Chap.+6+Forms+of+Ownership

Legal Forms of Business (Chap. 6)

 * Read pg 69- top of 72
 * Answer "Forms of Business Guided Notes"
 * [[file:Forms of a Business Guided Notes.doc]]
 * What is meant by the term Entrepreneurship?
 * 3 main forms of a business (Advantages/Disadvantages)
 * Sole Proprietorship
 * Partnership
 * Corporation
 * Corporation Worksheet- Math Problems
 * [[file:Corporation Worksheet.docx]]
 * What is a stock? Who owns McDonalds?
 * What does ownership mean?
 * Activity: Stock ownership: A Delicious Topic
 * [[file:Activity 1.docx]]
 * Activity: Happy Birthday, Cookie
 * [[file:Activity 2.docx]]
 * Activity: Thank-you note
 * [[file:Activity 3.docx]]
 * SWEET OPPORTUNITIES PROJECT- See link on left column
 * LEMONADE STAND PROJECT (2 days)
 * Day 1: complete lemonade stand game by yourself
 * Day 2: complete lemonade stand game with a partner
 * Keep a log of each day
 * Evaluation: you have played the game as an individual and a partner. Just like in life, you can start a business by yourself or with a partner. Write a 2 para. summary about your experience playing the game. Advantages/Disadvantages of each type of ownership. Issues that might arise if this was real and your livelihood relied on the success of your lemonade stand.
 * FRANCHISE ACTIVITY: (2-3 days)
 * Research 1 franchise and make a poster about all the requirements/funding needed to open your franchise
 * EACH GROUP MUST CHOOSE A DIFFERENT FRANCHISE
 * What services/product does the franchise sell?
 * What are start up costs/royalty fees (% of profit)?
 * How many franchises are in the U.S? World?
 * Where are open markets for you to build a franchise?
 * Any extra information you want to provide?
 * Year the company began/ history
 * Any publicity (good/bad) about the company
 * Etc.
 * [[file:Franchise Project Rubric.docx]]