This document discusses choosing the right legal structure for a business. It covers understanding why the legal structure is important and how it impacts taxes, liability, financing, and decision making. The document also discusses different business sectors like public and private and types of business ownership like sole traders, partnerships, limited companies, and not-for-profits. Learners are asked to research and present on different ownership types, consider the importance of limited versus unlimited liability, and evaluate the most appropriate structure for different situations.
Highlighting the legal issues pertaining to start-ups and business. Ranging from choice of entity, contracts, IPR issues, compliance, licenses, funding.
Highlighting the legal issues pertaining to start-ups and business. Ranging from choice of entity, contracts, IPR issues, compliance, licenses, funding.
A guide to write university exams for the first year BA students of commerce subject in the University of Mumbai. The slides include paper pattern as well as important questions.
Are you searching on the internet for which types of business forms are suitable for you, and make it big internationally in the future? Well, you're in the right spot! Today, I'll help you understand all you need to know about setting up a new business. There are some important things to keep in mind when registering your business, and I'll break them down for you. Let's make this journey simple and exciting!
In India, businesses can be of different types, each with its own good and not-so-good parts. There's the simplest one called sole proprietorship, great for small businesses. Then there are partnerships where a bunch of people share the good and bad stuff together.
LLPs are cool because they give some protection to the partners, and private limited companies also do that for the people who own shares, but there are some rules. Public limited companies can get money from the public through the stock market. Each type has rules you need to follow, and these rules affect how businesses work and make decisions.
I'm always prefer to spread the education tolls world wide, whatever i know well i think may be another couldn't able to realize it.If my ability help them i will be very much happy for them,those who are something learn from me....
If you are happy and helpful by sharing my tools please email me...
Mushfiqul Haque Mukit
East West University
Bangladesh...
mushfiq.mukit@gmail.com
Highlighting the legal issues pertaining to start-ups and business. Ranging from choice of entity, contracts, IPR issues, compliance, licenses, funding.
Highlighting the legal issues pertaining to start-ups and business. Ranging from choice of entity, contracts, IPR issues, compliance, licenses, funding.
A guide to write university exams for the first year BA students of commerce subject in the University of Mumbai. The slides include paper pattern as well as important questions.
Are you searching on the internet for which types of business forms are suitable for you, and make it big internationally in the future? Well, you're in the right spot! Today, I'll help you understand all you need to know about setting up a new business. There are some important things to keep in mind when registering your business, and I'll break them down for you. Let's make this journey simple and exciting!
In India, businesses can be of different types, each with its own good and not-so-good parts. There's the simplest one called sole proprietorship, great for small businesses. Then there are partnerships where a bunch of people share the good and bad stuff together.
LLPs are cool because they give some protection to the partners, and private limited companies also do that for the people who own shares, but there are some rules. Public limited companies can get money from the public through the stock market. Each type has rules you need to follow, and these rules affect how businesses work and make decisions.
I'm always prefer to spread the education tolls world wide, whatever i know well i think may be another couldn't able to realize it.If my ability help them i will be very much happy for them,those who are something learn from me....
If you are happy and helpful by sharing my tools please email me...
Mushfiqul Haque Mukit
East West University
Bangladesh...
mushfiq.mukit@gmail.com
Business ethics forms of business organizations abm specialized subjectGian Paulo Rabanal, LPT
Business Ethics and Social Responsibility
based on the book Business Ethics and Social Responsibility by A. Racelis
Learning Competencies Covered:
ABM_ESR12-IIIa-d1.1
ABM_ESR12-IIIa-d1.2
ABM_ESR12-IIIa-d1.3
3. Learning Objectives
By the end of this lesson you should be able to:
1. Understand why it is important to have the right legal
structure and recognise the sector they fit into.
2. Identity and explain the key features, benefits and
drawbacks of various types of business.
3. Evaluate the most appropriate business structure for
particular situations.
4. What is the right legal structure?
Why it is important to choose the right legal
structure for a business:
The records and accounts that have to be kept
Tax and National Insurance
Liability faced by owners if a business fails
Sources of finance available to owners
The way that decisions are made
LO1) Understand why it is important to have the right legal structure and recognise
the sector they fit into.
5. Business Sectors
What do we mean by the
public and private
sector?
Can you think of any
examples of businesses
that fit in these sectors?
LO1) Understand why it is important to have the right legal structure and recognise
the sector they fit into.
6. Business Sectors
Can you put the correct type of Business ownership
in each sector?
PUBLIC SECTOR PRIVATE SECTOR
PARTNERSHIPS
GOVERNMENT SOLE TRADER
PRIVATE LIMITED (LTD)
PUBLIC LIMITED (PLC)
LO1) Understand why it is important to have the right legal structure and recognise
the sector they fit into.
7. What business sector?
LO1) Understand why it is important to have the right legal structure and recognise
the sector they fit into.
8. Over to you….
Research and prepare a presentation
based on one of the following forms of
ownership:
Sole Traders
Partnerships
Private Limited Companies
Public Limited Companies
Not-For-Profit Businesses
Prepare to present back to the rest of
the group.
LO2) Identity and explain the key features, benefits and drawbacks of various types of
business.
9. What type of ownership?
During feedback,
summarise key points
from your peer
presentations.
Be prepared to answer
questions.
LO2) Identity and explain the key features, benefits and drawbacks of various types of
business.
10. Why is the legal structure so
important?
Choose your perfect
home and car….
You own a business
and are looking into
different types of
business ownership….
LO2) Identity and explain the key features, benefits and drawbacks of various types of
business.
11. Limited and Unlimited Liability
Unlimited Liability Limited Liability
• The finances of a business are treated • The legal duty to pay debts run up by a
as inseparable from the finances of business stay with the business itself.
business owners.
• Courts can make a firm sell off assets.
• Personal assets can be seized by
creditors in order to meet outstanding • If insufficient funds then a firm can be
depts. forced to close down.
–
• If insufficient funds raised then the • Regarded as incorporated.
owner can be made bankrupt.
• Regarded as unincorporated.
13. Re-cap Learning Objectives
You should now be able to:
1. Understand why it is important to have the right legal
structure and recognise the sector they fit into.
2. Identity and explain the key features, benefits and
drawbacks of various types of business.
3. Evaluate the most appropriate business structure for
particular situations.
Editor's Notes
Explain that public is government and private is Ltd and also Plc.
Explain that public is government and private is Ltd and also Plc.
Students should then complete the Jennings Cycles worksheet (LO3)