Tuesday 29 September 2015

Unit 36 Starting a Small Business

Legal Aspects of Starting a Small Business:



Choosing the right legal structure:

Sole traders, partnerships, private limited companies and public limited companies.

You need to know definitions, advantages and disadvantages of each type of legal structure. 

You could start here.

Or you could click on the picture:


http://www.youtube.com/watch?v=lRiX1bWJ-EE

There are some good notes on this topic from this website.


How to set up a limited company:

 

Link to Companies House documentation:

Classroom Socrative quiz:



Go to to m.socrative.com on your Smartphone.

Enter Room 151756.

Other legal considerations:

Trading Standards

Details here.
http://www.bbc.co.uk/news/business-34403005 
Licencing
https://www.gov.uk/licence-finder/sectors  
Record keeping
National / local laws
VAT
Regulations