Comparative study of business organisation introduction
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Business organisation: A business organisation is a format that is legally recognized and characterized by the legal definition of that particular category.
There are many types of business structures. Some of them are,
- Sole Proprietorship
- General Partnership
- Limited Partnership
- Limited Liability Partnership (LLP)
Sole proprietorship: An individual or a couple in business which is simple to form and operate is called Sole proprietorship.
Partnership Firm: The business is owned, managed and controlled by an Association for profit is referred to as a partnership firm.
Limited Partnership and LLP have only limited control over the business.
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