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Forms of Business Organisation. 2.1 Introduction. 2.2 Objectives: 2.3 Business Organisation. 2.4 Forms of Business Organisation. Sole Proprietorship. Suitability of Sole Proprietorship : Sole proprietorship business is suitable where the market is limited, localised and where customers give importance to personal
3.0 INTRODUCTION. After identifying the business in any field e.g., Insurance, it is necessary then to have a legal entity to be known in the society. The legal entity can be in any form of a business organization. The various forms of organization are as follows: 1) Sole proprietorship. 2) Partnership. 3) Co-operative Society.
MODULE 7. Business Organizations. Business can be undertaken in various forms. • In many instances, ways of doing business are governed by law. • In others, they are determined by the preferences of the entrepreneurs involved, such as nature of business, tax and personal considerations. Purpose Of Organizations.
Sole proprietorship – pojedinacno vlasnistvo. Business entity – poslovni subjekt. Partnership – partnerstvo, drustvo osoba. Limited partnership – komanditno drustvo. Corporation – drustvo kapitala. Creditor - vjerovnik. Retail store – ducan s maloprodajom.

Chapter 5. Forms of Business Ownership. Learning Objectives. 1) Identify the questions to ask in choosing the appropriate form of ownership for a business. 2) Describe the sole proprietorship and partnership forms of organization, and specify the advantages and disadvantages. 3) Identify the different types of partnerships,
Page 1 of 3. COMPARISON OF THE FORMS OF BUSINESS ORGANISATIONS. Sole-Proprietorship. Partnership. Limited Partnership (LP). Limited Liability Partnership (LLP). Company. Definition. A business owned by one person. An association of two or more persons carrying on business in common with a view to profit.
2.1 INTRODUCTION. 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.
explain the steps in the formation of these business organisation. 5.1 BUSINESS ORGANISATION. 5.2 FORMS OF BUSINESS ORGANISATION. 5.3 SOLE PROPRIETORSHIP. 5.3.1 CHARACTERISTICS OF SOLE PROPRIETORSHIP FORM OF BUSINESS. 5.3.2 MERITS OF SOLE PROPRIETORSHIP FORM OF BUSINESS ORGANISATION.
Forms of Business Organization. Sole Proprietorship-a business owned and operated by one person. Advantages of Sole Proprietorships. 1. Easy to organize-virtually no legal requirements. 2. Freedom of action-the owner makes all the business decisions. Disadvantages of Sole Proprietorships ,. 1. Limited ?nances-limited

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March 2018