avtar wants to start a company which manufactures carburetor a study conducted revealed that he needs a particular metal to produce the carburetor. that metal is not produced in the country and because of poor political relations, it cannot be imported from the country which produces it. identify the feasibility study that must have disclosed this problem to Avtar. Explain the other types also.
Answers
Avtar, a brilliant automobile engineer, has recently developed a new carburettor in his factory which he is running as a sole proprietor. The new carburettor can cut down petrol consumption of a car engine by 40 percent. He is now thínking of producing it on a large scale for which he requires a large amount of money. He is to evaluate different forms of organisations for doing the business of manufacturing and marketing his carburettor. He decides against converting his sole proprietorship to partnership as the requirement of funds for the project is large and the product being new, there is a lot of risk involved. He is advised to form a company. He wants to know about the formalities required for the formation of a company.
Explanation:
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