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’
• What does Ltd stand for?
• What does Plc stand for?
• What’s the main difference between Ltd & Plc?
Look at your cards…
• Find others with the same ‘card’ as you….
You are all ‘owners’ of
your business.
• Sole trader into one corner of the room
How many ‘owners’ are
there for each group?
• Partnerships into one corner of the room
• Ltd’s into one corner of the room
• Plc’s into one corner of the room
Some questions for you to decide on…
• Here’s some profit for you to share out…..
• What’s your share of the profits? To what
extent
does this
• You will need to ‘cut up’ your money to equally share out
between business members…. matter?
• 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?
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?
Liability…..
• What is the difference between limited & unlimited
liability?
• Why is it important for a business to have liability
protection?
Continue with your notes on worksheet
15 mins max – rest to finish for HWK
Your quick task
Individual Work
Complete the worksheet….
Answers to worksheet
Ltd or Plc? Sort your cards out into 2
columns - do you know which companies
can trade on the FTSE 100?
• Alliance & Leicester • Lidl
• Bosch
• Marks & Spencer Morrisons
• BSKYB
• Cadbury • Prada
• Carphone Warehouse • Red Bull
• Chanel,
• Reuters
• Diesel
• Ferrero Haribo, • Rolls Royce
• GlaxoSmithKline • San Miguel
• HSBC
• Swarovski
• IKEA
• Kingfisher • Thomas Cook
• Lego • Whitbread
Ltd or Plc – the answers….
• Alliance & Leicester • Ferrero Haribo,
• Carphone Warehouse • Swarovski
• GlaxoSmithKline • Chanel,
• HSBC • Diesel
• Kingfisher • Bosch
• Thomas Cook • IKEA
• BSKYB • Lidl
• Cadbury • Lego
• Morrisons • Red Bull
• Marks & Spencer • Prada
• Rolls Royce • San Miguel
• Reuters
• Whitbread
Homework….
• Finish notes on different business legal structure.