Sort your cards out into 2 columns - do you know which companies can trade on the FTSE 100?• Alliance & Leicester• Bosch• BSKYB• Cadbury• Carphone Warehouse• Chanel,• Diesel• Ferrero Haribo,• GlaxoSmithKline• HSBC• IKEA• Kingfisher• Lego

• Lidl

• Marks & Spencer Morrisons

• Prada

• Red Bull

• Reuters

• Rolls Royce

• San Miguel

• Swarovski

• Thomas Cook

• Whitbread

Page 13: More Business Structure

Ltd or Plc – the answers….

• Alliance & Leicester

• Carphone Warehouse

• GlaxoSmithKline

• HSBC

• Kingfisher

• Thomas Cook

• BSKYB

• Cadbury

• Morrisons

• Marks & Spencer

• Rolls Royce

• Reuters

• Whitbread

• Ferrero Haribo,

• Swarovski

• Chanel,

• Diesel

• Bosch

• IKEA

• Lidl

• Lego

• Red Bull

• Prada

• San Miguel

Page 14: More Business Structure

Homework….

• Finish notes on different business legal structure.


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