Business Organisation English Edition
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BUSINESS ORGANISATION (English Edition)
Author: Dr. Ajay Shukla
language: en
Publisher: Thakur Publication Private Limited
Release Date: 2021-01-07
Explore the dynamics of business organizations with the English edition e-Book, "Business Organisation." Specifically designed for B.Com 1st Semester students in U.P. State Universities, this comprehensive resource published by Thakur Publication aligns with the common syllabus. Delve into the intricacies of organizational structures, functions, and processes, gaining a deeper understanding of how businesses operate. From business planning to decision-making and strategic management, this e-Book covers a wide range of topics essential for success in the business world.
BUSINESS ORGANISATION ( English )
Author: Dr. Ekta Anand
language: en
Publisher: Thakur Publication Private Limited
Release Date: 2023-11-01
Revised Curriculum and Credit Framework of Under Graduate Programme, Haryana According to KUK University Syllabus as Per NEP-2020
Forms of Business Organisation - English
Business organizations can take various forms, each with its own legal and operational implications. Here are some common forms: Sole Proprietorship: A business owned and operated by a single individual. It's the simplest form of business organization, where the owner has complete control and receives all profits but also bears all liabilities. Partnership: A business owned and operated by two or more individuals or entities. There are several types of partnerships: General Partnership: All partners share in profits, losses, and management responsibilities. Limited Partnership: Partners have limited liability but also limited involvement in management. Limited Liability Partnership (LLP): Partners have limited liability for the debts and obligations of the business. Corporation: A legal entity separate from its owners, known as shareholders. Corporations can: Issue stock to raise capital. Have limited liability, where shareholders are only liable for their investment. Be taxed separately from its owners (double taxation), though certain types of corporations (S corporations) can avoid double taxation by passing income and losses through to shareholders. Limited Liability Company (LLC): Combines elements of partnerships and corporations. LLC owners are called members and have limited liability while enjoying the flexibility of partnership-style management. Cooperative: Owned and operated by a group of individuals or businesses for their mutual benefit. Profits and control are shared among the members based on their participation. Nonprofit Organization: Operated for purposes other than profit-making, such as charitable, educational, or religious purposes. They can take various legal forms, such as trusts, associations, or corporations. Joint Venture: A temporary partnership between two or more parties for a specific project or business activity. Choosing the right form of business organization depends on various factors including liability considerations, tax implications, management preferences, and the nature of the business itself. Consulting with legal and financial advisors is often recommended to make an informed decision.