M14
49
M14 M15 M16 M17 M18 M19 M20 M21 M22 M23 M24 THE PARTNERSHIP THE PARTNERSHIP Click Click to to Start Start Yr 2 Yr 2
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1. Click to Start Yr 2. M14. M15. M16. M24. M17. THE PARTNERSHIP. M23. M18. M22. M21. M20. M19. RAISE MONEY TOGETHER. SHARE COSTS. BOTH SPECIALISE. BOTH FRIENDS. SHARE IDEAS. ? Click here last. DEED OF PARTNERSHIP HHHJJNNNNNNNNNNN NNBBNNNNNNNNNNNNNNNN - PowerPoint PPT Presentation
Transcript of M14
1 M14 M15 M16
M17
M18
M19M20M21M22
M23
M24
THE PARTNERSHIPTHE PARTNERSHIP
ClickClicktoto
StartStartYr 2Yr 2
??Click here lastClick here last
SHARE COSTSSHARE COSTS
RAISE MONEY RAISE MONEY TOGETHERTOGETHER BOTH SPECIALISEBOTH SPECIALISE BOTH FRIENDSBOTH FRIENDS
SHARE IDEASSHARE IDEAS
DEED OF PARTNERSHIP
HHHJJNNNNNNNNNNN NNBBNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNBBBBBBBBBBJJJJ NNNNNNNNNNBBBBBBBBBBBBB NNNNNNNNNNNHBBBBBB VVVVVVVVVVVVV JJJHHHHHHHHHHHHHHHHHHHTT
Have you completed your self assessment tax form? Hit +10K if you have.
w
Click here to answer a question or,
Click here to face a challenge
Costs are shared by partners. Hit +10K if you have this.
w Click here to face a challenge
Click here to answer a question or,
FREEBONUS
SHARE COSTSSHARE COSTSSHARE COSTSSHARE COSTS
Cash flow problems could reduce turnover . Hit +10k if you have arranged an overdraft.
w
Click here to answer a question or,
Click here to face a challenge
You are sued by a customer who slips on your floor. Hit 10K if you have 3rd party liability protection.
w
Click here to answer a question or,
Click here to face a challenge
It is easier for a partnership than a sole trader to raise money. Hit 10K if you have this card.
w Click here to face a challenge
Click here to answer a question or,
FREEBONUS
RAISE MONEY RAISE MONEY TOGETHERTOGETHER
Your partner could specialise in things you struggle with. Hit 10K if you have this card.
w
Click here to answer a question or,
Click here to face a challenge
BOTH SPECIALISEBOTH SPECIALISE
You might have a major fallout with your partner. Hit 10K if your partner is a trusted friend.
w Click here to face a challenge
Click here to answer a question or,
BOTH FRIENDSBOTH FRIENDS
Your partner threatens to leave and demands 50% of the firms profits. Hit 10K if you signed a deed of partnership.
w
Click here to answer a question
Click here to face a challenge
DEED OF PARTNERSHIP
HHHJJNNNNNNNNNNN NNBBNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNBBBBBBBBBBJJJJ NNNNNNNNNNBBBBBBBBBBBBB NNNNNNNNNNNHBBBBBB VVVVVVVVVVVVV JJJHHHHHHHHHHHHHHHHHHHTT
BBHHBH HHHHH
‘Two or more heads’ are better than one. Hit 10k if you pool ideas.
w
Click here to answer a question or,
Click here to face a challenge
FREEBONUS
SHARE IDEASSHARE IDEAS
The LA suspect you of selling beer on your premises. Hit 10K if you have a licence to sell alcohol.
w Click here to face a challenge
Click here to answer a question or,
The authorities believe that you have been playing music to your customers. Hit 10K if you have a licence.
w Click here to face a challenge
Click here to answer a question or,
Major financial problems due to credit crunch. Your bank calls in their £100,000 loan and £150,000 business mortgage.
Work out whether you can pay
Update your accounts
CLICKHERETO
RETURN TOACCOUNTS
A
+1
AUTO
+2
+1
A
+2
+1
A
+2
+1
A
+2
+1
A
+2
+1
A
+2
+1
A
+2
+1
A
+2
+1
A
+2
+1
A
+2
+1
A
+2
MONTHS
30
20
10
0
FIGURES IN 000’SPROFIT
RETURN TO GAME BOARDRETURN TO GAME BOARD
+10K
+10K
10 THE PARTNER WORD GAMETHE PARTNER WORD GAME
W1 W2 W3 W4 W5 W6 W7 W8 W9 W10
SELECT WORD NUMBER BELOW
W11 W12
WORD 1
WORD 2
WORD 3
WORD 4
WORD 5
WORD 6
WORD 7
WORD 8
WORD 9
WORD 10
WORD 11
WORD 12
10
RETURN TO GAME BOARD
Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Q9 Q10
SELECT QUESTION BELOW
THE PARTNERSHIP QUIZTHE PARTNERSHIP QUIZ
Starting up as a partnership is the easiest way for one person to set up in business.
Starting up as a partnership is the easiest way for two people to set up in business.
Starting up as a partnership is the hardest way for two people to set up in business.
THE PARTNERSHIP Q1THE PARTNERSHIP Q1
INCORRECT
A partnership does not have legal status.
A partnership has legal status.
A partnership can continue for ever.
THE PARTNERSHIP Q2THE PARTNERSHIP Q2
INCORRECT
A partnership has limited liability.
A partnership has unlimited liability.
A partnership has limited labels.
THE PARTNERSHIP Q3THE PARTNERSHIP Q3
INCORRECT
Only the partnership can be sued.
An individual partner cannot be sued.
Any entrepreneur who joins a partnership could be sued if any partner is negligent.
THE PARTNERSHIP Q4THE PARTNERSHIP Q4
INCORRECT
A partnership can only have two partners.
A partnership can have any number of partners.
A partnership can have between two and twenty partners.
THE PARTNERSHIP Q5THE PARTNERSHIP Q5
INCORRECT
A partner can make a decision without consulting the other partners.
A partner must consult with other partners before making decisions.All partners must by law make decisions together.
THE PARTNERSHIP Q6THE PARTNERSHIP Q6
INCORRECT
Each partner can invest their own money in the business.
A partnership can sell shares to raise money.
Only one partner is allowed to invest money in the business.
THE PARTNERSHIP Q7THE PARTNERSHIP Q7
INCORRECT
A ‘sleeping partner’ invests money in the partnership but does not help run it.
A ‘sleeping partner’ helps to run the firm but does not invest money in it.
A ‘sleeping partner’ stays asleep all day.
THE PARTNERSHIP Q8THE PARTNERSHIP Q8
INCORRECT
Every partner is entitled to receive profits in proportion to the amount they invested.
A Deed of partnership needs to be drawn up to say what proportion of profits each partner will receive.
By law partners receive a fair percentage of any profits.
THE PARTNERSHIP Q9THE PARTNERSHIP Q9
INCORRECT
Partners must all do the same tasks in their firm.
Partnerships cannot employ staff unless they too are partners.
Partners can specialise in tasks that they are good at.
THE PARTNERSHIP Q10THE PARTNERSHIP Q10
INCORRECT
