More Business Structure

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More Business Structure
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Starter task

• You need to give out the business type cards to
  your class.
• You need to check how many students there are
  before allocating cards out.
• There needs to be more PLC shareholders than
  Ltds and fewer partnership members than Ltd
  shareholders. For the task to work.
• There has to be just 1 sole trader, at least 2
  partners, at least 3 Ltds and then 4 plc
  sharholders. This assumes only 10 in the class.
  You will need to do the maths quickly at the
  start before handing these out
• You will also need to have a set of scissors for
  the groups to use as they will need to cut out
  their money!
• At the end of the activity they can KEEP their
  money if they want to!

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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

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Recap last lesson

• What is a sole trader?
• What is a partnership
• What does Ltd stand for?
• What does Plc stand for?
• Whats the main difference between Ltd Plc?

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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
• Ltds into one corner of the room
• Plcs into one corner of the room

You are all owners of your business. How many
owners are there for each group?
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Some questions for you to decide on

• Heres some profit for you to share out..
• Whats 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?
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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 failwho would have the
  largest debt to deal with?

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Liability..

• What is the difference between limited
  unlimited liability?
• Why is it important for a business to have
  liability protection?

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Continue with your notes on worksheet

• 15 mins max rest to finish for HWK

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Your quick task

• Individual Work

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Complete the worksheet.
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Answers to worksheet
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Video clips 1

• Working lunch series 5 8 Ltd or sole trader?

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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

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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

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Homework.

• Finish notes on different business legal
  structure.