Freshman Seminar Students

Monday, March 17, 2008 "St. Patrick's Day"
Ms. Kirshner, MBA, MS

Periods 3 and 4


TOPIC: Determining the Legal Structure of your business

AIM: Students will learn about the different legal structures they will consider when starting their own businesses.

(We will go back to Chapter 25 in the textbook, prior to continuing with the development of our business plans. The technology section was completed in class and for homework, using workbook sheets. Students formed their businesses and decided on a name and product/s as well as met in their groups in class and also at home, via email and phone calls after school. Students are required to take notes about the discussions during the meetings and be prepared to turn those "minutes" in to Ms. Kirshner when required to do so.)

DO NOW: Copy into your notebook and define these new vocabulary words:
limited partnership,partnership, permit, sole proprietorship


CLASSWORK: In a pair (2 students, not three or more) one reads aloud, the other listens and takes notes, and then switch roles, and read and take notes on pages 304 - 309.

Homework: Fully answer these questions:

1. Do you think a sole proprietorship, partnership, or limited partnership would be the right legal structure for your own business? Explain, keeping in mind the new business you are starting with your group from the class.

2. What government identification number must you have before you can sell a product or service? Why?

3. In addition to registration, describe two other things you have to do before opening a business.


All work must be done in your notebook and on looseleaf paper. Be prepared for a notebook check at any moment. There are regular "spot checks". Don't be caught unprepared. It will work against your grade. Good behavior counts towards your participation grade. Bad behavior is unacceptable and will not work in your favor. Note, you are responsible for reading and completing all the Malia Mills Swimwear quesions, which became homework on Friday. It should be done for collecton today. Remember late work costs you 15 to 20 points each day late.