HND_商法outcome3.pptVIP

Lisa has just graduated from Kirkwall College of Art and Design. She has a particular talent for designing and producing jewellery. While at College, Lisa ran a weekly stall at the local market, but she is now anxious to start a small business on a more permanent basis. Matters have been greatly helped by the fact that she has been given a modest grant by Orkney Entrepreneurial Trust. One of the conditions of the grant is that Lisa must attend a six week course run by the local enterprise company. Part of the course deals with business organisations and gives people on the course some idea of what would be the most appropriate structure for their business. Until Lisa came on the course, she had no idea that there was such a variety of business organisations. * 1 List the main business organisations recognised by Scots Law. ? sole trader ? partnerships ? limited partnerships ? limited liability partnerships ? private companies ? public companies * 2 Given the fact that Lisa will be running the business herself and, for the time being, she is unlikely to be employing anyone, how would you classify her business? -------------- a very small business as a sole trader enterprise. very remote to run as a single member private company in terms of the Companies (Single Member Private Limited Companies) Regulations 1992. Such a private company is limited by shares or by guarantee and need only have one member. assume that it has the character of a sole trader. * 3 Identify two advantages and two disadvantages of the type of business organisation run by Lisa. Check the text book * Case Study 2 Sanjay is a qualified accountant who has been working in London for the past three years since graduating from the University of North Kelvinside. He has now returned home to Scotland in order to set up in business with three of his friends from University. All four are as yet undecided about whether they should establish a traditional partnership or a limited liability partner