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The Sole Proprietorship Concern 2.
Example of forms of business organization. Sole proprietorship partnership corporation and Limited Liability Company or LLC. Some examples of cooperatives are. Below we give an explanation of each of these and how they are used in the scope of business law.
Cooperatives are either incorporated or unincorporated. A service type of business provides intangible products products with no physical form. Example forms of business organization.
1 Sole proprietorship 2 Partnership 3 Co-operative Society 4 Joint stock company Private and Public These are explained in brief as follows-31 OBJECTIVES At the end of this lesson you will be able to know z Various forms of organization. Utility cooperatives water and. This type of business buys products at wholesale price and sells the same at retail price.
The persons making up the group are called members. Unit 2 Part 2 BBA 104. Sole proprietors can be independent contractors freelancers or home-based businesses.
A cooperative is a business organization owned by a group of individuals and is operated for their mutual benefit. There are 4 main types of business organization. The various forms of organization are as follows.
A kids lawn mowing service is an example of a sole proprietorship. Service type firms offer. 9 Different Forms of Business Organisation Forms of Business Organisation Sole Proprietorship Partnership Firm Limited Liability Partnership Joint Stock Company and One Person Company With Merits and Demerits Form 1.
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