Statutory Bodies and Corporations.

Example of form of business organization. These businesses usually are owned by one person aka the individual who has day-to-day responsibility for running the business. Below we give an explanation of each of these and how they are used in the scope of business law. 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.

Letâs take a look at each example of a business organization. There are 4 main types of business organization. You can classify a business partnership as either general or limited.

There are three 3 main forms of business organization. Sole proprietorship partnership corporation and Limited Liability Company or LLC. In fact the sole proprietorship is the most common form of business organization in our economy.

He has to arrangecapital for the business and he alone is responsible for itsmanagement. Utility cooperatives water and. 1 sole proprietorships 2 partnerships and 3 corporations plus several hybrid forms.

Is the perfect case in point. A divisional organization structures its activities around a market product or specific group of consumers. Which form of business is suitable for following types of business and why.

Paradigm Publishers International 2010 150. 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.