The company is the most effective vehicle yet discovered to manage and control modern business enterprise. Other forms of organisation may outnumber it, but most business is transacted by companies. In fact, the company pervades the economic and social life all over the world, because of so many advantages it enjoys over other forms of organisation. Some of the types [...]
Everything you need to know about the features of sole proprietorship. Sole proprietorship, also known as sole trader, is the most popular form of business organisation in India. You will find sole proprietors everywhere. If you buy a notebook, a pen, etc., from a shop near your residence or school, most likely the shop is run by a sole proprietor. [...]
This article will help you to learn about the difference between partnership and joint Hindu family business. Difference between Partnership and Joint Hindu Family Business Partnership Business 1. Formation: A partnership business comes into existence by mutual contact between the partners. 2. Admission of a Member: In partnership, a member is taken into the business by an agreement. 3. Members: [...]