fuglysearchers

·               There are various forms of business organization that a person having money and vision can start.They are as follows: ·          Sole partnership or Sole Trade ·          Partnership ·          Joint Hindu Family Business ·          Co-operative Societies ·          Joint Stock Company         Co-Operative Societies: It is a form of business organization where people came together with a motive of business for the welfare of the members.They came together to protect the economic interest of its members.It is governed by Cooperative Society Act,1912.It has a separate legal entity or it has a separate legal identity and can be started with at least 10 people. Fea...

·                  Partnership Business: According to Partnership Act,1932 “Partership form of a business is a relation e/w persons who bane agreed to share the profits of the business carried on by all or anyone of them acting for all.” Types of Partners:                                 I.             Active Partner:An active partner participates actively in the management of the business.These partners contribute the capital,have unlimited liability and get a salary for their contribution towards the business.                               II....