Private limited To understand what is No understanding of 1 Show introduction to limited companies – companies meant by a private limited the legal process of Explain the difference between businesses and companies. (Ltd) company and the benefits incorporation is Show a short clip from Dragons’ Den why do businesses want to involve other and drawbacks of this expected. – investors? legal structure. Why is limited liability helpful in this situation? To understand the concept of limited liability and which businesses benefit from this. Public limited To understand what is 1 Show for famous Plcs. companies by a public limited List of businesses who are Plcs and Ltds include some which students might – (Plc) company and the benefits imagine are Plcs (eg Nintendo and Virgin group) why would big businesses – and drawbacks of this maintain their Ltd status? legal structure. Fill in the gaps exercise assessing understanding of legal structures. Not-for-profit To understand what is Including new start-up 1 students to identify reasons for starting a not-for-profit organisation. – organisations meant by a not-for-profit businesses and large Research not-for-profit organisations in the local area why have they been set – organisation and the established up? What is the social need that they are trying to improve? benefits and drawbacks of businesses. what might be the potential drawback of these organisations? this legal structure. – To evaluate which legal structure would be the Students to create a table (without/minimal resources) including columns for type most appropriate for a of legal structure, definition, benefit (x2), drawback (x2), real world example and variety of business size of business what size of business would be most appropriate for the legal – examples. structure? Students given different business examples/scenarios in groups they should – judge which legal structure they would choose and justify why that is the most appropriate structure.
Private limited companies (Ltd) To understand what is meant by a private limited company and the benefits and drawbacks of this legal structure. To understand the concept of limited liability and which businesses benefit from this. No understanding of the legal process of incorporation is expected. 1 Show introduction to limited companies – Explain the difference between businesses and companies. Show a short clip from Dragons’ Den – why do businesses want to involve other investors? Why is limited liability helpful in this situation? Public limited companies (Plc) To understand what is by a public limited company and the benefits and drawbacks of this legal structure. 1 Show for famous Plcs. List of businesses who are Plcs and Ltds – include some which students might imagine are Plcs (eg Nintendo and Virgin group) – why would big businesses maintain their Ltd status? Fill in the gaps exercise assessing understanding of legal structures. Not-for-profit organisations To understand what is meant by a not-for-profit organisation and the benefits and drawbacks of this legal structure. To evaluate which legal structure would be the most appropriate for a variety of business examples. Including new start-up businesses and large established businesses. 1 – students to identify reasons for starting a not-for-profit organisation. Research not-for-profit organisations in the local area – why have they been set up? What is the social need that they are trying to improve? – what might be the potential drawback of these organisations? Students to create a table (without/minimal resources) including columns for type of legal structure, definition, benefit (x2), drawback (x2), real world example and size of business – what size of business would be most appropriate for the legal structure? Students given different business examples/scenarios – in groups they should judge which legal structure they would choose and justify why that is the most appropriate structure.
AQA-8132-SOW-2YR.DOCX