Learning Objectives and Class Prep - Business Forms
Introduction
Startups are perhaps the hottest topic in business for your generation. That said, we will spend several class periods on the subject of business formation and entrepreneurship. Today's session introduces this topic and covers the various legal structures business owners may adopt.
Learning Objectives
Upon completing the learning activities associated with this lesson, class participants should be able to:
- Identify the questions to ask in choosing the appropriate form of ownership for a business.
- Describe the sole proprietorship and partnership forms of organization, and specify the advantages and disadvantages.
- Identify the different types of partnerships, and explain the importance of a partnership agreement.
- Explain how corporations are formed and how they operate.
- Discuss the advantages and disadvantages of the corporate form of ownership.
- Examine special types of business ownership, including limited-liability companies, cooperatives, and not-for-profit corporations.
- Define mergers and acquisitions, and explain why companies are motivated to merge or acquire other companies.
Preparation for Class
To prepare for this session, you will need to do the following activities:
- Review the Learning Objectives
- Read Chapter 6 from the Press Books site
- Watch the Video Presentation linked at the end of the chapter.