ACCT30
Module 30: Business Types and Ownership Options (Optional)
Outcome
Investigate different types of businesses and options for ownership.
Indicators
(a) Identify various forms of business ownership including sole proprietorship, partnership and corporations including cooperatives.
(b) Summarize components of sole proprietorship, partnership, or incorporation.
(c) List different types of businesses such as merchandising, manufacturing, service and e-commerce.
(d) Distinguish which businesses found in the local community are sole proprietorship, partnerships and corporations.
(e) Investigate businesses found in the province of Saskatchewan, in Canada and globally.
(f) Explore the inquiry question: How is a corporation like a democratic government structure (e.g., provincial government, city/town council, First Nations Band Council)?
(g) Discuss the contributions that different organizations or businesses (e.g., cooperatives, Crown Corporations, First Nations band councils and Métis communities) have made to Saskatchewan.
(h) Research how the lifestyles and worldviews of First Nations peoples impact decisions related to business organization (e.g., benefit of the community compared to the benefit of the individual).
(i) Research ownership structures that are permitted on First Nations land as it relates to the implications of the Indian Act (e.g., A First Nation band is not a corporation).
(j) Present the characteristics and process of forming partnerships and/or corporations.
(k) Generate a simple partnership agreement (e.g., a partnership must always equal 100 percent but does not need to be 50/50) based on an example in an area of interest.
(l) Create a simple articles of incorporation for a corporation based on an area of interest.
(m) Construct and explain a business ownership solution (sole proprietorship, partnership, corporation) based on given scenarios.
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