CTEC Level 3 Business – Unit 1 LO1.3 | Different Forms of Legal Business Ownership | Lesson Pack

CTEC Level 3 Business : Unit 1 - The business environment
LO1 - Understand different types of businesses and their objective
1.3 Different forms of legal business ownership

A complete, ready-to-teach CTEC Level 3 Business Unit 1 lesson for LO1.3 – Different Forms of Legal Business Ownership.
Students will learn about sole traders, partnerships, private limited companies (Ltd), public limited companies (PLC), franchises, cooperatives, and not-for-profit organisations, including their advantages, disadvantages, ownership structures, liability, and ability to raise finance.

This resource also includes a highly engaging simulation activity where learners act as business founders and must make real-time decisions as unexpected events unfold. This interactive task deepens understanding of liability, control, finance, and growth — making ownership structures meaningful, memorable, and applied to real business situations.

Resource includes:

• Fully editable PowerPoint presentation
• Simulation Activity Pack (Scenario Cards, Event Cards, Teacher Guide, Student Activity Booklet)
• Printable student worksheet / activity booklet
• Engaging examples of real UK businesses
• Clear explanations aligned with the OCR CTEC Level 3 Business specification (Unit 1 – The Business Environment)
• Structured tasks suitable for group work, independent study, or revision

Perfect for:
Teachers delivering CTEC Level 3 Business Unit 1 - The Business Environment, specifically Learning Outcome 1: Understand different types of businesses and their objectives.

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