What are forms of business organization?

Business forms include Sole proprietorship, Hindu Undivided Family, Partnership, Corporation and Cooperative.

What is a sole proprietorship?

A sole proprietorship is a business owned and operated by a single individual. The owner has full control and is personally liable for the business's debts.

What is a partnership?

A partnership is a business structure where two or more individuals or entities share ownership and responsibilities. Partners share profits and liabilities based on the partnership agreement.

What is a corporation?

A corporation is a separate legal entity owned by shareholders. It provides limited liability to its owners and can raise capital by selling stocks. It's subject to corporate taxation.

What is a cooperative (co-op)?

A cooperative is a business owned and operated by its members for their mutual benefit. Members share in the decision-making process and profits.

What types of businesses are suitable for a cooperative structure?

Cooperatives are often used for businesses where members have a shared interest, such as agricultural co-ops, credit unions, and worker cooperatives.

General Management : Latest Articles and Updates on General Management

Management

Forms of Business Organization: Meaning and Examples

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LAST UPDATED: September 19, 2023, 11:40 IST

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Management

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LAST UPDATED: September 14, 2023, 16:37 IST

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LAST UPDATED: August 24, 2023, 17:45 IST

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LAST UPDATED: August 21, 2023, 18:37 IST

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LAST UPDATED: August 16, 2023, 19:13 IST

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LAST UPDATED: August 14, 2023, 18:31 IST

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LAST UPDATED: August 10, 2023, 17:34 IST

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LAST UPDATED: September 12, 2023, 17:48 IST

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Management

Learn About Situational Leadership Theory

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LAST UPDATED: August 7, 2023, 19:50 IST

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