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Topic: Business ownership 

Business Education

 Standard 18.  Understands how ethics, government, and different forms of business ownership affect the entrepreneurial venture
  Level IV (Grade 9-12)
   Benchmark 6.Knows that choosing the type of ownership depends on many factors (e.g., personal feelings about risk, financial situation, tax laws, business needs) and that there is not one best form of ownership
    Knowledge/skill statements
     1.Knows that choosing the type of ownership of a business depends on many factors
     2.Knows personal feelings about risks are factors in choosing a type of business ownership
     3.Knows financial situations are factors in choosing a type of business ownership
     4.Knows tax laws are factors in choosing a type of business ownership
     5.Knows business needs are factors in choosing a type of business ownership
     6.Knows that there is not one best form of ownership
   Benchmark 7.Knows sources available to help entrepreneurs choose a form of ownership (e.g., attorneys, accountants, Small Business Administration, clubs)
    Knowledge/skill statements
     1.Knows sources available to help entrepreneurs choose a form of ownership
     2.Knows attorneys are a source available to help entrepreneurs choose a form of ownership
     3.Knows accountants are a source available to help entrepreneurs choose a form of ownership
     4.Knows the Small Business Administration is a source available to help entrepreneurs choose a form of ownership
     5.Knows clubs are a source available to help entrepreneurs choose a form of ownership
 Standard 39.  Understands various organizational structures and the advantages and disadvantages of each
  Level IV (Grade 9-12)
   Benchmark 1.Knows different forms of business ownership (e.g., franchises, employee stock ownership program; sole proprietorship, corporation, and partnerships in international business; limited liability corporation; limited liability partnership; non-profit)
    Knowledge/skill statements
     1.Knows different forms of business ownership
     2.Knows franchises as a form of business ownership
     3.Knows employee stock ownership programs as a form of business ownership
     4.Knows sole proprietorship in international business as a form of business ownership
     5.Knows corporations in international business as a form of business ownership
     6.Knows partnerships in international business as a form of business ownership
     7.Knows limited liability corporations as a form of business ownership
     8.Knows limited liability partnerships as a form of business ownership
     9.Knows non-profits as a form of business ownership