Question

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Answer 1

Answer:

(A). (i) the different forms of business are:

1.Partnership 2. .sole proprietorship 3. joint hindu family business cooperative societies.

(ii) it's profitable.

(iii) Partnership.

(B). No,there no challenge faced by them because according to section 30 of indian partnership act , 1932 a minor(under the age of 18 ) cannot be a partner but he can made a partner in the profits with the concent of all the other partners.il this way a minor can be a partner but cannot be declared a full fledged partner.

Explanation:

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Answer 2

Answer:

Answer in the attachment above