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The Importance Of Limited Liability

The Importance Of Limited Liability. Unit 1 Topic 1.4.3. Lesson Objectives. Must learn: The principles of limited and unlimited liability Should learn: The differences between limited and unlimited liability

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The Importance Of Limited Liability

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  1. The Importance Of Limited Liability Unit 1 Topic 1.4.3

  2. Lesson Objectives • Must learn: The principles of limited and unlimited liability • Should learn: The differences between limited and unlimited liability • Could learn: To evaluate the choice of business ownership depends on the risk of loss a business is will to take

  3. Starter Finish the sentence:- The meaning of limited is ……… The meaning of liability is ………….

  4. Starter Finish the sentence:- The meaning of limited is when there is a restriction on something. The meaning of liability is when someone or something is accountable for an occurrence.

  5. What is a Company

  6. Liability

  7. Which Liability?

  8. Mini Plenary List as many unlimited liability business as possible • . • . • . List as many limited liability business as possible • . • . • .

  9. Unlimited Liability The Details!

  10. Limited Liability The Details!

  11. Key Terms

  12. Different types of companies – LTDs and PLCsVideo Duration: 05:26 • http://www.bbc.co.uk/learningzone/clips/different-types-of-companies-ltds-and-plcs/13157.html

  13. Difference between Ltd & Sole Trader • Risk • Control • Profit • Privacy

  14. Task – Ltd & PLC Worksheet • Bob the Blob’s Question Time • Complete the paragraph by filling in the blanks. • Explain the main differences between a sole trader and a private limited company.

  15. Plenary

  16. Plenary

  17. Homework Answer the four mark question below:-

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