FORMS OF BUSINESS ORGANISATION

 

FORMS OF BUSINESS ORGANISATION

If one is planning to start a business or is interested in expanding an existing one, an important decision relates to the choice of the form of organisation. The most appropriate form is determined by weighing the advantages and disadvantages of each type of organisation against one’s own requirements. Various forms of business organisations from which one can choose the right one include:

(a) Sole proprietorship

(b) Joint Hindu family business

(c) Partnership

(d) Cooperative societies

(e) Joint stock company