September 2010
Intermediate to advanced
388 pages
12h 9m
English
Content preview from Organisational Change
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1.4.1 Private Sector Business Organisations
Sole Tradership
In a sole proprietary business, also known as “one-man business,” one person is solely responsible for providing the capital, for bearing the risk of the undertaking and for the management of the business.
Partnership
This is an association of two or more persons to carry on as co-owners of a business and to share its profit and losses.
Company Organisation
- Private company It can be formed according to the provisions of the Indian Company Law.
- Public company Any company which is not a private company, is a public company. It is recognised by law as an artificial person having separate legal existence.
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