Task 1
You are required to create a blog post that
describes and explains the following Legal Structures of business.
Sole Trader
Partnership
Limited Company
Social Enterprise
You can use
as a starting point for your research but
may find other resources. Please consider the following when researching
What steps are required to register your
business?
How are profits distributed?
Who is responsible for paying income tax?
Who is responsible for any loss generated
by the business?
Task 2
You will now work in a small team to
generate some ideas for your business plan. You need to think of three
contrasting ideas, and when deciding try and think about what would be required
to start the business. You may find it easier to think of simple business
ideas, such as Instrumental Music Lessons, A Club Night, A T-Shirt printing
service rather than a business involved in Manufacturing, or something that
requires a large start up investment.
For each idea please write a short
description of the business, what services/product would be provided, what
competition exists, what your Unique Selling Point would be, and who your
target market or audience would be.
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