The British Academy for Training and Development offers a professional training course in Introduction to Forms of Business Ownership. Small projects are an important pillar of economic development and their importance is increasing day by day. All aspects need to be well researched in order for a small project to be successful and bring desired benefits to project owners and society. One of the key issues to decide before going live is the nature of project ownership. This will depend on many things, such as the provision of capital, how the project will be managed, and how profits will be distributed. This course introduces you to the most common forms of business. We will discuss the main types of Small Businesses (Sole trader, Limited company, Business partnerships). This course also outlines the main rules and regulations that apply in each case.

Who should attend? 

• Those wishing to start a small, new business.
• Small Business Owner
• Entrepreneur.

How attendees will benefit? 

After completion of the course, delegates will understand: 

• Identify the questions to ask when choosing the right form of ownership for your business.
• Describe the organizational forms of sole proprietorships and partnerships, and list their strengths and weaknesses.
• Identify different types of partnerships and explain the importance of partnership agreements.
• Describe how the company was formed and how it works.
• Discuss the pros and cons of owning a business.
• Explore specific types of corporate ownership, such as limited liability companies and non-profit corporations.
• The concept of small projects, their nature and importance.

Introduction:

• Types of Small Business (Sole trader, Limited company, Business partnerships).
• Small Business Concepts.
• Pros and Cons of Forms of Business Ownership.

A Practice Model of Forms of Business Ownership:

• Sole proprietorship.
• General partnership.
• Franchise.
• Limited partnerships and limited liability partnerships (LLP).
• Limited liability company (LLC).
• C corporation.
• S corporation.