Business Ownership by xiangpeng

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									             Bellwork
Who owns Newcastle United?

Who owns Greggs?

Who owns Topshop?

Who owns Eric Snowdon?
        Learning Outcomes
By the end of the lesson you will be able to…

- know the five main types of business
ownership
- name examples of different types of
ownership
- explain the benefits and drawbacks of each
type of ownership
Different types of business ownership
              Research Task
Your task is to find out the following…

What is a sole trader, partnership, limited company
and social enterprise?
What types of business are typically owned in this
way?

You must present your work in the form of a guide /
case study looking at each type of business.
         Success Criteria
    What will a quality guide look like?

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Review 1
Bellwork

 Would you enjoy working in a partnership?
Sole trader pros and cons
              Research Task
Your task is to find out the following…

What are the advantages and disadvantages of each
type of ownership?

A key term you need to understand is
limited/unlimited liability

You must add this information to your guide / case
study looking at each type of business.
Deidre the famous Sun problem page columnist has been sacked from her job due to some
   pretty poor advice she has been giving to the readers lately. You have been employed as
   her replacement and Friday has now been changed to a Business problem page, but
   luckily you are an expert in it!!!

Below are four letters you have received. Read through each letter and recommend a type
   of business along with outlining the advantages and disadvantages of it.

Dear Deidre, I’m so confused! I am looking to go into business with my best friend and
   share all the risk and profits. We don’t have a massive amount of cash and don’t want the
   set up to be complicated by legal issues. Can you help us?

Dear Deidre, myself and four friends are thinking of setting up a business but have some
   concerns. We want to invite other potential shareholders to invest in the business but
   don’t want to lose our houses and cars if things go wrong! Any advice?

Dear Deidre, I presently own a large ltd company but want to raise more money to fund
   future expansion. What do you think my best option is?

Dear Deidre, I want to set up a small sandwich shop in Gateshead. I have secured a loan
   from the bank and want to make all the decisions myself. What do you think?
               Review 1
Why is a sole trader like…
  Review 2

Why is a Partnership like Del and Rodney?

								
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