Explain:- "Fire is a good midwife, not a mistress."
Answers
1. Introduction A business enterprises is an organisation which is engaged in some business or commercial activity. Every business enterprises is a separate and distinct unit of business.
Various forms of business organisation from which one can choose the right one include
Sole Proprietorship
Joint Hindu Family Business
Partnership
Co-operative Societies
Joint Stock Compan
2. Sole Proprietorship A business owned, managed and controlled by a single individual is known as a sole proprietorship organisation.
(i) Features
Formation and closure
Liability
Sole risk bearer and profit recipient
Control
No separate entity
Lack of business continuity
1. Introduction A business enterprises is an organisation which is engaged in some business or commercial activity. Every business enterprises is a separate and distinct unit of business.
Various forms of business organisation from which one can choose the right one include
Sole Proprietorship
Joint Hindu Family Business
Partnership
Co-operative Societies
Joint Stock Compan
2. Sole Proprietorship A business owned, managed and controlled by a single individual is known as a sole proprietorship organisation.
(i) Features
Formation and closure
Liability
Sole risk bearer and profit recipient
Control
No separate entity
Lack of business continuity