Lesson Plan

• Describe the key features of a limited company.
• Explain at least three advantages of operating as a limited company.
• Explain at least three disadvantages of operating as a limited company.
• Compare the advantages and disadvantages to evaluate the suitability of the structure for different businesses.
• Use appropriate accounting terminology when answering exam style questions.

• Projector and screen
• PowerPoint slides summarising key points
• Printed handout with the advantage/disadvantage summary table
• Worksheet with case‑study cards for group activity
• Whiteboard and markers
• Exit‑ticket slips

Begin with a quick brainstorm: “Name some well‑known companies and guess whether they are limited companies.” Review prior knowledge of sole traders and partnerships, then state that today’s success criteria are to identify and explain the main advantages and disadvantages of limited companies using correct terminology.

1. Do‑now (5'): Students list business structures on sticky notes; teacher groups responses.
2. Mini‑lecture (10'): Define a limited company, highlight key features with slides.
3. Group activity (15'): Teams receive advantage/disadvantage cards and fill a T‑chart on the handout, citing real‑world examples.
4. Whole‑class discussion (10'): Groups share findings; teacher clarifies misconceptions and links to exam terminology.
5. Exam tip modelling (5'): Demonstrate a concise answer structure for a past paper question.
6. Check for understanding (5'): Exit ticket – write one advantage and one disadvantage with a brief justification.

Recap the definition of a limited company and the balanced view of its pros and cons. Collect exit tickets to gauge understanding, and assign homework: students must write a 150‑word answer explaining whether a limited company would be suitable for a start‑up bakery, using at least two advantages and two disadvantages.