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forms of biz orgs - Coggle Diagram

- - - - Shared ownership and control
      - Unlimited liability (partners are personally liable)
      - Formation through a partnership deed
      - Shared profits and losses
      - Increased access to capital
    - - General partnership
      - Limited partnership
  - - - Limited liability of shareholders
      - Formation through registration with the Registrar of Companies
      - Perpetual succession
      - Transferability of shares
      - Access to large amounts of capital
    - - Private limited company
      - Public limited company
  - - - Democratic management
      - Limited liability of members
      - Distribution of profits based on patronage
      - Social and economic benefits
    - - Consumer cooperative
      - Producer cooperative
      - Credit cooperative
  - - - Ownership and control vested in the karta (head of the family)
      - Unlimited liability of the karta
      - No legal formalities required for formation
      - Limited access to capital
  - - - Sole ownership and control
      - Unlimited liability (personal assets are at risk)
      - Easy formation and dissolution
      - Simple decision-making
      - Limited access to capital