1. Meeting the Criteria for P4 and M3
Mrs Howe
Unit 36-Legal and Financial Aspects of Starting a New Business
Meeting the Criteria for P4 and M3

2. Mrs Howe
Lesson Objectives
P4 – P4 describe the legal and financial aspects that will affect the start-up of the business
M3 assess the implications of the legal and financial aspects that will affect the start up of the business.
Lesson Outcomes
Identify and describe the legal and financial aspects which effect your business
Assess the impact of these legal and financial aspects identify the systems you will have in place to prevent any problems in these areas.
Identify and explain systems to address these aspects of a new business

3. Mrs Howe
What you need to do
Pass –describe the legal and financial aspects which will effect the start up of your business
Merit- all of pass plus consider the impact these aspects will have on your business and what you can do to address these issues
E.g recording systems (ledgers, spreadsheets, employment of an accountant) for VAT and TAX liability

4. Mrs Howe
How you will do this
First identify the legal and financial aspects which will effect your business
How will you do this?
Carry out research to find out what legal and financial aspects effect a new business
Create a power point to explain to the rest of the class what will effect your business
Select the ones which are appropriate to your business. Write about them (P4)and explain what systems you will have to ensure they are not a problem (how will you manage these requirements)

5. Task-you have 2 hours Working in groups of no more than 3
Mrs Howe
Task-you have 2 hours
Working in groups of no more than 3
Research and identify the legal and financial aspects which will effect your business.
You should also include systems you will use to address these issues and prevent them becoming a problem
Put your findings in a power point to inform the rest of the class what your issues are
(or advice sheet for new business’s)

6. Assessment We scored this presentation /20 because
Mrs Howe
Assessment
CRITERIA
LOTS OF WORK TO DO
CLOSE BUT STILL SOME WORK LEFT TO DO
YOU’VE GOT IT
THIS IS THE STANDARD
FANTASTIC
JOB
What are the legal aspects effecting your business
What are the financial aspects which effect your business
Systems for financial aspects
Systems for legal aspects
Easy to understand
We scored this presentation /20 because
Target for next time

7. Information-Legal Aspects
Mrs Howe
Information-Legal Aspects

8. Information-financial Aspects
Mrs Howe
Information-financial Aspects
U:\Business Studies\Students\BTEC National \BTEC National - Unit 37 - Starting a small business\Assignment C

9. Keywords Income TAX VAT National Insurance Import tax
Mrs Howe
Keywords
Income TAX
VAT
National Insurance
Import tax
Health and Safety
Quality standards- IS09000
Insurance
Public liability insurance
Employers Insurance
Legal Protection
Accountant
Business Plan
Ratios
Break even