NZQA Expiring unit standard
1990 version 7
Page 1 of 4
Title
Assess small business ownership options and business structures
Level
4
Credits
Purpose
5
This unit standard is for people who wish to assess ownership
options and business structures for owning or participating in
small business ventures.
People who complete this unit standard are able to: analyse
ownership options and business structures; assess options for
acquiring a small business; evaluate small business financing
options; and interpret legal requirements for small business
operations.
Classification
Business Environment > Business Culture and Environment
Available grade
Achieved
Explanatory notes
None.
Outcomes and evidence requirements
Outcome 1
Analyse ownership options and business structures.
Evidence requirements
1.1
Ownership options and business structures are analysed and strengths and
weaknesses are assessed relative to specific business proposals.
Range
1.2
sole trader, partnership, private company, public company,
cooperative, trust.
Key factors for ownership and structure are examined.
Range
capital requirements, complexity of ownership, management base,
size of operation, type of business, taxation considerations, costs
of formation, need for diverse skills and expertise.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
1990 version 7
Page 2 of 4
Outcome 2
Assess options for acquiring a small business.
Evidence requirements
2.1
Options for acquiring ownership of a small business are analysed and key
factors of each option are identified.
Range
2.2
establishing a new business, buying an existing business,
inheriting a business, restructuring an existing business, buying
from employer/s, entering into a franchise contract.
Ownership options are investigated and recommendations made for specific
small business proposals.
Outcome 3
Evaluate small business financing options.
Evidence requirements
3.1
Funding requirements and capital structure of the small business operation are
determined and evaluated.
Range
3.2
working capital, fixed capital, debt capital, equity capital.
Sources of finance are identified.
Range
sources – personal, commercial, trade/industry, central and local
government, international.
3.3
Financial viability of the proposed small business operation is assessed and
break-even point estimated.
3.4
Initial budgets and cash flows are produced.
Outcome 4
Interpret legal requirements for small business operations.
Evidence requirements
4.1
Requirements are interpreted and actioned for registration of the business
name.
4.2
Requirements are interpreted and actioned for regulations, licenses, and
permits.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
4.3
Taxation requirements are identified and registration and administrative
requirements are met.
Range
4.4
business taxation, fringe benefit, GST, PAYE, ACC, personal
taxation.
Insurance needs are established and special considerations identified.
Range
4.5
1990 version 7
Page 3 of 4
fire, property, earthquake, special perils, liability, loss of profits,
loss of proprietor's income, proprietor's sickness/incapacity.
Requirements are assessed for royalties, copyright, patents, trademarks, and
registered design, and applications are completed for identified needs.
Replacement information
This unit standard and unit standard 1989 have been
replaced by unit standards 29055, 29056, and 29057.
This unit standard is expiring. Assessment against the standard must take place by
the last date for assessment set out below.
Status information and last date for assessment for superseded versions
Process
Version Date
Last Date for Assessment
Registration
1
28 September 1994
31 December 2015
Revision
2
11 May 1999
31 December 2015
Revision
3
16 January 2001
31 December 2015
Revision
4
12 January 2006
31 December 2015
Rollover and
Revision
5
22 August 2008
31 December 2015
Rollover and
Revision
6
20 September 2012
31 December 2018
Review
7
19 May 2016
31 December 2018
Consent and Moderation Requirements (CMR) reference
0113
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA,
before they can report credits from assessment against unit standards or deliver courses
of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
1990 version 7
Page 4 of 4
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies
to this standard are outlined in the Consent and Moderation Requirements (CMR). The
CMR also includes useful information about special requirements for organisations wishing
to develop education and training programmes, such as minimum qualifications for tutors
and assessors, and special resource requirements.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016