Miss Foley

Unit 5- Chapter 14- Getting Started

Name:

LC Business
Date:

Research a business in your locality and identify which form of business structure it has (Sole
Trader, Partnership, Private Limited Company or Co-Operative). The following success
criteria must also be taken into account when completing this research assignment:

You must provide a brief history on the business, mentioning how this business would
have been formed
You must mention two advantages and two disadvantages of the business structure in
place
Profile of a Local Business

Business History
Name of business:
_____________________________________________________________________
Products/services offered:
___________________________________________________________________________
___________________________________________________________________________
Reason why the business was set up and when:
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
How was this business formed? Were there any legal documents involved?
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
Type of Business
Type of business structure in place
___________________________________________________________________________
How do you know that it has this business structure?
___________________________________________________________________________
___________________________________________________________________________
Two advantages of this structure:
___________________________________________________________________________
___________________________________________________________________________
Two disadvantages of this structure:
___________________________________________________________________________
___________________________________________________________________________