Please enable JavaScript.
Coggle requires JavaScript to display documents.
SOLE PROPRIETORSHIP, PARTNERSHIP, COOPERATIVE SOCIETY, JOINT STOCK COMPANY…
SOLE PROPRIETORSHIP
MERITS
DIRECT INCENTIVE
SENSE OF ACCOMPLISHMENT
CONFIDENTIALITY
EASE OF FORMATION
QUICK DECISION
DEMERITS
UNLIMITED LIABILTY
LIMITED MANAGERIAL ABILITY
LIMITED LIFE OF BUSINESS
LIMITED RESOURCES
FEATURES
SOLE RISK BEARER
CONTROL
UNLIMITED LIABILITY
NO SEPRATE ENTITY
FORMATION AND CLOSURE
:champagne:
LACK OF BUSINESS CONTINUTY
PARTNERSHIP
FORMATION
DECISION MAKING=PARTNER
CONTINUITY
RISK BEARING
NUMBER OF PARTNERS
UNLIMITED LIABILITY
MUTUAL AHENCY
FORMATION = legal agreement
MERITS
MORE FUNDS
SHARING OF RISKS
BALANCED DECISION MAKING
SECRECY
EASE OF FORMATION
DEMERITS
POSSIBILITY OF CONFLICT
LACK OF CONTINUITY
LIMITED RESOURCES
LACK OF PUBLIC CONFIDENCE
UNLIMITED LIABILTY
TYPES OF PARTNERS
SLEEPING / DORMANT PARTNER
SECRET PARTNER
ACTIVE PARTNERS
NOMINAL PARTNER
PARTNER BY ESSTOPEL
PARTNER BY HOLIDING OUT
TYPES OF PARTNERSHIP
BASED ON DURATION
PARTICULAR PARTNERSHIP
PARTNERSHIP AT WILL
BASED ON LIABILITY
LIMITED PARTNETSHIP
GENERAL PARTNERSHIP
COOPERATIVE SOCIETY
MERITS
STABLE EXISTENCE
ECONOMY IN OPERATION = ELIMINATING MIDDLEMEN
LIMITED LIABILTY
SUPPORT FROM GOVERNEMNT
EQUALITY IN VOTING STATUS
EASE OF FORMATION
TYPES
MARKETING COOPERATIVE SOCIETY
FARMERS COOPERATIVE SOCIETY
PRODUCER COOPERATIVE SOCIETY
CREDIT COOPERATIVE SOCIETY
CONSUMER COOPERATIVE SOCEITY
COPERATIVE HOUSING SOCIETY
FEATURES
LIMITED LIABILTY
CONTROL = MANGING COMMITTEE
LEGAL STATUS
SERVICE MOTIVE
VOLUNTARY MEMBERSHIP
DEMERITS
LACK OF SECRECY
GOVERNEMENT CONTROL
INEFFICIENCY IN MANAGEMENT
DIFFERENCES OF OPINION
LIMITED RESOURCES
JOINT STOCK COMPANY
FEATURES
PERPETUAL SUCCESSION
CONTROL = MANGEMENT ( BOARD OF DIRECTORS )
FORMATION = COMPLEX
LIMITED LIABLITY
SEPERATE LEGAL ENTITY
COMMON SEAL
ARTIFICAL PERSON
RISK BEARING
DEMERITS
NUMEROUS REGULATIONS
DELAY IN DECISION MAKING
IMPERSONAL WORK ENVIROMENT
OLIGARCHIC MANAGEMENT
LACK OF SECRECY
CONFLICT OF INTEREST
COMPLEXITY IN FORMATION
MERITS
PERPETUAL SUCCESSION
SCOPE OF EXPANSION
TRANSFER OF INTERESTS
PRPOFRESSIONAL MANAGEMENT
LIMITED LIABILITY
TYPES
PRIVATE
PUBLIC
JOINT HINDU FAMILY
FEATURES
KARTA UNLIMITED
CONTROL = KARTA
FORMATION
MINOR MEMBERS
MERITS
CONTINUED BUSINESS EXISTENCE
LIMITED LIABILTY = COPARCENERS
EFFECTIVE CONTROL
INCREASED LOYALTY
DEMERITS
UNLIMTED LIABILITY = KARTA
DOMINANCE OF KARTA
LIMTED RESOURCES
LIMITED MANAGERIAL SKILLS