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Form of business organisation - Coggle Diagram
Form of business organisation
Partnership
Two or more individual
Sharing profit
Simple to raise funds
Hindu undivided family
Effective control
Continuous business existence
More commitment
Sole proprietorship
One man ownership
No sharing of profit and loss
Less legal formalities
Co-operative society
Easy formation
Service motive
Open membership
Company
Seperate legal entity
Created by law
Common seal