Choosing a Particular Form of Organisation
This article throws light upon the top six factors influencing choice of a particular form of organisation. The factors are: 1. Liability 2. Life of the Business 3. Raising of Funds 4. Transferability of Interests 5. Taxation Liability 6. Legal Formalities. Factor # 1. Liability: The liability of the owner/promoters is an important consideration in selecting the form of organisation. [...]