The financial decisions of the organizations are greatly affected by the forms of these organizations. There can be mainly three forms of business organizations. 1. Proprietary concerns 2. Partnership concerns 3. Joint stock companies. Form # 1. Proprietary Concerns: In this case, only one person is the owner of the business and he is called the proprietor of the business. [...]
Everything you need to know about the advantages and disadvantages of partnership. Partnership organisation is admirably suitable for medium-size undertakings, where personal efforts of the owners are essential. Besides sole proprietorship partnership is another popular form of business organisation that exist in our society. The term partnership literally means, 'an association of two or more people as partners'. Thus, partnership [...]
Everything you need to know about the forms of business organisation. Most production and distribution activities are carried out by millions of people in different parts of the country by constituting various kinds of organizations. These organizations are based on some form of ownership. This choice affects a number of managerial and financial issues, including the amount of taxes the [...]