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The Business Directorys of these deliberations should flow into the project proposal you are required to submit by the end of week 6, using the proposal form provided. The form provides the space to add a project description and project-specific items.

Your tutor will then assess the suitability of your chosen project to meet the requirements of the unit. In the individual consultation session in weeks 8 and 9, you will receive their feedback on the project proposal, and will have an opportunity to address any problems your tutor identifies, where this is necessary.

Your final mark for the project proposal will reflect both the quality of the proposal itself, and the quality of this feedback session. If you fail to attend this session, your project proposal will not receive a mark.

Business Type: Small Company

There are various types of company that can be formed in different jurisdictions, but the most common forms of company are: There are several and they are:

* a company limited by shares. The most common form of company used for business ventures.
* a company limited by guarantee. Commonly used where companies are formed for non-commercial purposes, such as clubs or charities. The members guarantee the payment of certain (usually nominal) amounts if the company goes into insolvent liquidation, but otherwise they have no economic rights in relation to the company .