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Forms of business organisation

Meaning:- the form of business organisation are related with ownership and ownership is a legal concept which determines the authority and responsibility of the owner. the authority and responsibility of the owner keep on changing alongwith the changing forms of owner.


Forms of business organization

  1. Private sector
  2. Public sector
  3. Joint sector

  • Private sector
  1. Non-incorprated
  • Sole proprietorship
  • Joint Hindu family
  • Partnership
  • Joint ventureventure business
2. Incorporated
  • Joint stock company
  • Cooperative enterprises
2. Public sector
  1. Non-incorporated
  • Department organisation
  • Board organisation
  • Public trusts
2. Incorporated
  • Public corporations
  • Government company
3. Joint sector

1. Private sector:- it refer to the sector of business consisting of business owned by private individual or group.

  • Sole proprietorship:- an indicated by its name there is only one owner of such a business. he invests capital and manage it.
  • Joint Hindu family business:- when a business enterprises is run by the people belonging to the same family and they run the business as a family business, it is called joint Hindu family business.
  • Partnership:- under partnership firm two or more two people invests their capital and run some business on the basis of contract and share its profit and loss.
  • Joint venture:- under this firm of business organization two or  more than two people (there is no maximum limit of number) jointly run some particular business temporarily and all the co- venture divide the profit and loss according to the pre-determined ratio.
  • Joint stock company:- 

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