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forms of business organisation - Coggle Diagram
forms of business organisation
sole proprietorship
features
no seperate legal entity
sole risk bearer
lack of existence
sole profit receipent
quick decision making
easy formation & closure
unltd. liab
JHF
features
continuity
membership
ancestral property
liabilty
control
decision making
secrecy
honesty
partnership
joint stock company
features
unltd. liab
members
agreement
decision making
risk bearing
cooperative society