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Level 4 Diploma in Accounting and Business

Legal Structures and Business Ownership

AB402 · Business and the Economic Environment — Week 2 of 16

CourseAB402
Week2 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Legal Structures and Business Ownership

  1. Sole traders and traditional partnerships
  2. Private limited companies versus public limited companies
  3. Cooperatives and social enterprises
  4. Ownership rights and limited liability
  5. Webinar: Choosing the right legal structure for your business
  6. Forms of UK Business Organisations: Sole traders and partnerships
  7. Chapter 2- Types of Companies and Concept of Limited Liability - Business Law - SQE1 - LLB

What you will be able to do

  • 1.2 Compare different types of businesses.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: compare different types of businesses.

Study materials

Videos

  • Webinar: Choosing the right legal structure for your business · YouTube · Companies House · 31 min · for registered students
  • Forms of UK Business Organisations: Sole traders and partnerships · YouTube · Mariette Jones · 20 min · for registered students
  • Chapter 2- Types of Companies and Concept of Limited Liability - Business Law - SQE1 - LLB · YouTube · SQE1window · 12 min · for registered students

Further resources

  • Choose a legal structure for a new business (GOV.UK) · Reading · GOV.UK, guidance · for registered students
  • Introduction to Business 2e, ch. 4.1–4.3: Sole traders, partnerships and companies · PDF · OpenStax, textbook chapter; pp. 117–128 · for registered students
  • Exploring Business, ch. 4: Selecting a Form of Business Ownership · PDF · Saylor Academy, textbook chapter; PDF pp. 166–200 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Business Classification and Sector Analysis
  • Week 2: Legal Structures and Business Ownership
  • Week 3: Organisational Structures and Financial Reporting Frameworks
  • Week 4: Stakeholder Analysis and the Internal Business Environment
  • Week 5: External Business Environment and Globalisation
  • Week 6: Macroeconomic Fundamentals and the Circular Flow of Income
  • Week 7: Aggregate Demand and Business Activity
  • Midterm: Midterm evaluation
  • Week 9: Microeconomic Factors and Elasticity Concepts
  • Week 10: Perfect Competition and Price Determination
  • Week 11: Imperfect Market Structures, Pricing and Output
  • Week 12: Applying Business and the Economic Environment in practice:…
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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