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More Business Structure

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 Ltd's and fewer partnership members than Ltd shareholders

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More Business Structure

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    1. More Business Structure

    2. 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 Ltd’s 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 Ltd’s 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!

    3. 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

    4. 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?

    5. 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

    6. 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? Monopoly Money – give out $160 dollarsMonopoly Money – give out $160 dollars

    7. 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?

    8. Liability….. What is the difference between limited & unlimited liability? Why is it important for a business to have liability protection?

    9. Continue with your notes on worksheet 15 mins max – rest to finish for HWK

    10. Your quick task Individual Work

    11. Complete the worksheet….

    12. Answers to worksheet

    13. Video clips 1 … Working lunch series 5 : 8 Ltd or sole trader?

    14. 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

    15. 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

    16. Homework…. Finish notes on different business legal structure.

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