A full lesson delivered in a way to ensure student understanding.
This lesson will meet the following learning objectives:
- To understand the different legal structures that businesses adopt.
- To analyse the benefits and drawbacks of each legal structure (including issues such as management and control, sources of finance available, liability and distribution of profits).
- To understand the concept of limited liability and which legal structures benefit from this.
- To evaluate which legal structure would be most appropriate for a variety of business examples, including new start-up businesses and large established businesses.
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