Question

Explain the various factors on which several forms of business exist.

Answer 1

Answer:

The factors which affect the choice of the form of business organisation are given below:

Nature of business: ADVERTISEMENTS: ...

Size and area of operations: ...

Degree of control desired: ...

Amount of capital required: ...

Degree of risk involved: ...

Division of surplus: ...

Duration of business: ...

Government regulation and control:

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Answer 2

Answer:

The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A Limited Liability Company (LLC) is a business structure allowed by state statute. Legal and tax considerations enter into selecting a business structure